Tagged central bank

March 9, 2022

KARACHI: Pakistan's public debt and liabilities rose 9.5% to 42.4 trillion rupees at the end of January, central bank data showed on Tuesday. Debt stood at 38.7 trillion rupees as of June 30, 2021, up 16% ...

Western sanctions on Russia are working too well

March 7, 2022

These Russian oil pumps may have less work in the coming ...

Dollar to naira exchange rate today, 1 March 2022

March 1, 2022

Advertising Monday February 28, 2022: Here is the information on the exchange rate of the dollar against the naira at the official and black market exchange rate. Read Naija News update on official doll...

Last war in Ukraine: Kyiv defense commander says Russian forces pushed back from capital

February 28, 2022

Russia's central bank will start buying gold after a two-year hiatus as the country's domestic producers face problems accessing international bullion markets.The Bank of Russia said in a statement that it woul...

IMF: Dangote Refinery Standby Credit Facility Can Accelerate Nigeria’s Economic Recovery Process

February 18, 2022

The International Monetary Fund (IMF) noted that the non-oil sector of the Nigerian economy could be stronger, benefiting from its recent growth momentum, increased output from the new Dangote refiner...

Addressing Nigeria’s Persistent Foreign Exchange Problems

February 13, 2022

Nigeria's foreign exchange crisis has been widely attributed to the monolithic model that characterizes Nigeria's oil-dependent economy. While successive administrations have made endless speeches abou...

2023: Group urges Emefiele to participate | The Guardian Nigeria News

February 13, 2022

• I want to save Nigeria — Okorocha A coalition group, the Green Alliance, has called on the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to run for the presi...

E-invoicing, e-evaluator may mar int’l trade, according to an expert

February 7, 2022

Economist and Managing Director (CEO) of the Center for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf has called for the phasing out of e-invoicing and e-valuation systems introduced by the Central ...

CBN steps in as Super Eagles players exchange words over unpaid AFCON 2021 bonuses

February 3, 2022

The Central Bank of Nigeria came to the aid of the senior Nigeria national team camp which was embroiled in a war of words over unpaid bonuses for their participation in the 2021 Africa Cup of Nations. Ni...

Long GBP / JPY as Carry Trade theme reappears in 2022: Top Trade Q1 2022

January 11, 2022

The yen remains a popular currency in the forex markets for many reasons and in this case, it is because of its attractiveness in the "carry trade". A carry trade exists whenever you have two currencies with ...

Coup d’état: ECOWAS hits Mali with new sanctions following postponement of elections

January 10, 2022

Posted January 10, 2022 West African leaders on Sunday backed tough new sanctions against Mali, including border closures and a trade embargo, saying the military regime's delays in returning to civilian r...

Bank ETFs got off to a good start in 2022

January 8, 2022

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Still a reason behind a currency crash

December 24, 2021

FROM mid-September to the middle of this week, the Turkish Lira lost about 50% of its value against other currencies. It was bad enough that Turkish President ...

Top Headlines: WHO Warns Against Omicron; infra public health priority in 2022

December 21, 2021

Covid-19: WHO warns of fast-spreading Omicron variant The Omicron variant of the coronavirus spreads faster than the Delta variant and causes infections in people who have already been vaccinated o...

SBP to ‘pause’ after round of interest rate hikes, says Dr Reza Baqir – Markets

December 17, 2021

State Bank of Pakistan (SBP) to pause interest rate hikes to support economic recovery after raising policy rate 275 basis points since September, governor Dr Reza says Baqir. Speaking to Yvonne Man and Rish...

Sri Lanka needs ‘real depreciation’, says World Bank economist

December 9, 2021

ECONOMYNEXT - Sri Lanka will need a longer-term "real depreciation" of its currency to boost its exports, said World Bank chief economist for South Asia, making a repeated assertion nation...

[Jeffrey Sachs] It’s time to overhaul the global financial system

December 6, 2021

Human Capital

At the COP26 climate summit last month, hundreds of financial institutions said they would put trillions of dollars to work to fund solutions to climate change. Yet a major obstacle stands in the way: the glob...

MPC: Experts advise the stock market to remain bullish despite the maintenance of rates

November 27, 2021

Economy needs to grow 7-10% for Nigerians to benefit -Dr. Chizea Financial experts said stock market investment will maintain its uptrend until the end of the year despite the Monetary Policy Committee...

Asian currencies remain tightly controlled

November 9, 2021

The Central Bank of Uzbekistan's August decision to allow its currency to float was bold - its previous decision to release the som had brought it down 48% against the dollar in one day. Fortunately for the j...

The Argentine government has fixed the price of 1,432 products

October 29, 2021

October 30, 2021TIT DEFINITION madness, Albert Einstein would have said, is to do the same thing over and over and expect a different result. Argentina's Peronist government seems to find this simple rule as ...

Afghan economy collapses | The Economist

October 28, 2021

FFIRST THE the children have lost their bedridden father. Then they lost their grief-stricken mother. Then they were left to fend for themselves in western Kabul. Normally, their fate would have been tragic...

$ 7.2 billion overvalued foreign exchange reserves: IMF

October 23, 2021

The Bangladesh Bank overestimated its foreign exchange reserves by $ 7.2 billion by including non-reserve assets underestimating the associated risks, according to the International Monetary Fund. In a d...

Long positions in hedge funds and hawkish rate bets mean Kiwi has room to fall

October 17, 2021

(Bloomberg) - There is a plethora of positive news for the New Zealand dollar. All the more reason for her to be on the verge of weakening.Long positions in leveraged funds are near a three-year high, as trad...

bne IntelliNews – Political unrest triggers cycle of interest rate normalization in Romania

October 6, 2021

Hours before Prime Minister Florin Citu's cabinet fell on October 5, the National Bank of...

Pandora Papers: journalists trade in stolen goods

October 5, 2021

Former British Prime Minister Tony Blair speaks at the Hallam Conference Center in London, England in 2019. (Toby Melville / Reuters) These pr...

Five ways U.S. defaults resonate in the global economy

September 30, 2021

Washington- US lawmakers have less than three weeks to avoid default on the country's sovereign debt by raising the limit on how much the Treasury can borrow. Otherwise, the United States will deliberately ...

Central Banks Analyze Inflation Risk As Pandemic Policy Shift Begins

September 29, 2021

(Reuters) - Central banks that launched massive emergency aid to fight the pandemic last year are now forecasting a global shift in the other direction, with spreads already emerging in their perceived inflati...

Markets rally as Evergrande approaches default: it’s like an ‘old-fashioned sniff of glue’

September 25, 2021

Why are investors so relaxed right now?Last Monday, the Australian stock market had its worst trading day since February.Chinese real estate giant Evergrande was feared to explode, with debts totaling more tha...

Lebanon increases fuel prices for 2nd time in 5 days

September 22, 2021

BEIRUT (AP) - Lebanon's new government on Wednesday raised the price of fuel by 16%, the second time in five days, as part of a gradual lifting of subsidies in the crisis-stricken country.The new hike brings t...

CBN will engage criminal agencies to fight fraudsters – :::… The Tide News Online :::…

September 22, 2021

The Central Bank of Nigeria (CBN) has pledged to hire financial crime agencies to prosecute fraudsters who tricked banks with false documents to buy currency at low prices and sell at higher rates in black mar...

Sri Lankan stocks drop slightly in lackluster trading; Expected CB direction

September 21, 2021

ECONOMYNEXT - Sri Lanka's stock index fell 0.36% on Tuesday (21) in low trading volumes as investors took a wait-and-see approach and waited for central bank instructions on the rate. inte...

Zainab Ahmed: Nigeria’s featherweight finance minister

September 20, 2021

Posted September 21, 2021 Let me make an easy prediction which you can lock in the safe. Nigeria's next presidential election will not be won on how the All Progressives Congress government has managed to...

Friends from Sri Lanka take advantage of import controls, SMEs battered: Samarajiva

September 19, 2021

ECONOMYNEXT - So-called Sri Lankan cronies who take advantage of customers trapped under state control reap even more benefits from current import controls, while small businesses are wipe...

Aboki FX: speculative attacks affect value of naira, says Moghalu

September 19, 2021

Onwuamaeze dikeA former deputy governor of the Central Bank of Nigeria (CBN), Dr Kingsley Moghalu, yesterday revealed that attacks by currency speculators had affected the val...

Currency peg in Oman – Currency peg serves Oman economy well, IMF says

September 18, 2021

Muscat - Oman's fixed exchange rate regime tied to the US dollar serves the country's economy well and remains a suitable political anchor for the sultanate, the International Monetary Fund (IMF) said. â...

PTA / BTA: CBN to release EFCC on cheaters

September 18, 2021

Godwin-Emefiele * Promises to deal with illegal forex trader, keeps MPR at 11.5% James Emejo and Sonia Mayomi in Abuja Central Bank of Nigeria (CBN) Governor Godwin Emefiele yester...

CBN governor breaks hopes of BDC operators to overturn ban – Nairametrics

September 17, 2021

The governor of the Central Bank of Nigeria said the only rate he recognizes is the I&E window rate, citing that the black market rate is set by illegal exchange traders. CBN Governor Godwin Emef...

Aid funding to Afghanistan threatened with Taliban abuse and corruption

September 17, 2021

Taliban forces block roads around the airport in Kabul, Afghanistan on August 27, 2021.Limon | ReutersOne month after the fall of its US-backed government to the Taliban, Afghanistan faces crises of astronomi...

US employment hits record high as employers fight over workers

September 8, 2021

File photo: Restaurant advertising job appears to attract workers in Oceanside, California, United States, May 10, 2021. REUTERS / Mike Blake / File Photo September 8, 2021 Lucie Mutikani Washington (Reuters)...

Buenos Aires Hours | The challenge of closing the exchange rate gap

September 4, 2021

Times change, but the problems remain the same. Discussions about the exchange rate and the spread go back a long way, with a wealth of experience to learn from. In Argentina, we surely have more knowledge ...

Modern Global Monetary Theory and What It Means for Currency Market Volatility

September 2, 2021

Simply put, modern monetary theory (MMT) postulates that a sovereign country with the ability to print its own currency should do so. This theory pokes fun at the idea that growing debt of a sovereign nation ...

The Dilemma of Saving for Low Returns, Invest News & Top Stories

August 28, 2021

(NYTIMES) - If you're saving money for the future, somehow, you better be prepared to lose some of it. It is the involvement of today's upside down world in financial markets. The combination of high inflat...

HAMISH MCRAE: Earnings To Increase Due To Labor Shortage

August 28, 2021

Human Capital

HAMISH MCRAE: Labor shortages in many countries will push up wages - so expect welcome income increasesBy Hamish Mcrae, Financial Mail on Sunday Posted: 21:51 BST, August 28, 2021 | Upda...

Export: challenges of the business-to-business-to-consumer model

August 22, 2021

MEHDI RAHMAN | Posted: Aug 22, 2021 8:49:55 PM Changes take place almost daily, especially in the business arena. The FinTechs are placed at the helm of the banks, carpooling takes the place of ...

Left-wing Latin American leaders comment on Cuban crisis

July 20, 2021

Cuba is currently experiencing one of the country's biggest protests in more than six decades since Fidel Castro's communist revolution came to power. The reasoning behind these massive protests depends on the...

The seismic turning point in global finance – Opinion

July 18, 2021

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Hope for savings in the second half of 2021?

July 18, 2021

While the economy is still in a precarious state due to a combination of borderline factors of the complex and the superficial, analysts who observed the trend of events in t...

Forex Auctions Boost Industrial Development: RBZ

July 11, 2021

The Chronicle Oliver Kazunga, Senior Business JournalistThe Reserve Bank of Zimbabwe (RBZ) says that 69.3% of the US $ 1.545 billion allocated since the introduction of the currency auction system in June 2...

Sri Lanka’s Ceylon Petroleum Corporation lost 57 billion rupees in May 2021 (minister)

July 10, 2021

ECONOMYNEXT - Ceylon Petroleum Corporation, a Sri Lankan state-owned company, lost Rs 57 billion through May 2021 as prices remained fixed and also due to exchange losses related to doll...

Bank of Japan halts quantitative easing, Reserve Bank of Australia begins to shrink, Bank of Canada and Bank of England are already shrinking, amid rising shock rates and fear in emerging markets

July 7, 2021

The Fed is lagging behind, now discussing when and how to cut QE. The ECB is lagging further behind as inflation begins to rage. By Wolf Richter for WOLF STREET. The Fed is lagging behind, not the le...

Electricity, trade to support the sustainable growth of the Pak – News

July 2, 2021

The key catalyst in the medium term will be new investments in critical infrastructure The Pakistani economy has bright prospects ahead, as structural reforms under the IMF's $ 6 billion progr...

The return of the carry trade

July 1, 2021

July 3, 2021I F YOU LIKE a central bank that responds to inflation surprises by raising interest rates, and here's a retro twist, then Banco de MÃ©xico might be the one for you. On June 24, it s...

Here’s what should happen when the grants in Lebanon are lifted

June 19, 2021

For months, the fate of state subsidies for basic necessities has been one of the most important discussions in Lebanon. Nowadays, almost no day goes by without the mention of subsidies, whether by civ...

Worldly Wisdom enables world-class learning at CUHK

June 17, 2021

Pursue the love of the economy Professor Kitney received his BA and MA in Economics from the University of Sydney, where he met an eclectic group of world-renowned economists such as Professor Gerard Debreu...

Explanation: Lebanon’s financial collapse and how it happened

June 17, 2021

Human Capital

Postwar reconstruction derailed by corrupt eliteRemittances had been essential to balance Lebanon's booksThe central bank's "financial engineering" kept the collection goingGulf cut off support as Iran's inf...

A world first: Bitcoin as a national currency

June 15, 2021

A local business accepts bitcoin as a form of payment in San Salvador, El Salvador on June 9. ...

Lebanese dollar deposit plan may increase inflation, IMF says

June 12, 2021

The International Monetary Fund has said that the Lebanese central bank's decision to allow dollar depositors to withdraw funds partly in US currency risks fueling prices.Gerry Rice, spokesperson for ...

Creation, history and development of the Emirati dirham

June 8, 2021

The UAE dirham was first put into c...

RBI expands bond purchases

June 4, 2021

Mumbai: The Reserve Bank of India (RBI) on Friday expanded its bond buying program and kept key rates at record highs to support economic recovery, even as it lowered its forecast for economic gro...

Aoun acts after halt of 3,900 LBP rate withdrawals sparks uproar – Naharnet

June 3, 2021

President Michel Aoun on Thursday met with Central Bank Governor Riad Salameh and Chief Justice of the State Shura Council Fadi Elias after the Central Bank froze a circular allowing depositors to use t...

Russia’s CoviVac over 80% effective against COVID-19 -Ifax

June 2, 2021

BloombergBitcoin's easing volatility sends bullish signal for some(Bloomberg) - A lull in Bitcoin's wild swings in recent days has been seen by some as a temporary sign that the fragile digital currency may ...

WisdomTree lists Bitcoin and Ether ETPs on Euronext

June 1, 2021

Receive instant alerts when news about your stocks is available. Claim your 1-week free trial for StreetInsider Premium here. BTCW and ETHW listing on the Paris and Amsterdam stock exchangesNEW YORK, Jun...

Hryvnia weakens against US dollar on May 27 – UNIAN

May 27, 2021

The country's national currency weakened by nine kopiykas.Hryvnia weakens against US dollar on May 27 / REUTERSThe National Bank of Ukraine (NBU) fixed the official exchange rate for May 27 at 27.55 UAH per ...

Nigeria devalues naira as part of path to single exchange rate | Business and Economy News

May 25, 2021

Nigeria adopted the multiple exchange rate regime to avoid outright devaluation of the naira, but this system has drawn criticism from the International Monetary Fund.Through Emele Onu and Tope AlakeBloomber...

Namibia: a link of the common currency area

May 21, 2021

TIME AND TIME Still, the conversation about the Namibian dollar's depegmentation from the South African rand ensues, but the current times warrant the discussion to move on to the possibility of introducin...

Tether price prediction for 2021 and future forecast

April 21, 2021

Tether (USDT) - Forecast SummaryTether Forecast: 1st semester 2021Market capitalization: $ 70B - $ 80BPrice factors: USD Performance, COVID-19, Crypto Market SentimentTether Forecast: 1 yearMarket capitaliza...

RBI issues guidance for housing finance companies

March 9, 2021

Finance

The central bank said the instructions, which will take effect immediately, are aimed at preventing the business of any HFCs from being conducted in a manner detrimental to the interests of inves...

Mortgage rates near record lows, but many Americans will struggle to find a lender willing to give them a home loan