Revisiting the CBN Retail Foreign Exchange Policy

Oludare Mayowa Posted March 18, 2022 Many Nigerians who depend on banks to meet their foreign…

Russia stoking fears of first currency default in over a century

Russian Finance Minister Anton Siluanov said on Wednesday it was up to the United States to…

Reason for the rise in currency holdings despite the sale of dollars

India’s currency stack unexpectedly soared by $634 million in a week, which may have required significant…

Georgia’s central bank sells $39.5 million in currency auction

The National Bank of Georgia (NBG) offered USD 50 million at Wednesday’s currency auction of which…

FIRS grants a one-month concession to taxpayers allowing the settlement in naira of unpaid tax debts denominated in foreign currencies

Key points to remember • The FIRS grants a one-time concession to taxpayers with tax obligations…

Russian ruble continues to slide on currency restrictions

The Russian currency continued its descent on Wednesday as trading in the ruble resumed on the…

Sri Lanka’s debt crisis persists as foreign currency reserves fall

(Bloomberg) – Sri Lanka is effectively devaluing its currency as its foreign exchange reserves dwindle, potentially…

Colombo Port City will pull Sri Lanka out of currency crunch – Reuters

Senior officials say the economy will start reaping the…

Poland to sell foreign currency in bid to boost beaten zloty

(Bloomberg) – Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to…

Fitch Confirms Pakistan’s Foreign Currency Long-Term IDR at ‘B-‘ with Stable Outlook

March 01, 2022 (MLN): Fitch Ratings, in its latest report released yesterday, affirmed Pakistan’s long-term foreign…

Russian Foreign Minister cancels trip to UN in Geneva due to EU airspace ban

The United States is taking immediate action on Monday to ban U.S. dollar transactions with Russia’s…

Coping with Lanka’s currency crisis | Print edition

Public. There are many debates these days about why Sri Lanka should or should not seek…

Pakistani government ‘plans’ to borrow people’s gold for currency crisis

The government led by Prime Minister Imran Khan is considering a proposal to borrow…

Banks are required to submit daily currency monitoring reports to the BB

SIDDIC ISLAM | Published: February 18, 2022 8:31:04 a.m. | Update: February 18, 2022 9:55:46 p.m.…

SBP reserves fall from $241m to $17.09bn

CARACHI: Foreign reserves held by the central bank fell 1.4 percent on a weekly basis, according…

Foreign Exchange Currency Volume/Dinar

CURRENCY/DINAR EXCHANGE MARKET VOLUME FEBRUARY 2022 in MTD…

CBN to stop selling currencies to banks by end of 2022, days after IMF told it to ditch exchange rate

The Central Bank of Nigeria has announced its intention to stop selling foreign exchange to commercial…

Nigerian Banks Must Source Foreign Currency Themselves as CBN Plans to Stop Selling Currency to Banks

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has announced that the CBN…

Pressure on currency liquidity

Despite a significant improvement in macroeconomic indicators over the past five years, foreign exchange liquidity remains…

Kazakh state sells $1.3 billion worth of foreign currency on domestic market in January By Reuters

© Reuters. ALMATY (Reuters) – Kazakhstan’s central bank and state-owned enterprises sold a total of $1.283…

Fears of losing Libya’s foreign exchange reserves

Economists fear a depletion of foreign exchange reserves in Libya as a result of high rates…

The Thai baht dominates Asian currencies; Philippine peso slides as inflation falls

BENGALURU (4 Feb): Most Asian currencies strengthened on Friday (4 Feb) against an overall weaker US…

Pacific foreign exchange reserves: increase during the pandemic

Many, but not all, developing countries have suffered a loss of foreign exchange reserves as a…

Economic Survey, 2022: India’s foreign exchange reserves swell to US$634 billion

News oi-Kuntala Sarkar | Posted: Monday January 31st 2022, 11:30 PM [IST] Economic survey of India…

Tourist hotels in Sri Lanka have been told to only accept payment in foreign currency

ECONOMYNEXT – Tourists visiting Sri Lanka are encouraged to pay for hotels in foreign currencies instead…

Venezuelan state-owned companies quadruple their currency sales to the central bank

CARACAS, Jan 21 (Reuters) – Sales of foreign currency by Venezuela’s state-owned companies, including oil producer…

Non-residents will now have to pay in foreign currency for services in Sri Lanka, central bank says: The Tribune India

PTI Colombo, January 20 Tourists traveling to Sri Lanka will now have to pay for their…

SBP reserves drop from $562m to $17.04bn

CARACHI: Foreign reserves held by the central bank fell 3.2 percent on a weekly basis, according…

Erdogan urges Turks to sell foreign currency for liras

President Recep Tayyip Erdogan has urged Turks to sell foreign currency for lira to improve the…

Tourist establishments invited to accept only foreign currencies

Registered tourist establishments have been instructed to only accept foreign currency for services rendered to persons…

Corporate tax exemption granted to companies trading foreign currency

Corporate tax exemption granted to companies trading foreign currency In order to avoid foreign currency fluctuations…

DeFinity Records World’s First Live Cash Foreign Exchange (FX) Transaction On Its Layer 1 Blockchain Without Authorization

LONDON, January 12, 2022 / PRNewswire / – DeFinity, an ECN and DeFi institutional digital asset…

Sri Lankan opposition politician hit by fake quote on currency crisis

Copyright AFP 2017-2022. All rights reserved. The Facebook posts claim to share a quote from the…

CBSL issues clarification to clear up confusion over forced foreign currency conversion

Central Bank Statement Recent rules issued by the Central Bank of Sri Lanka (CBSL) regarding the…

Government promises to encourage foreign exchange firms to increase supply of foreign currency

KARACHI: The government was planning to offer an incentive discount to foreign exchange companies to attract…

CIBC Exchange Rate Forecast 2022-2023

Short-term gains, but the US dollar is expected to peak in 2022 Euro on the defensive…

The Central Bank to put online foreign exchange applications

Barbados banks and their customers will soon be able to transact in foreign currencies more quickly.…

Russia continues to stockpile gold and foreign currency

The country holds the fifth largest foreign currency reserves Russian currency holdings rose 0.7% in the…

Pakistani Foreign Minister Qureshi “insults” Saudi ambassador, South Asia News

Pakistani Foreign Minister Shah Mahmood Qureshi was berated on social media for his posture during the…

Turkey wants to make the pound more attractive than foreign currencies

ISTANBUL: Turkey’s central bank has said it will prioritize measures to encourage savers to use lira…

BSP approves changes to phase 2 of the foreign currency deposit system

MANILA – The Bangko Sentral ng Pilipinas said on Thursday that the Monetary Council approved the…

Sri Lanka increases its foreign exchange reserves thanks to the lifting of the Chinese swap

Colombo, Dec.29 (Reuters) – Sri Lanka raised its official foreign exchange reserves to around $ 3.1…

Foreign currency purchase from Qatar exchange houses, moderate sale in 2020: QCB

The buying and selling of foreign currency by Qatar’s exchange offices moderated further in 2020, the…

Qatar exchange houses’ foreign currency buying and selling to moderate in 2020: QCB

The buying and selling of foreign currencies by Qatar’s exchange offices moderated further in 2020, the…

CBSL increases mandatory currency sales to 25% – The Island

With deteriorating foreign exchange reserves By Hiran H. Senewiratne The Colombo Stock Exchange (CSE) is in…

To review exchange rate policy in 2020, group begs CBN – Blueprint Newspapers Limited

The Center for the Promotion of Private Enterprise, an economic think tank, advised the Central Bank…

SBP’s reserves drop from $ 415 million to $ 18.15 billion

KARACHI: Foreign exchange reserves held by the central bank fell 2.23% on a weekly basis, according…

Press Release on TL Settled Currency Forward Sales to Importing and Exporting Companies (2021-61)

Press Release on TL Settled Currency Forward Sales to Importing and Exporting Companies December 21, 2021…

NRB tightens the noose on the import of luxury goods amid declining foreign currency reserves – myRepublica

KATMANDU, December 21: Nepal Rastra Bank (NRB) asked selected luxury goods importers to maintain one hundred…

Sri Lanka’s Currency and Remittance Dynamics – The Island

By Bilesha Weeraratne Written before International Migrants Day on December 18, 2021 Despite the pandemic and…

Online loans: When fraudsters, hackers pose as money lenders

• Whenever my phone rings, I flinch in dread and despair –Anurika • I don’t care…