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…

Forex reserve: The country’s foreign exchange reserves increased to $631 billion, there was a drop in the gold reserve

Foreign exchange reserves: The country’s foreign exchange reserves increased by $394 million to $631.92 billion in…

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…

Al Salam Bank Launches Foreign Currency Prepaid Cards Campaign | THE DAILY TRIBUNE

TDT | manama The Daily Tribune – www.newsofbahrain.com Al Salam Bank has announced the launch of…

Due to a decline in foreign currency holdings, India’s foreign exchange reserves fell by $1.425 billion.

According to Reserve Bank data released on Friday, India’s foreign exchange reserves fell by $1.425 billion…

Foreign exchange affects the market – Post Courier

BY PATRICK TOM Supply to the domestic market remains impacted by the current shortage of foreign…

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…

Russia’s large foreign exchange reserves could pose a problem for financial markets.

Russia holds vast foreign exchange reserves, much of which is held overseas, which could upset currency…

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…

Foreign currency deposits reach US$1.94 billion

By Alois Vinga Foreign Currency Accounts (FCA) deposits grew by 103.13% in 2021, according to the…

Cyril Amarcand Mangaldas advises on $500m FX climate bond issuance by Indian Railway Finance Corporation

Bombay (Maharashtra)/ New Delhi [India], February 23 (ANI/NewsSee): Cyril Amarchand Mangaldas advised the bankers on…

NTS slips on foreign exchange shortages

the herald business journalist Difficulties in obtaining foreign currency saw National Tire Services (NTS) report a…

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.…

Foreign currency, firearm and ammunition recovered from burglars

The West Rand Flying Squad enjoyed great success again when several officers responded to reports of…

North Koreans with foreign currencies seem to welcome the restart of China-North Korea freight train service

As exchange rates in North Korea soar with the restart of China-North Korea freight train service…

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…

Pressure on currency liquidity

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

Zimbabwe: Foreign Currency Sales Support Hippo Valley Revenues

Sugar processor, Hippo Valley took advantage of the policy directive allowing foreign currency sales to supplement…

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…

Foreign Currency Sales Back Hippo Valley Receipts

By Alois Vinga SUGAR processor Hippo Valley took advantage of the policy directive allowing foreign currency…

NEXON: Opinion on the recording of non-operating income (foreign exchange gain)

February 8, 2022 Company Name: NEXON Co., Ltd. Representing: Owen Mahoney, Managing Director, CEO and President…

Industry Analysis of Global Foreign Currency Exchange Platform Market Outlook, Size, Share, Growth, Trends and Forecast, 2026

The Foreign Currency Exchange Platform Market report offers a detailed investigation of the major growth enablers,…

MTB inaugurates a change stand

Mutual Trust Bank Ltd. (MTB) has inaugurated its currency exchange booth at the International Departures Terminal…

Fears of losing Libya’s foreign exchange reserves

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

How the high exchange rate boosts local leather production

With the campaign for more patronage for made in Nigeria products, many people have ventured into…

Understanding CBN’s Share of Foreign Currency Exchange (Pulse Contributor Review)

Basically, it should be noted that exchanges between currencies are divided between demand and supply, and…

BSP Financial: Forex revenue up 9.8%

Currency (FX) liquidity and the kina performed well in the last quarter of 2021, with high…

Venezuelan lawmakers accept tax on foreign currency transactions

CARACAS, February 3 (Reuters) – Venezuela’s ruling party-controlled national assembly has authorized President Nicolas Maduro’s government…

Five arrested for smuggling foreign currency out of forex-hit Sri Lanka

ECONOMYNEXT – Five Sri Lankans were arrested on Saturday (29) by the Narcotics Division of Sri…

Foreign exchange reserves decreased by $678 million amid lower foreign currency assets

The country’s foreign exchange reserves showed a drop of $678 million in the week ended January…

Dhammika’s seven-pronged strategy to overcome SL’s currency crisis – The Island

Mr Dhammika Perera, the controlling shareholder of Hayleys Group and a host of other listed companies…

In brief: Papua New Guinea’s foreign exchange reserves are growing and other business stories

The head of the bank comments on the improvement in exchange rates at the end of…

Iranian Foreign Minister Hossein Amir-Abdollahian will be in India on Monday

Iranian Foreign Minister Hossein Amir-Abdollahian will visit India on Monday, his first visit to the country…

dubai: Man caught at city airport with ₹26l foreign currency | Jaipur News

JAIPUR: Customs officers at Jaipur airport apprehended a passenger who was about to leave for Dubai…

In 2021, my country’s foreign exchange receipts and payments will be stabilized, and banks will show a “double surplus” in foreign exchange settlement and sales_Wang Chunying_Investment and financing_Cross-border

Home » Economy » In 2021, my country’s foreign exchange receipts and payments will be stabilized,…

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…

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…

WATCH | Thieves get away with stolen money from a Limpopo money changer

Three men allegedly stole an undisclosed sum of money from the Inter Africa Bureau de Change…

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…

Severe drug shortage due to currency crisis – The Island

The pharmaceutical industry contradicts the Ministry of Health Despite repeated government denials, severe restrictions hampered the…

Outlook 2021-2026 Foreign Currency Exchange Platforms Market business to rise in near future with rapid revenue growth in key industries

The Foreign Currency Exchange Platform Market report is designed keeping in mind the concerns of stakeholders…

Rising inflation, lower remittances and depletion of foreign exchange reserves

Rising inflation, lower remittances and depletion of foreign exchange reserves Bank of Nepal Rastra, Baluwatar. (File…

1.39 kg of gold and foreign currency seized at Chennai airport

No more news Jan 12, 2022 | 8:28 p.m. Thiruvananthapuram, January 12 (UNI) Kerala Chief Minister…

Maintain your foreign currency deposits! What This Bank Offers NRIs – Check Benefits, Interest, Concession & More

The Punjab National Bank (PNB) provides an opportunity through which Non-Resident Indians (NRIs) will be able…

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…

Leveraging Non-Oil Export Activities to Create an Alternative Source of Foreign Currency Supply | The Guardian Nigeria News

Division Manager, Export and Agricultural Business, Fidelity Bank Plc., Isaac Ndukwe, in this interview, explained how…

Foreign exchange reserves fell from $ 1.466 billion to $ 633.614 billion, according to Data

FCA fell $ 1.48 billion to $ 569.889 billion in report week, RBI data shows The…

Information Note on the Official Gold and Foreign Exchange Reserves of the Reserve Bank of South Africa as of December 31, 2021

PO Box 427 Pretoria 0001 South Africa 370 Helen Joseph Street Pretoria 0002 +27 12 313…

RIL’s $ 4 billion foreign exchange bond issue is India’s largest

TNN Mumbai: Reliance Industries (RIL) raised $ 4 billion in the largest sale of foreign currency…

Reliance Industries Raises $4 Billion in India’s Largest Ever FX Bond Issue

Reliance Industries Ltd announced on Thursday that it had raised $4 billion in US dollar bond…

Sharjah man detained with smuggled foreign currency in Hyderabad

Hyderabad: Customs officials at Rajiv Gandhi International Airport on Monday arrested a male passenger accused of…

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…

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…

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…

Norges Bank foreign exchange transactions in January 2022

Press release Norges Bank foreign exchange transactions in January 2022 Norges Bank will sell foreign currency…

To allow foreign currency transactions in the country via RBI, requires the body of engineers

An association of consulting engineers on Thursday urged the government not to route foreign currency transactions…

foreign currency transactions: allow foreign currency transactions in the country through RBI, requires the corps of engineers

An association of consulting engineers on Thursday urged the government not to route foreign currency transactions…

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…

Foreign exchange reserves decline from $ 160 million to $ 635.67 billion

The week before, reserves declined $ 77 million to $ 635.828 billion. The country’s foreign exchange…

Foreign exchange market report 2021, industry trends, share, size, demand and future scope – mainlander.nz

According to the latest IMARC Group report, entitled “Foreign exchange market: industry trends, share, size, growth,…

volume of foreign currency loans outstanding ?? 9.7 billion, now only 5.7% of all loans to private households

Adjusted for currency effects, outstanding foreign currency loans decreased by 17.3% or 2.03 billion euros in…

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…

SBP toughens rules on buying foreign currency – Journal

KARACHI: The State Bank of Pakistan (SBP) has changed its regulations regarding the purchase of foreign…

QNB Named Best Regional Foreign Currency Provider in the Middle East

Doha: QNB Group, the largest financial institution in the Middle East and Africa, received two awards…

QNB awarded as “Best Foreign Currency Supplier” in Qatar, Middle East by Global Finance

QNB Group, the largest financial institution in the Middle East and Africa, received two awards for…

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…

A lesson on statutes of limitations: HSBC defeats accusation of manipulation of the ECU foreign exchange market

The recent ruling in the dispute between ECU and HSBC highlights the importance of limitation periods…

India’s foreign exchange reserves fall by $ 77 million in December

India’s foreign exchange reserves edged down $ 77 million in the week ended December 10. The…

Nepal’s foreign exchange reserves fell further in the first four months of the current fiscal year – myRepublica

The country’s balance of payments deficit plunged further to 150.38 billion rupees KATMANDU, December 16: Nepal’s…

Government to raise 973 trillion rupees in loans to finance budget deficit

Throughout 2022, we will raise Sovereign Debt Securities (SBN) worth Rs 991.3 trillion or provide loans…

[Korea Contactless Technology] Development of an integrated foreign currency management system combined with an autonomous AI voice recognition robot

LOS ANGELES, CA, December 10, 2021 / 24-7PressRelease / – Contactless and social distancing are terms…

Analysis of the news: the NBE amends the directive on foreign exchange management; reveals currency allocation, priorities

National Bank of Ethiopia Photo: FBC By Medihane Ekubamichael @Medihane Addis Ababa, December 07/2021 – Earlier…