Oludare Mayowa Posted March 18, 2022 Many Nigerians who depend on banks to meet their foreign…
Tag: foreign exchange
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…
Foreign Exchange Services Market Development by Outlook 2022 Companies – Inc, GAIN Capital, Citibank, American Express Company, Western Union Holdings and Bank of America Corporation
The recent document on the Exchange services market offers a statistical overview of key aspects of…
Foreign exchange software market analysis by 2022-2029
New Jersey, United States,- we published research papers for “Global Foreign Exchange Software Market Report, Trends…
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…
Currency forecasts for the next 6-12 months: Westpac FX update
Westpac Investment Bank Foreign Exchange Rate Forecast 2022-2023 – March 2022 Update There is a high…
The gross foreign exchange reserve fell by 16.2%
The gross foreign exchange reserve fell by 16.2% KATHMANDU: The gross foreign exchange reserve decreased by…
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…
Korean companies exposed to foreign exchange losses
Korean companies face foreign exchange losses as the Russian government and their Russian business partners would…
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…
Weak Currency Orders: Fleming
BY MELISHA YAFOI The sharp and rapid increase in fuel prices over the past 6 months…
Are you going abroad? Here’s how to buy foreign currency without paying a fortune in fees
The time has finally arrived – after almost two years of closed international borders, we will…
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 software market size 2022-2029
New Jersey, United States,-Global Foreign Exchange Software Market Size, Status and Forecast 2022-2028. This research report…
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…
Global Foreign Exchange Services Market 2021 Segment Analysis by Major Key Players – American Express Company, Western Union Holdings, Inc, Capital One Financial Corporation
Global Foreign Exchange Services Market from 2021 to 2027 has a new research paper from MRInsights.biz.…
Foreign Minister briefs French senators on Sri Lanka’s current challenges
* Foreign Minister briefs French senators on Sri Lanka’s current challenges Thu, February 24, 2022, 11:55…
Sri Lanka imposes power cuts as currency crisis deepens, Energy News, ET EnergyWorld
COLOMBO: Sri Lankan authorities are imposing staggered power cuts as the country continues to suffer the…
NTS slips on foreign exchange shortages
the herald business journalist Difficulties in obtaining foreign currency saw National Tire Services (NTS) report a…
Sri Lanka runs out of cash to buy fuel as currency crisis deepens
Earlier this month, Sri Lanka purchased 40,000 metric tonnes of diesel and gasoline from India’s major…
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…
Foreign Exchange Services Market Development, Growth, Trends, Demand, Share, Analysis and Forecast 2026
Global Foreign Exchange Services Market research report’s latest addition to…
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…
Finsure confirms deal with foreign exchange fintech
The partnership will introduce a new avenue for the aggregator’s broker network to move money overseas.…
2022 Most Favorable Currency Asset Management in Asia-Pacific with Recognition from Authoritative Institutions in China. “BAYBANNFA Ltd has been invited to the CIBN funding show twice”
The global economy and finance will slowly return to normal in 2022, and China is expected…
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…
Foreign exchange reserves are depleting alarmingly
Foreign exchange reserves are depleting alarmingly Reserves can only support imports for six and a half…
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…
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…
Fears of losing Libya’s foreign exchange reserves
Economists fear a depletion of foreign exchange reserves in Libya as a result of high rates…
Allegation of disappearance raised to pursue interests by exerting pressure: Minister of Foreign Affairs
Statements by the Minister of Foreign Affairs on the alleged enforced disappearances: Many countries are eager…
BSP Financial: Forex revenue up 9.8%
Currency (FX) liquidity and the kina performed well in the last quarter of 2021, with high…
bne IntelliNews – Romania’s foreign exchange reserves up 8.2% in December-January
The foreign exchange reserves of the National Bank of Romania (BNR) increased by 2.6 billion euros…
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…
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…
Foreign exchange reserves fall to 634.287 billion dollars
The country’s foreign exchange reserves shrank by $678 million to $634.287 billion in the week ending…
JPMorgan Chase, Citibank, Deutsche Bank, Barclays – The Oxford Spokesperson
Research experts from MRI Accuracy Reports have written a brand new report on Exchange which will…
Competitive Dynamics and Global Outlook 2026
Growth forecast on the ‘share of the size of the foreign exchange market | Industry Segment…
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,…
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…
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…
Forex firm revenue rises during lockdown – ARAB TIMES
WhatsApp Facebook Twitter E-mail Messenger KUWAIT CITY, Jan. 17: According to official figures, foreign exchange companies…
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…
Sri Lanka’s currency crisis is aggravated by China’s debt trap diplomacy
NNA | Update: January 13, 2022 01:05 STI Colombo [Sri Lanka], Jan 13 (ANI): Sri Lanka’s…
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…
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…
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…
Iranian government plans to reduce subsidies to foreign exchange trade rat …
(MENAFN) On Sunday, the Iranian parliament approved the major frameworks of the national budget bill for…
Chinese Foreign Minister Wang Yi to visit Sri Lanka amid currency crisis
Chinese Foreign Minister Wang Yi is due to arrive in Sri Lanka on Saturday for a…
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…
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…
China’s foreign exchange reserves reach $ 3.25 trillion, peaking in 6 years
A staff member counts the banknotes at a bank in Qionghai, southern China’s Hainan province. (Photo:…
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…
Foreign Exchange Margin Trading Market Size, Scope, Forecast to 2029
New Jersey, United States, – The latest report published by Verified Market Reports shows that the…
2021 Foreign Exchange Software Market Size Analysis by Major Key Players
New Jersey, United States, – The Global Currency Exchange Software Market report comprises an in-depth analysis…
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…
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…
Norges Bank foreign exchange transactions in January 2022
Press release Norges Bank foreign exchange transactions in January 2022 Norges Bank will sell foreign currency…
Chinese Foreign Minister to visit Maldives, Sri Lanka to strengthen ties
Chinese Foreign Minister Wang Yi will visit the Maldives and Sri Lanka early next month as…
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…
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…
Pakistan’s foreign exchange reserves run out in IMF deadlock
Pakistan’s foreign exchange reserves exhaust IMF deadlock | Photo credit: iStock Images Pakistan’s foreign exchange reserves…
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…
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,…
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…
OFX to Acquire 100% of Canadian Firms Foreign Exchange Business Firma Foreign Exchange Corporation (Firma) | Business
SYDNEY – (BUSINESS WIRE) – Dec. 20 2021– OFX Group Limited (OFX) today announced that it…
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…
Wells Fargo and HSBC to Use Blockchain for Interbank Currency Settlement
Wells Fargo and HSBC Bank have revealed plans to use a blockchain platform to clear and…
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…
Size, development, key opportunity, application and forecast of the Interbank Foreign Exchange industry market till 2026
The research and analysis conducted in the Foreign Exchange Interbank Currency Exchange market report helps clients…
India to earn 1,142 crore in foreign exchange by launching foreign satellites on commercial basis
India would earn around 132 million euros (Rs 1,142 crores) from launching foreign satellites on a…
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…
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…