foreign exchange

Oludare Mayowa Posted March 18, 2022 Many Nigerians who depend on banks to meet their foreign currency needs could face difficulties very soon as some lenders have introduced more restrictions on end-users' access to dollars through…

ISTANBUL (Reuters) - Turkish banks have raised interest rates on foreign currency deposits to nearly 3% as they seek to raise hard currency to overcome a shortage in the market due to rising demand sparked by the fall in the lira, banking…

On February 22, Israel's Ministry of Finance published a draft law for public comment to amend the regulations on joint investment trusts (offerings of units of foreign funds). These regulations regulate the listing of foreign funds for…

KARACHI: Inflows under Roshan Digital Accounts, a facility that provides banking solutions to Pakistanis abroad, amounted to $3.6 billion from September 2020 to February 2021, central bank data showed on Monday. Expats opened 365,182…

Ugo Aliogo The Chairman of Titan Trust Bank, Mr. Tunde Lemo, said that the Central Bank of Nigeria (CBN) should not be blamed for the inadequacy of forex in the country. He noted that although the CBN has!-->!-->…

Russia's ACRA rating agency estimates that the country's banks imported $5 billion worth of foreign currency notes in December, up from $2.65 billion a year earlier, as a preemptive measure in the event of…

The country's foreign exchange reserves, or forex, gained $2.198 billion to $631.953 billion in the week ended Feb. 4, according to weekly data from the RBI. In the previous week ending Jan. 28, the forex pool fell $4.531 billion to…

The government plans to use the country's foreign currency reserves to implement a $370.96 million electricity transmission project, ignoring the warning from the International Monetary Fund (IMF). State-owned Agrani Bank sent a proposal…

Through IANS…

The week before, reserves declined $ 77 million to $ 635.828 billion.The country's foreign exchange reserves declined $ 160 million to $ 635.667 billion in the week to December 17, according to data from the Reserve Bank of…

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Kenya's foreign exchange (forex) reserves fell by $ 899 million (101.16 billion shillings) in the past three months through December 9 of this year, sending the local currency to new lows. Foreign exchange reserves - key to foreign debt…

By Maneesha DulleweThe Central Bank of Sri Lanka (CBSL) last week denied allegations that a recently published gazette by it led to forced conversions of foreign currency earnings, stressing that the instructions relate to export earnings…

India's foreign exchange reserves fell $ 1.783 billion in the week to December 3, making it the second consecutive weekly decline as foreign portfolio investors remained net sellers in the equity market . Reserves stood at $ 636.905…

BRUSSELS (AP) - The European Union said Thursday he fined four major banks $ 390 million for agreeing to a cash exchange cartel that allowed them to overcome the risks inherent in foreign exchange transactions. HSBC…

Remarks / Observations The start of quiet trading shortens Thanksgiving week. Awaiting Biden's announcement of Fed chairmanship. The policy differences between the Fed and the ECB and the BOJ remain at the center of concerns. Asia…

FILE PIC: Central Bank of Kenya. / Xinhua FILE PIC: Central Bank of Kenya. / Xinhua Kenya's foreign exchange reserves fell by $ 222 million (25 billion…

Zimbabwe Revenue Authority (ZIMRA) said it has set a deadline of December 31, 2021 for all companies to voluntarily declare their inflows of foreign currency. After this date, the authority says that there will be severe penalties for…

Taipei, November 6 (CNA) Taiwan's foreign exchange reserves hit a new record at the end of October, helped by higher returns on its reserve portfolio and a weaker US dollar that made its non-dollar assets more valuable in terms of…

The country's foreign exchange reserves declined by $ 908 million to $ 640.1 billion in the week ended Oct. 22, according to RBI data. During the previous week ended Oct. 15, reserves had increased by $ 1.492 billion to $ 641.08…

The Norwegian krone and the Canadian dollar have been the best performers among the G-10 currencies in recent weeks, thanks to their strong correlation with oil prices.Against the Japanese yen - traditionally one of the currencies most…

A cashier counts US dollar bills at a bank in Hai'an, Jiangsu Province. Action will be swift to deal with any major impact of the expected Fed cut China is closely monitoring any…

According to Batu Dolay, Managing Director of Travelex Middle East and Turkey, the 2022 FIFA World Cup Qatar impacts three time frames - preparation, main event and post-event. “During the preparatory phase, we expect…

Investing India's growing foreign exchange reserves in equity funds, especially index funds, may generate higher returns, as interest rates, which have been on a downward trajectory for the past four years. decades in advanced economies…

Sri Lanka has requested a $ 500 million line of credit from India to pay for its crude oil purchases amid a severe currency crisis in the island nation. The move came days after Energy Minister Udaya Gammanpila warned that the current…

Prime News, National and International, Finance, Mumbai, October 16: - The country's foreign exchange reserves increased by $ 2.039 billion to reach $ 639.516 billion in the week ended October 8, according to RBI data. During the…

By Saikat Chatterjee, John McCrankLONDON / NEW YORK (Reuters) - The dollar hit its highest level in a year on Tuesday, following expectations from the U.S. Federal Reserve to announce a cut to its massive bond buying program next month,…

TOKYO (Reuters) - The US dollar fell below a one-year high against its major peers on Tuesday as traders awaited key US payroll data at the end of the week for get clues about the timing of a decline in Federal Reserve stimulus measures…

By Elizabeth AdegbesanTransaction volume (revenue) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange (forex) market fell 32% in nine months (January - September 2021) to $ 20.25 billion from $ 26 billion. , $…

Foreign exchange reserves in India declined to $ 638.65 billion in the week ended September 24, according to data released by the RBI on Friday. The decrease is explained by the decrease in foreign currency holdings,…

Huntsville High School teacher Heather Schroeder led the first meeting…

KUALA LUMPUR: A businessman, his relatives and friends lost around 12 million RM after a foreign exchange (forex) program they had invested in suddenly!-->…

AMRITSARSix unidentified gunmen robbed an owner of an approximately ??16 lakh in Indian and foreign currency at gunpoint in Amritsar on Sunday. The outlet is just 100 meters from Sultanwind Chowk Police Station. The incident took place…

The United Bank of Africa (UBA) released the names of customers who the bank said received foreign currency under a false pretense and have since refused to return the money. The three names released on…

The Central Bank of Nigeria (CBN) has requested support from the International Air Transport Association (IATA) to curb “ticket hire” in Nigeria. Ticket rental is a nefarious activity where…

Posted September 21, 2021 Central Bank of Nigeria spokesman Osita Nwanisobi criticized allegations in some quarters about the resignation of CBN Governor Godwin Emefiele on issues relating to the exchange rate of the naira. In a…

The USD-INR parity has moved little over the past week despite the volatility of the Dollar index; after opening at 73.60, the pair traded between 73.35 and 73.74 before ending the week at 73.48. The DXY was up 0.63% in a week dominated…

Seminar Facilitator Peter Kinjap said Papua New Guinea can be a member by registering online. “Basically they can go online, find their brokers, register and enter their credentials,” Kinjap said. Mr.…

The Central Bank of Nigeria (CBN) is investigating Oniwinde Adedotun, the founder of abokiFX, TheCable has learned. Sources within apex bank told TheCable on Thursday evening that Adedotun and abokiFX Limited are currently…

The enthusiasm for the entry into force of the long-awaited Petroleum Industry Law has sparked a new wave of optimism that the planned wave of investment in the petroleum sector and the planned removal of fuel!-->!-->…

Key points to remember Andre Cronje posted a blog post detailing his new DeFi business, Fixed Forex. Fixed Forex allows users to strike and trade various fiat pegged stablecoins by providing collateral. The final version of Fixed Forex…