Central Bank
- World
Afghanistan’s central bank sells USD 14 million to keep local currency stable
Kabul: Afghanistan’s central bank Da Afghanistan Bank (DAB) sold $14 million by auction on Sunday to stabilise the exchange rate of the national currency afghani, the bank said in a statement released…
- India
Sri Lanka sees increase in tourism earnings in first quarter
Colombo: Amid the ongoing economic crisis, Sri Lanka has witnessed an increase from tourism earnings with around $530 million being received in the first three months of 2023, according to the latest…
- Pakistan
Pakistan’s remittances increase 4.9 pc in Feb: Central bank
Islamabad: Remittances sent by overseas Pakistani workers increased by 4.9 per cent in February on a month-on-month basis, the central bank said. The workers’ remittances recorded an inflow of $1.987 billion in…
- Business
RBI updates ‘Alert List’ of entities not authorised to deal in forex trading
Mumbai: The Reserve Bank on Friday updated its ‘Alert List’ for the public on unauthorised forex trading platforms to include names of entities/platforms/ websites which appear to be promoting such entities. In…
- World
Turkish inflation forecast to sharply decline in 2023, 2024: Central bank
Ankara: Governor of the Central Bank of Turkey, Sahap Kavcioglu announced the country’s year-end annual inflation for 2023 and 2024 is forecast to drop to 22.3 percent and 8.8 percent, respectively. “Inflation…
- Middle East
Israel raises base interest rate to 3.75%, highest since 2008
Tel Aviv: Israel’s central bank has announced an increase of 0.5 per cent in the base interest rate to 3.75 per cent, reaching the highest level since October 2008. This is the…
- World
Sri Lanka’s central bank chief to reduce interest rates in 2023
Colombo: Steps will be taken in 2023 to reduce key interest rates in Sri Lanka, said Governor of Central Bank of Sri Lanka, Nandalal Weerasinghe. Weerasinghe told media on Sunday that inflation…
- World
Turkish central bank aims to increase lira share in bank deposits
Ankara: Turkey’s central bank announced its plan to increase the share of the Turkish lira in the country’s bank deposits to 60 per cent by the middle of 2023. “Policies to be…
- Middle East
Lebanon’s central bank lifts all fuel subsidies
Beirut: Lebanon’s central bank has lifted all remaining fuel subsidies, in a move that promises a hike in prices and increased pressure on the local currency, Elnashra news website reported. Over a…
- World
Mexico’s central bank warns of rocky economic recovery
Mexico City, Aug 26 (IANS) Mexico’s economic recovery faced an uncertain environment, coupled with weakening global productive activity in the second quarter, the central bank of Mexico (Banxico) has warned. According to…
- Business
Rupee ends flat at 79.86 against US dollar
Mumbai: The Indian rupee ended flat, at 79.86, against the US dollar on Tuesday as the central bank’s intervention and foreign investors flows kept the dollar demand well filled. At the interbank…
- Middle East
Israel announces biggest rate hike in 2 decades
Tel Aviv: The Bank of Israel has announced its decision to raise its basic interest rate by 0.75 percentage points from 1.25 percent to 2 per cent, the biggest rate hike in…
- Business
RBI may hike repo rate at monetary policy meeting next week
Mumbai: The Reserve Bank of India’s (RBI) rate-setting committee is likely to hike 25-50 basis points in repo rate in the monetary policy meeting to be held between August 3-5, according to…
- World
Central banker warns Sri Lanka faces shutdown without stable government
Colombo: The governor of Sri Lanka’s central bank, Nandalal Weerasinghe, has warned that the country may shut down if no stable government is formed soon, local media reported. There is a “lot…
- Business
Sri Lanka warns public not to use cryptocurrencies amid economic upheaval
Colombo: The Central Bank of Sri Lanka has warned the public from using cryptocurrencies amid the grave economic crisis in the country, saying that this market is “largely unregulated”. The bank, CBSL,…
