Central Bank
- 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…
- 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,…
- World
Sri Lanka reduces amount of holding foreign currency
Colombo: The Central Bank of Sri Lanka on Saturday announced that the amount of foreign currency an individual can hold has been reduced from $15,000 to $10,000. The central bank said the…
- World
Sri Lanka defaults on debt for first time in its history
Colombo: Sri Lanka has defaulted on its debt for the first time in its history as the country struggles with its worst financial crisis in more than 70 years, BBC reported. It…
- World
Sri Lanka decreases limit of foreign currency people can hold to USD 10,000
Colombo: Sri Lanka’s Central Bank on Thursday decided to substantially decrease the limit of foreign currency a person can hold in his possession to USD 10,000 from USD 15,000 as the forex…
- World
All Russian gold from foreign exchange reserves is within country: Central bank
Moscow: The Central Bank of Russia stated that all Russian gold from the national gold and foreign exchange reserves is located on the territory of the country. “All the gold from our…
- Business
We see clear advantages in a central bank driven digital currency”: Nirmala Sitharaman
Bengaluru: Union Finance Minister Nirmala Sitharaman on Tuesday said the ‘Digital Rupee’ is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages…
- Pakistan
Pakistan central bank subordinated to IMF: Jamaat-e-Islami chief
New Delhi: Sirajul Haq, chief of the Jamaat-e-Islami (JI), has announced an anti-government movement, saying that the State Bank of Pakistan (SBP) is no longer in its control, rather it has been…