Bank of Uganda cuts key lending rate again, indicates reduction in inflationary pressures
The rate of inflation in services decreased from 6.2% in August to 5.8% in September...
Tag : central bank
Is global financial system failure-proof?
Smaller emerging economies with significant debt and declining repayment capacity have the most unstable banks...
Naira’s value falls further as parallel market exchange rates widen
In 2023, the naira experienced its worst-ever performance on the illicit market, reaching 1,000 to the dollar...
Egypt’s current account surplus increases amid Moody’s setback
Egypt's first surplus in years was recorded from October through December 2022, totalling USD 1.40 billion...
IF Insights: CBDCs are the new craze in the world of digital currencies
CBDCs are envisioned to provide households, consumers, and businesses with secure means of exchanging digital currency...
Cardless cash withdrawal from ATMs soon
Cashless withdrawal will curb frauds, cloning, card tampering etc...
Bahrain Centra Bank debuts JPM Coin remittance trial
The Central Bank of Bahrain teamed up with Onyx to test the Wall Street giant’s JPM coin...
Bank Indonesia to reduce liquidity in 2022 and keep rates low until inflation rises
The bank forecast the economy to expand between 3.2% and 4%...
UAE Islamic banks record 5% increase in assets in 2020: Central Bank
by WebAdmin
The investment represents around 19% of the total banking assets...
Amidst currency crisis Turkey sells gold
The World Gold Council stated that the central banks were the net buyers of the precious metal...