Egypt records 77% rise in remittances over 10 months: Central Bank data
Remittances are one of Egypt’s most vital sources of foreign currency, alongside Suez Canal revenues, tourism, and exports...
Tag : central bank
Singapore economists see growth of 3.6% in 2024, monetary policy remains unchanged
Singapore's central bank determines the direction of the S$NEER's policy band, which influences the value of the local currency relative to its major trading partners...
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...
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%...