Banking and Finance MagazineIs global financial system failure-proof?IFM CorrespondentOctober 18, 2023October 19, 2023 by IFM CorrespondentOctober 18, 2023October 19, 2023 Smaller emerging economies with significant debt and declining repayment capacity have the most unstable banks... Read more
Currency FeaturedNaira’s value falls further as parallel market exchange rates widenIFM CorrespondentOctober 13, 2023October 12, 2023 by IFM CorrespondentOctober 13, 2023October 12, 2023 In 2023, the naira experienced its worst-ever performance on the illicit market, reaching 1,000 to the dollar... Read more
Featured FinanceEgypt’s current account surplus increases amid Moody’s setbackIFM CorrespondentOctober 10, 2023 by IFM CorrespondentOctober 10, 2023 Egypt's first surplus in years was recorded from October through December 2022, totalling USD 1.40 billion... Read more
Currency FeaturedIF Insights: CBDCs are the new craze in the world of digital currenciesIFM CorrespondentApril 27, 2023 by IFM CorrespondentApril 27, 2023 CBDCs are envisioned to provide households, consumers, and businesses with secure means of exchanging digital currency... Read more
Featured FinanceCardless cash withdrawal from ATMs soonIFM CorrespondentApril 12, 2022April 12, 2022 by IFM CorrespondentApril 12, 2022April 12, 2022 Cashless withdrawal will curb frauds, cloning, card tampering etc... Read more
Banking FeaturedBahrain Centra Bank debuts JPM Coin remittance trialIFM CorrespondentJanuary 10, 2022 by IFM CorrespondentJanuary 10, 2022 The Central Bank of Bahrain teamed up with Onyx to test the Wall Street giant’s JPM coin... Read more
Banking FeaturedBank Indonesia to reduce liquidity in 2022 and keep rates low until inflation risesIFM CorrespondentNovember 24, 2021November 24, 2021 by IFM CorrespondentNovember 24, 2021November 24, 2021 The bank forecast the economy to expand between 3.2% and 4%... Read more
Featured Islamic FinanceUAE Islamic banks record 5% increase in assets in 2020: Central BankWebAdminJune 21, 2021June 21, 2021 by WebAdminJune 21, 2021June 21, 2021 The investment represents around 19% of the total banking assets... Read more
Economy FeaturedAmidst currency crisis Turkey sells goldAshwini sekarApril 8, 2021 by Ashwini sekarApril 8, 2021 The World Gold Council stated that the central banks were the net buyers of the precious metal... Read more
Banking FeaturedKenya seeks to tighten regulatory reign over digital paymentsInternational Finance Business DeskFebruary 2, 2021 by International Finance Business DeskFebruary 2, 2021 t Safaricom controls 98% of the country’s mobile money market, while Airtel Money and other money providers account for just 1.2%... Read more