UAE Islamic banks record 5% increase in assets in 2020: Central Bank
The investment represents around 19% of the total banking assets...
Tag : central bank
Amidst currency crisis Turkey sells gold
The World Gold Council stated that the central banks were the net buyers of the precious metal...
Kenya seeks to tighten regulatory reign over digital payments
t Safaricom controls 98% of the country’s mobile money market, while Airtel Money and other money providers account for just 1.2%...
British banks prepare for negative interest rates
For now, the the central bank has avoided falling into negative interest rates; former governor urges people to stash money at home...
CIB slumps as chairman steps down under central bank orders
Former chairman Hisham Ezz al-Arab was urged to step down from his position over governance concerns...
Bank of Japan urges central banks to understand the nuances of digital currency first
The bank emphasises the importance of understanding digital currencies and the consequences of issuing them...
South Africa to restructure GDP data September onwards
The start year for calculating GDP will be updated to 2015 from the existing year of 2010...
Brazil proposes banking bill in case of financial crisis
Central bank proposed the bill which will mandate the use of public funds to bailout financial firms...
Bank of Thailand to use monetary policy to fight economic downturn
The central bank cut borrowing costs to 1.25 percent earlier this month...
Islamic Banking regulations approved by the government of Uganda
The Central Bank will soon publish the new approved regulations...