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Currency convertibility
Swadeshi Jagran Manch calls for crypto trading ban
The law relating to the issuance of digital currency by the Reserve Bank of India should be framed "expeditiously" and the Central Bank's digital currency (CBDC) considered to be legal tender, said Swadeshi Jagran Manch (SJM) at the…
Argentina, a time bomb
Alberto Fernandez and Martin Guzman in 2021, Fernando de la Rua and Domingo Cavallo in 2001. Joaquin Tèmes Twenty years have passed since Argentina imploded in what has been its worst social and political crisis,…
Money is dying, but we’re not ready to bury it
The disappearance of cash is near. As consumers, however, we must hope that the end does not come too soon.It is not the pandemic that ends the existence of this popular payment method. All COVID-19 has done is accelerate a trend…
Russia’s central bank, like China, wants to ban cryptocurrencies nationwide
RIO DE JANEIRO, BRAZIL - Russia plans to introduce a prototype digital ruble issued by the central bank by January 2022, and freely tradable and uncontrollable cryptocurrencies such as Bitcoin and others are therefore undesirable. They…
Too much ‘unusual’ power vested in BPNG governor – The National
The Independent Advisory Group was commissioned by the government to review PNG's 2000 Central Bank Act. It is chaired by Robert Igara, who is Chancellor of the University of Papua New Guinea and former Chief Secretary, when the Central…
(LEAD) South Korea aims to submit candidacy to join CPTPP during finance minister Moon presidency
(ATTN: ADD more details from paragraph 14, photo) SEOUL, Dec.15 (Yonhap) - Finance Minister Hong Nam-ki said on Wednesday that South Korea intends to submit an application to join an Asia-Pacific mega free trade agreement before the end…
Central Bank sells $ 372 million in November to defend rupee
A record in recent years, which reflects the liquidity crisis in SL currencies currently in The rupee came under heavy pressure from June of this year, when expected inflows started to dry up. CB has a fixed exchange rate of Rs.!-->…
Five decades of meteoric rise to growth
Asjadul Kibria | Posted: Dec. 11, 2021 10:08:07 p.m.Bangladesh is celebrating 50 years of independence and there are many events taking place in Victory Month, December to be precise, to mark the celebration. An important…
Sri Lankan business leaders bemoan currency shortage amid printing money
ECONOMYNEXT - Sri Lankan business leaders have said business activities have been disrupted by currency shortages from an unreliable 200-per-US dollar peg to which the central bank no longer offers full convertibility.…
Hours of Buenos Aires | 2001 to 2021: time bomb
Twenty years have passed since Argentina imploded in what has been its worst social and political crisis, at least in modern times. The besieged nation defaulted on a US $ 96 billion loan, failed to secure support from the United States…