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Currency convertibility
More Sri Lankans switch to hawala as money printing drives parallel exchange rates
ECONOMYNEXT - Sri Lankan migrant worker Sampath * is now determined to send his salary from Dubai to his family via hawala, a traditional net settlement system that has facilitated trade for centuries. “Last week I…
BQ Learning: Understanding the Convertibility of the Capital Account
How does this help?Essentially, it facilitates the flow of funds from capital-rich advanced economies to low-capital emerging market economies. By broadening the global investor base, capital account convertibility can help improve the…
Paperwork costs Zim 100 MW… IPP funding agreements risk being canceled
MTHANDAZO NYONIAPPROXIMATELY eight renewable energy projects with a combined capacity of 100 megawatts (MW) failed due to Treasury delays in signing an independent power producer (IPP) implementation agreement, business summary heard…
Bank of Canada should issue digital currency: CD Howe Institute
Bank of Canada says it's looking into digital currency (REUTERS / Blair Gable)As cryptocurrencies gain popularity, the CD Howe Institute said the Bank of Canada should issue a digital dollar to take advantage of advances in payments…
IMF warns against adoption of Bitcoin by El Salvador
By Elise Hansen (Nov 23, 2021, 4:26 p.m. EST) - El Salvador's recognition of Bitcoin as legal tender creates risks to consumer protection as well as the country's financial stability, and it should consider taking swift action to…
Peru partners with India, Singapore and Hong Kong to develop CBCD – Blockchain News, Opinion,…
Peru's central bank president Julio Velarde said the country would join forces with India, Singapore and Hong Kong to develop its own central bank digital currency (CBDC). Peru has decided to partner with the central banks of these…
Nigeria in 1min: Economic, Commercial and Financial News
Monday 22 November 2021/6 a.m. / By News Aggregator / Header Image Credit: FACOVID-19 Health UpdatesNovember 20, 2021: Nigeria's COVID-19 Status in 36 States and the Federal Capital TerritoryConfirmed: 213,532 cases (New:…
The monetary and fiscal challenges of cryptocurrency
The ongoing technological revolution means that “digital money” - a manifestation of which is cryptocurrencies - is upon us. Microeconomic tradeoffs are well known and have been debated. Digital currencies have the potential to drive…
Asian currencies remain tightly controlled
The Central Bank of Uzbekistan's August decision to allow its currency to float was bold - its previous attempt to free the som in 2017 saw it fall 48% against the dollar in a single day. Fortunately for the job security of President of…
Digital euro should be attractive but not ‘too successful’, says ECB’s Panetta
The digital euro should be an attractive means of payment, but its design should prevent it from becoming such a popular store of value that it threatens banks and private money, according to Fabio Panetta, a senior executive in the…