Local currencies

Bangladeshi mills put forward seven points at a meeting with the International Cotton Association on Thursday, calling for changes in cotton regulations to ensure equal treatment for buyer and seller of cotton. The points included the…

Recklessly late, it has climbed much faster than forecasters even imagined a few months ago: 125 basis points in two meetings and promising more. By Wolf Richter for WOLF STREET. The ECB announced today that it will increase its…

The crypto market is full of different crypto instruments. On average, there are at least 12,000 cryptocurrencies for a crypto investor to consider. Of these, many people are widely familiar with a handful. Comparing the figure with…

Bangladesh Bank has launched instant interbank foreign exchange transactions through an online Real-Time Gross Settlement (RTGS) system. Banks mainly clear and settle in US dollars, British pounds, Euros, Canadian dollars and Japanese yen…

LONDON, Sept. 01, 2022 (GLOBE NEWSWIRE) -- The multi-award winning international travel gift card and online…

KARACHI: The US dollar fell to 220.12 Pakistani rupees (PKR) on Tuesday after the International Monetary Fund (IMF) approved the transfer of $1.1 billion to the country under the Extended Financing Facility (EFF) . The rupee…

US Dollars and Ghanaian Cedi Mr. Kwadwo Bamba, a businessman and youth activist from the ruling New Patriotic Party (NPP), called for tough government measures to deal with the growing depreciation of the cedi. “It!-->!-->…

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The Plaza Hotel in New York, in financial circles, is best known for when the finance ministers of France, Japan, the United Kingdom, the United States and West Germany met met in 1985 to suspend the free float of the US dollar.…

Dynamics of exchange rates with a strong dollar. Getty Images A strong dollar is ideal for businesses that import products or parts and a strong dollar is good for the international traveler. However, the negative…

By Adedapo Adesanya Oil prices ended in the positive zone on Friday but saw a weekly decline on a stronger US dollar and fears that an economic slowdown would weaken demand for crude. Brent crude futures gained 13 cents to…

The presidential panel that probed Ibrahim Magu said the compromised cases under the watch of the former acting chairman of the Economic and Financial Crimes Commission (EFCC) were estimated at 333 billion naira, $2 billion…

Last week, the Commodity Futures Trading Commission (CFTC) ordered gaming site PredictIt to cease operations for failing to follow guidelines. BeCrypto has collected some of the most important stories from the crypto industry in recent…

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OpenNode in partnership with Launch Cart launched a new Bitcoin payment service on Lightning Network dedicated to e-commerce businesses. Bitcoin and Lightning Network for e-commerce: the new service from OpenNode and Launch Cart…

The Philippines' gross international reserves (GIR) fell for the fifth consecutive month and fell below $100 billion to $98.8 billion at the end of July, but seasonally high inflows of Filipino workers to Overseas (OFW) as well as the…

Comment this storyCommentThe battle for Asia's preeminent financial institution will be fought with the Federal Reserve supplying ammunition to both sides. How much each can profit from US monetary tightening could ultimately decide…

Continued inflows of foreign funds into capital markets, lower crude oil prices and weak US dollar in global markets are boosting the local currency Continued inflows of foreign funds into capital markets, lower crude oil prices and…

Identifying Nigeria's problems without mentioning corruption is corruption itself. Corruption issues have been a major element in winning and losing elections in this country. The promise to root out corruption…

A sign hangs at a branch of Banco Santander in London, UK, Wednesday February 3, 2010.Simon Dawson | Bloomberg via Getty ImagesSantander said Thursday that its second-quarter net profit rose 14% from the same period a year ago, boosted by…

Latest ETF newsVisit our ETF Hub to learn more and explore our in-depth data and comparison toolsEmerging market exchange-traded funds have diverged sharply this year, with vehicles focused on major commodity exporters weathering the…

However, the government can revise its excessively revenue-oriented policies to fight inflation and stimulate domestic demand. Topicsinflation | Indian!-->…

BY HARRIET CHIKANDIWA/PRIDE MUZARABANIUNDERFIRE Finance Minister Mthuli Ncube dodged the Senate on Thursday after being summoned to deliver a ministerial statement on the currency crisis, gold coins and the state of the economy. Senate…

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Some blame the increase - which will no doubt affect Egypt's position in the famous Big Mac index - on chicken prices, but this seems not to be the case as the cost of chicken has fallen slightly recently. The recent evolution of the…

COLOMBO: Sri Lanka is in the midst of a deep and unprecedented economic crisis that has sparked huge protests and seen its president resign after fleeing the country - but other countries could be at risk of similar problems, according to…

LONDON, July 14 (Reuters) - Shares in emerging markets investment firm Ashmore (ASHM.L) fell to their lowest level in 13 years on Thursday after reporting a much larger than expected exodus of 6.6 billion of its funds after a torrid few…

NEW DELHI: The RBI aims to de-dollarize global trade and the Indian economy, Motilal Oswal Financial Services said in a report. In another move aimed at supporting the currency, the RBI on Monday allowed international trade settlement in…

As inflationary panic gives way to fears of a global recession, emerging market investors are also turning to countries where interest rates are still low.Investors bought local bonds from Indonesia and Thailand,…

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The outlook for the pair is still bearish even after forming a morning star pattern. Bearish viewSet a sell limit at 0.6197 and a take profit at 0.6127.Add a stop-loss at 0.6242.Lead time: 1-2 days.Bullish viewSet a buy-stop at 0.6197 and a…

By Chinwendu ObienyiWith rising crude oil price coupled with a weak macroeconomic environment, financial experts say they expect FX liquidity conditions to remain under pressure as foreign portfolio inflows remain weak and rising Foreign…

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Like most emerging market (EM) countries, the Southeast Asian region has come under downward pressure from global inflation fears and the rising dollar. Rate hikes by the US Federal Reserve could shake the armor of the…

When Ghana lost access to international credit markets late last year, it was a foreboding of the debt problems that awaited the developing world. The battle against COVID-19 has left governments vulnerable, burdening them with massive…

Russian President Vladimir Putin, left, and Chinese President Xi Jinping pose as they meet in Beijing on February 4. — Agence…

Karina Mata Farinamarketing manager at Boa Compra by PagSegurodetails the main trends, opportunities and challenges for the e-commerce and payments landscape in Latin America in 2022.As local economies recover from the pandemic…

Photo BRICS: VCG In a keynote speech at the opening ceremony of the BRICS Business Forum on Wednesday, Chinese President Xi Jinping called on the BRICS business community to strengthen cooperation on trade, investment and finance, expand…

Stock image INQUIRER.net The Philippine currency fell another peso against the U.S. dollar in just six trading days, closing at 54.065 against the greenback on Monday as markets absorbed…

Today's exchange rates in Pakistan on June 19, 2022, current dollar rate in Pakistan, latest exchange rates for British Pound, Euro, Saudi Riyal, UAE Dirham, Canadian Dollar , Australian dollar to Pakistani rupees. All rates updated based…

The rupee saw no respite on Friday and closed at 208.75 against the US dollar in the interbank market on panic over the International Monetary Fund's (IMF) $6 billion Extended Financing Facility (EFF). ) in Pakistan and the fall in foreign…

Brent futures, the global oil benchmark, fell 1.07% to $119.87 a barrel Brent futures, the global oil benchmark, fell 1.07% to $119.87 a barrel The rupee plunged 13 paise to close at a new all-time low of 78.17 (tentative)…

Share the article Last update 7 minutes agoA recent study found that going on a trip abroad this summer might actually be cheaper than going on vacation in the country. The study is sure to surprise travellers, who have…

Online conversion tools make it easy to convert currencies from one to another. Even Google itself has a handy currency converter you can use to find out how much foreign currency is worth in your local currency. However, constantly!-->!-->!-->…

Placeholder while loading article actionsJust over 50 years ago, at a meeting of the world's major economic powers, US Treasury Secretary John Connally shocked his counterparts by proclaiming that the dollar “is our currency, but it's your…

There are now 105 countries exploring central bank digital currencies (CBDCs). Among them, 50 countries are in an advanced phase of digital currency exploration (development, pilot or launch). 105 countries are exploring CBDCs The…

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Oil rose more than $120 a barrel on Monday on rising fuel prices, such as gasoline and diesel, combined with lingering concerns over supplies from Russia to propel crude to its peak. highest level in two months.Brent crude, the…

INTERNATIONAL travelers can now complete the new Currency Declaration Form (CDF) online after the central bank updated rules on cross-border currency transfers.The Bangko…

For businessmen, crypto speculators, and the cousin who wants to send money home, crypto versions of the US dollar are a lifesaver. Africans are using stablecoins to make cross-border payments, earn profits from…

A representative image of gold bracelets. — Reuters/FileThe price of gold stands at Rs141,650 per tola.The surge comes on the back of the continued depreciation of the Rupee.Cumulatively, gold has gained 9,300 rupees per tola since…

If you have attempted to register on a centralized crypto exchange, you may have seen the acronym “AML” thrown around. AML or Anti-Money Laundering guidelines prevent illegal money from re-entering the financial system. Most…

MPs said the proposed national budget of 4.6 trillion Rwandan francs for the financial year 2022/23 should focus on areas such as tackling the rising cost of living, supporting school feeding as well as reducing the country's import bill.…

Mumbai: India's benchmark stock indices posted the biggest single-day gain in three months on Tuesday, with the BSE Sensex jumping 2.54% after the recent selloff, dismissing lingering concerns over high inflation persistence, the fall of…

Want to invest in Bitcoin? Here are the things you need to knowBy Jane Muia / Posted on May 16, 2022 | 12:23 p.m. KEY POINTSWith everything digitized today, some investors have also relied on digital currencies. Many digital currency…

When in early April, the Central Bank of Nigeria (CBN) penalized six major banks a total of 1.3 billion naira ($3.1 million) for breaching its directive against facilitating cryptocurrency transactions, it was…

By Adedapo Adesanya The naira closed down 0.48% or N2 against the dollar on the Investors & Exporters (I&E) segment of the Foreign Exchange (FX) market as investors on Monday, May 9. According to data from the FMDQ…

Amamchukwu Okafor Posted May 8, 2022 Since the COVID-19 pandemic, the Nigerian economy has been struggling and the naira has been under the weight of foreign currencies. The growth rate decreased by -1.8% in 2020, increased by 3.4%…

This Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) is intended to help the readers of our consolidated financial statements better understand our results of operations, financial…

The Australian dollar jumped 2.2% on the Fed's decision, the biggest daily gain in more than a decade, as bond market revaluation pushed the greenback down 0.8% from against a basket of major currencies.Up and downBonds were volatile, with…

All eyes are on the Fed as it prepares to announce its policy decision on Wednesday. An increase of 50 basis points in the reference rate is expected. This has already been widely priced into the market and it remains to be seen if this…

Similar to how consumers can earn incentives with their credit cards, such as cashback when they purchase or a sign-up bonus when opening a new account, crypto platforms -currencies such as Crypto.com, Coinbase, and Mushe…

The United Arab Emirates (UAE) has announced the dates for the sale of treasury bills issued in Emirati dirhams. the Ministry of Finance said the first auction will take place on May 9. The auctions will then repeat in June, August,…

SAN FRANCISCO, April 26, 2022 /PRNewswire/ -- Okcoin, the US-licensed fiat-focused global crypto asset exchange, today announced the upcoming listing of the Provenance Blockchain utility token CHOP. Okcoin is the first exchange in the…

Economy Weakening shilling drives up Nairobi highway toll charges ahead of launch Monday, April 25, 2022 Nairobi Expressway along Waiyaki way, Westlands in this photo taken April 16, 2022. PHOTO | JEFF ANGOTE | NMG…

Low-rated frontier markets and oil-importing countries in the Middle East and North Africa (MENA) region are most exposed to a prolonged funding shock amid tighter global financial conditions and monetary policy in because of Russia's war…

MIAMI — Former presidential candidate Andrew Yang says Covid stimulus checks aren't to blame for the recent spike in inflation — and he's still in favor of sending people free money as a way to insulate workers from economic shocks and…

Travelers are increasingly using Bitcoin to pay for various travel services. Discover the advantages of using Bitcoin to travel the world. Travel is one of the critical industries driving crypto adoption. Several travel and travel…

(Bloomberg) - Singapore's central bank has tightened monetary policy settings further and raised its inflation forecast, pushing the currency higher as it seeks to tackle cost pressures threatening the post-pandemic recovery.Bloomberg's…

The Egyptian government is considering obliging local shipping agencies operating in Egyptian ports to accept payment of handling charges for local containers in Egyptian pounds and to stop trading in foreign currencies.This came after the…

Pedestrians walk past a branch of Alfa Bank, Russia's largest private bank, in Moscow…

Stocks headed for a weekly loss on Friday as the prospect of aggressive global rate hikes finally began to rattle investors, while bonds fell and the dollar looked poised for its best week in a month.MSCI's broadest index of Asia-Pacific…

SEOUL, April 5 (Yonhap) -- South Korea's foreign exchange reserves shrank in March as the dollar-converted value of its assets fell and the unloading of dollars aimed at curbing a sharp drop in the local currency, central bank data…

In West Africa, cereal prices have increased due to below-average agricultural production, persistent insecurity in the Sahelian countries, strong export demand, depreciation of local currencies and reduction in cross-border trade. The…

Latin America is proving "a cherished destination for investors in 2022", Anisha Sircar and Rodrigo Campos tell Reuters. Low valuations and soaring commodity prices boosted stocks in the region. The currencies of Brazil, Colombia, Peru…

Chakhawat Hossain | Published: March 27, 2022 9:01:23 p.m. Cross-border payments are not settled in banknotes. Settlement is effected through netting agreements entered into by overseas peer banks where resident banks…

Millions of new investors joined the ranks of their more experienced peers in self-trading last year. Online brokers have had to juggle two distinct customer bases, providing everything from the most basic primers to the most complex…

Blockchain infrastructure platform Coinbase Cloud on Tuesday announced the launch of a suite of developer tools to support the growth of the Avalanche ecosystem – both the smart contract platform and the blockchain.Avalanche developer…

Many Nigerians who depend on banks to meet their foreign currency needs could face tough times very soon as some lenders have introduced more restrictions on end-users' access to dollars through their local currency debit cards.!-->…

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Russia faced a crucial bond payment on Wednesday that could lead the sanctioned country to default for the first time since 1998, and its first major international default since the Bolshevik Revolution a year ago. century.Moscow was to…

Overview The following discussion should be read in conjunction with our consolidated financial statements and notes to those statements and other financial information appearing elsewhere in this Form 10-K. The following discussion…

The social media video of Finance and Civil Service Minister Dr Nigel Clarke and his barber Paul which was filmed at Gordon House last Tuesday was political theatre. The objective: to give elected officials and citizens a…

Putin sees 'some positive changes' in talks with UkraineThe MSCI stock index is expected to fall 4.7% this weekThe ruble strengthens in offshore tradingMar. 11 - Most emerging market currencies rose on Friday after Russian President…

Most Nigerians are cynical about their country. So I hear most people asking if the country's economy hasn't already been destroyed. Well, my message has always been that our nation is what we make it.…

MANILA, Philippines — Philippine dollar reserves rose slightly in February as gold holdings at Bangko Sentral ng Pilipinas rose in value as prices rose. What's new Gross international reserves stood at $107.98 billion at the end of…

MANILA, Philippines — The peso could weaken further to 52 to the dollar as global oil prices continue to rise amid Russia's invasion of Ukraine and steadily rising consumer prices . After weakening further last week, BDO chief market…

Russia on Friday blocked the websites of several international and local media as the government cracked down on coverage of the invasion of Ukraine. State media watchdog Roskomnadzor told the Interfax news agency it had banned the websites…

He said the sanctions against Russia were very effective and disrupted Russia's financial system and crippled its central bank's ability to protect the country's currency, the rouble. Trading volumes between the cryptocurrency Tether…

By Dipo Olowookere The Nigerian Stock Exchange (NGX) ended the last trading session of February 2022 on a high note with marginal growth of 0.14% on Monday. Buying pressure, particularly on Okomu Oil, Ecobank, Zenith Bank,…

With the growing popularity of NFTs (non-fungible tokens), an NFT market company called Neon has installed a one-of-a-kind NFT ATM in New York. The NFT ATM, which looks like a fancy version of a traditional ATM, allows!-->…

This Management's Discussion and Analysis of Financial Condition and Results of Operations section should be read in conjunction with "Financial Statements and Supplementary Data" included in Part II, Item 8 of this 2021 Annual Report and…

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ISLAMABAD: Over the past three and a half years, the local currency has depreciated by around 31% against the US dollar to settle at 175.86 rupees in the interbank market on Friday, February 18. Experts believe that this devaluation…

COLOMBO, Feb 18 (Reuters) - Auto parts dealerships in Colombo, Sri Lanka's main city, are receiving a steady stream of customers looking for what is fast becoming a hot commodity in the island nation - side mirrors for Suzuki's compact R…

BENGALURU: The Philippines' central bank will wait until the end of the year before raising interest rates by a record 2.0% to support an uneven economic recovery from the COVID-19 pandemic, according to a Reuters poll .As inflation remains…

KARACH: Accelerating international geopolitical tensions over the Ukraine crisis pushed the international price of Brent oil up 5% on Friday to its highest level in seven and a half years at $95 a barrel. If Russia invades Ukraine,…

RAND ANALYSISFed under pressure to fight inflation.Load shedding interruptions. Political instability reaffirmed by the report on the July riots.Weakness of raw materials linked to the rand. BASIC CONTEXT OF THE ZARCARRY'S TRADEthe South…

TEHRAN – The Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) on Saturday held a virtual Iran-India business conference titled “Developing Iran-India Trade Relations: Trade and Investment Opportunities” , announced the…

SAN DIEGO, February 4, 2022 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ: PSMT), operator of 49 warehouse clubs…

(Reuters) - Russian President Vladimir Putin is meeting Chinese leader Xi Jinping this week when he attends the Beijing Winter Olympics and they may seek to deepen trade ties in energy and other areas at a time when Moscow is at odds with…

The dreaded Fed cut is almost here. US Federal Reserve Chairman Jerome Powell has signaled that he will raise interest rates soon, but will also stop adding to his massive stockpile of bonds by early March.In summary: key support for!-->…

NUR-SULTAN - The European Bank for Reconstruction and Development (EBRD) has invested $630 million in 18 projects in Kazakhstan in 2021, the bank's press service reported. The EBRD announced its intention to support the major road project…

Taipei, Jan 29 (CNA) The Taiwanese dollar climbed more than 2% against the US dollar in the Year of the Ox due to the country's strong export performance, and the upcoming Lunar New Year holiday could further boost demand as the amount of…

The following Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") is intended to help the reader understand the results of operations and financial condition of Progress Software Corporation.…

Interroll Holding AG / Keyword(s): Preliminary resultsStrong growth in sales and order intake 26-Jan-2022 / 06:30 CET/CESTPublication of an ad hoc announcement pursuant to Art. 53LRThe issuer is solely responsible for…

ASEAN currencies - including the Indonesian rupiah - would still be sensitive to the United States. Photo: iStock…

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Cooperation with the Financial Action Task Force could get the country off the gray list and strengthen its economy. In February 2021, the Financial Action Task Force (FATF) added Senegal to its gray list, indicating that the country does…

A photo of the currency vouchers currently in circulation in North Korea. /Image: Daily NK The North Korean authorities handed over the vouchers (Donpyo) released a positive assessment last year, and despite their…

Cryptocurrency is becoming a global trend in the financial world. In this bitql.cloud, no one wants to be left behind in this trend. Almost every big name in business is coming forward to accept cryptocurrency as a new era currency. We…

“But, if the Aussie dollar appreciates, your return on your US$100 return will decrease as you convert your investment back into local currency,” he adds.In particular, investors can manage the currency risks in their portfolio by checking…

Our verdictIf you want to convert simple credit card spending into cash, this is one card that should definitely be on the shortlist. In addition, there is no annual fee. Barclaycard's Rewards card also includes some great features for…

Bitcoin in Spanish is a weekly newsletter from CriptoNoticias in which we review the most important news related to bitcoin, cryptocurrencies and blockchains in the Hispanic world. First bulletin of the Hispanic world of this year…

While Nigerians complain about the shortage of low-value naira banknotes, which are mainly used for economic transactions between the masses, experts have attributed this shortage to the high cost of printing the banknotes and the…

Yet even as Good Life blossoms by the River Avon - the Soil Association, Triodos Bank and the Environment Agency are all headquartered here - is everything in Bristol really so rosy? Former Mayor Independent George Ferguson yesterday…

By VICTOR JUMA Kenya's net foreign assets fell by Ksh 87.1 billion ($ 769.7 million) in the year through September, the largest drop to date, indicating that local financial institutions have liquidated some of their portfolios…

The actions extended their Santa Claus rally with hopes that the Omicron variant won't cause serious economic damage next year, even as the number of cases has skyrocketed around the world. The S&P 500 was up 0.85% week-over-week…

Lawrence Agcaoili - The Filipino StarJanuary 2, 2022 | 00h00 MANILA, Philippines - After becoming one of the region's best-performing currencies in 2020, the peso depreciated near the $ 51-1 level in 2021 amid strong Philippine demand…