April 07, 2022 (MLN): In the wake of surging import invoice, raging dollar need and depleting foreign trade reserves, the Condition Lender of Pakistan (SBP) has decided to impose a 100 p.c cash margin on 177 imported solutions. This firefighting measure will help discourage imports of these items and as a […]
Chase Business Customer Service
U.S. dollar to stay dominant so long as Fed stays hawkish: Reuters poll By Reuters
© Reuters. FILE Image: U.S. dollar notes are witnessed in this November 7, 2016 photo illustration. REUTERS/Dado Ruvic/Illustration/File Photograph By Hari Kishan and Shrutee Sarkar BENGALURU (Reuters) – The U.S. dollar will remain dominant for now so lengthy as the Federal Reserve stays a hawkish class on interest level hikes […]
CBSL suspends permit for foreign exchange agent over higher rates
COLOMBO (Information 1st) The Central Financial institution of Sri Lanka has made a decision to briefly suspend the permit issued to the Prasanna Dollars Trade (Pvt) Ltd below the provisions of the Foreign Exchange Act after considering the issues been given from normal public that Prasanna Cash Exchange (Pvt) Ltd […]
US News: US blocks Russia’s access to dollars, heightening default risk
The United States has commenced blocking Russia from making personal debt payments applying dollars held in U.S. banks, a shift created to deplete its international currency reserves and possibly drive Russia towards its initial international forex financial debt default in a century. A Treasury Section spokesperson said that the action […]
US News: US blocks Russia’s access to dollars, heightening default risk
The United States has commenced blocking Russia from making personal debt payments applying dollars held in U.S. banks, a shift created to deplete its international currency reserves and possibly drive Russia towards its initial international forex financial debt default in a century. A Treasury Section spokesperson said that the action […]
DBS bank’s ditching retail exchange delivers a small blow to OSL
Good morning. Here’s what’s happening: Prices: Bitcoin and other major cryptos dipped early over the weekend but regained ground and were up late Sunday. Insights: DBS Bank’s decision to abandon its retail crypto plans did not affect affect the stock price of OSL parent BC Technology Group, and is unlikely to have […]
BoG announces guidelines for allocation of foreign exchange to BDCs
The Bank of Ghana has introduced tips for allocation of foreign trade (Forex) through ahead auctions to Bulk Distribution Firms. This will govern the perform of foreign exchange forward auctions on the interbank international exchange market place for the BDCs accredited by the Countrywide Petroleum Authority (NPA). According to the […]
SBP reserves plunge $2.9b on loan repayment
KARACHI: The overseas exchange reserves held by the central bank diminished 19.5% on a weekly foundation, according to facts unveiled by the Condition Financial institution of Pakistan (SBP) on Thursday. On March 25, the overseas currency reserves held by the SBP have been recorded at $12,047.3 million, down $2,915 million […]
SBP reserves plunge $2.9b on loan repayment
KARACHI: The overseas exchange reserves held by the central bank diminished 19.5% on a weekly foundation, according to facts unveiled by the Condition Financial institution of Pakistan (SBP) on Thursday. On March 25, the overseas currency reserves held by the SBP have been recorded at $12,047.3 million, down $2,915 million […]
Pakistan’s public debt increases by Rs17.79tr during current govt
April 02, 2022 (MLN): Pakistan’s whole general public financial debt ongoing to snowball as it elevated by Rs17.79 trillion throughout the latest governing administration to stand at Rs42.75tr until December 2021 from Rs24.95tr by the finish of FY2018. The country’s complete community financial debt has gone up by Rs5.28tr as […]