Beijing, China - The People's Bank of China (PBOC) on Friday unveiled its decision to trim the reserve requirement ratio (RRR) for financial institutions by 0.25 percentage points, effective immediately. Notably, institutions already operating with a 5% RRR are exempted from this change. The move marks the second significant RRR...
Sudanese pound stays strong despite ongoing conflict
Dr Gharaibeh attributes Sudan's monetary stability to the localized conflict in Khartoum and increased reliance on local investment, compensating for the decline in foreign investment. He further emphasizes that the capital flight from Sudan has been minimal, due to the conflict being concentrated in Khartoum.Iraq’s currency in flux as foreign transfers come under scrutiny
While the official exchange rate has been fixed at 1,470 Iraqi dinars against the dollar, the currency was trading at up to 1,600 to the greenback on local markets from mid-November, before settling at about 1,570 dinars, according to state media.
IMF, Egypt finalize work to reach staff-level agreement soon
Washington, US-- International Monetary Fund and Egyptian authorities have agreed to finalize their work to reach a Staff-Level Agreement very soon, the IMF has said. Director of Communications at the IMF Gerry Rice said in a statement that "IMF staff and the Egyptian authorities have held very productive in-person discussions...
No need to change exchange rate of dinar against US dollar: Iraq
The Central Bank of Iraq said Sunday that there is no reason for changing the exchange rate of the Iraqi dinar against the US dollar. The economic conditions will determine the appropriate decision that fits the time period
Lebanon’s Hezbollah ready to return to cabinet meetings
Lebanese group Hezbollah and its ally the Amal movement said Saturday they were ready to return to government meetings after three months of political deadlock that has exacerbated the country's economic crisis. Lebanon's government was formed in September after a 13-month political impasse.Turkish inflation hits 19-year high in December
Consumer prices jumped to 36.1 percent last month from the same period in 2020, up from 21.3 percent in November.
Iraq records high positive indicators for the economy in 2021
The Ministry of Planning has not prepared a report on economic indicators during the year 2021 but there is an improvement in many fields.
