The country’s foreign exchange reserves fell by $ 249 million to $ 583.697 billion in the week ending February 12, RBI data shows Friday.In the previous week, reserves had fallen by USD 6.24 billion. To USD 583,945 billion. It had touched a record high level of 590.185 billion. USD in the week ending January 29,..
Continue reading…
Forex reserves fell by $ 249 million to $ 583.697 billion
Posted on
FOREX dollar hits 4-month high against yen as interest rates jump on inflation rates
Posted on
* Graphics: World exchange rates tmsnrt.rs/2RBWI5ETOKYO, Feb. 17 (Reuters) – The dollar rose on Wednesday, hitting a four-month high against the yen as US bond yields jumped on the prospect of further economic recovery and a possible acceleration in inflation.Bitcoin held tight, a day after cryptocurrency first hit $ 50,000, bringing the total market value..
Continue reading…
Forex reserves fell by $ 6.24 billion. To USD 583,945 billion
Posted on
The country’s foreign exchange reserves fell by a massive 6.24 billion. USD and reached 583.945 billion. USD in the week ending February 5, RBI data showed Friday. In the previous week, reserves had touched a record high level of DKK 590.185 billion. USD after an increase of 4.852 billion. USD. In the reporting week ending..
Continue reading…
Forex reserves fall to $ 20,073 billion
Posted on
KARACHI: Pakistan’s foreign exchange reserves fell to $ 20.073 billion during the week ending February 4, from $ 20.163 billion a week ago, the central bank reported on Thursday. The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell $ 82 million to $ 12.949 billion due to external debt repayment.Similarly, the..
Continue reading…
SBP modernizes forex rules
Posted on
KARACHI: In an effort to facilitate start-ups, fintechs and exports, the State Bank of Pakistan (SBP) has announced amendments to Chapter 20 of the Foreign Exchange Manual. The new foreign investment policy will attract foreign direct investment through the creation of holding companies of Pakistani fintechs and startups, support exports by making it easier for..
Continue reading…
FOREX dollar bound by doubts about US recovery; bitcoin tops $ 47,000 for the first time
Posted on
* Dollar still nursing wounds from disappointing U.S. jobs figures * Bitcoin soars most since 2017 after Tesla backs digital currency * Graphic: World FX rates tmsnrt.rs/2RBWI5E By Kevin Buckland TOKYO, Feb 9 (Reuters) – The dollar languished near its lowest in a week on Tuesday as investors began entertaining doubts about the scale of..
Continue reading…
Young investors support Provista Trade’s AI access to forex
Posted on
Revolutionary currency trading for new traders Professional team of dealers work closely with the developers Provista saw an increase in queries about its AI-authorized EA trading system, especially from the younger generations of the Millennium and Gen Z age group. Our research and development team used their many years of professional experience in the foreign..
Continue reading…
With $ 590 billion in kitty foreign exchange reserves, India is now a “net creditor” – MoS Thakur
Posted on
Hyderabad, February 6 (PTI): India now has foreign exchange reserves of over 590 billion. USD, the highest ever, up by 119 billion. USD compared to the previous year, while external debt is 554 billion. USD, making the country a ‘net creditor’, Finance Minister Anurag Singh Thakur said here on Saturday.Speaking to media figures, he said..
Continue reading…
Forex reserves rise to $ 20.163 billion
Posted on
KARACHI: Pakistan’s foreign exchange reserves rose to $ 20.163 billion in the week ending January 29 from $ 20.106 billion a week ago, the central bank reported on Thursday. The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $ 33 million to $ 13.031 billion.Commercial banks’ foreign exchange reserves also..
Continue reading…
A pragmatic solution to BEAC’s FOREX rules cannot be achieved without the involvement of local stakeholders
Posted on
(MENAFN – African Press Organization) JOHANNESBURG, South Africa, 3 February 2021 / APO Group / – The FOREX rules imposed by the Bank of Central African States (BEAC) remain one of the biggest barriers to investment in Central Africa’s energy markets: Equatorial Guinea, Congo, Cameroon, Gabon, Chad and CAR. Although their implementation was postponed from..
Continue reading…