Swiss National Bank faces 2b franc loss in Q2 ’24
The Swiss National Bank (SNB) reported a 2 billion Swiss franc ($2.27 billion) loss for the second quarter,…
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foreign exchange
Egypt’s inflation hits lowest rate since ’23
The decision to unify the exchange rate in March 2024, along with bold monetary policy decisions, has significantly…
Egypt’s FX up 200%, remittances double – CBE
A senior source at the Central Bank of Egypt (CBE) revealed a massive growth in foreign exchange inflows to the…
Philippine c. bank amends FX regulations
The Philippine central bank approved amendments to FX regulations, to facilitate timely reporting by banks for…
From oaths to action: Priorities for Egypt’s new govt.
Today, July 7, 2024, marks the beginning of Dr. Mostafa Madbouly’s new term as Prime Minister. Let’s set aside any…
S. Korea’s foreign reserves fall by $430m in May
South Korea's foreign reserves fell by $430 million in May to $412.83 billion.
Nigeria’s naira decline prompts rate discussions
The Nigeria's naira has sharply declined since mid-April, with a 28-year high inflation rate likely prompting the…
Japan’s currency chief signals constant vigilance over yen
Japan’s Vice Finance Minister for International Affairs, Masato Kanda, announced on Tuesday that the authorities…
Egypt poised to receive up to $50 billion in FDI
The Egyptian market is gearing up to receive the largest foreign exchange inflows, amounting to approximately $50…
Turkey to reconsider rate hike
Turkey is reconsidering an interest rate hike, just two months after ending its tightening cycle amid strong demand…
AfDB 2023