Zimbabwe to implement new measures to save currency
Zimbabwe is about to unveil new measures to support its currency amid the decline in both the official and the…
Browsing Tag
foreign exchange
Yen rises, Aussie slides as growth fears trigger foreign exchange ‘flash crash’
The yen soared versus its peers on Thursday, breaking through key technical support levels as heightened global…
Egypt’s c.bank to end forex repatriation mechanism
Egypt’s central bank (CBE) said on Wednesday it has decided to terminate the foreign exchange repatriation…
Egypt’s CBE receives 2nd tranche of IMF loan
The second tranche of the International Monetary Fund’s (IMF) loan to Egypt, $1.25 billion, has entered the…
Egyptian pound decreases against dollar on black market
The Egyptian pound has been weakened in the informal market to a record low against the US dollar as a foreign…
Egypt central bank to hold exceptional $500 million FX auction Sunday
Egypt's central bank announced Sunday it would hold an exceptional auction for $500 million, pumping more foreign…
China forex regulator says stepping up graft risk controls
China's foreign exchange regulator is stepping up its risk controls against corruption, it said in a statement…
Yuan opens weaker after record drop in forex reserves
China's yuan fell at the open on Tuesday after official data the previous day showed that China's foreign exchange…
China FX reserves fall record $93.9 billion in Aug as central bank supports yuan
China's foreign exchange reserves, the world's largest, shrank by $93.9 billion in August, the biggest monthly fall…
Egypt pound steady at auction, stronger on parallel market
Egypt's central bank held the Egyptian pound steady at 7.73 per dollar for the third straight foreign exchange…