Global Banking Monitor

Sunday, April 28, 2024

Stripe employees get to sell $1bn of shares

It's good news for the Stripe employees...

Strategies for Upskilling Your Workforce in an AI-Driven Economy

In an era where artificial intelligence (AI)...

Five Strategies for Enhancing Internal Communications in Banks

In the fast-paced world of banking, effective...

Tag: currency

China and Saudi Arabia Seal $7 Billion Currency Swap Agreement

China and Saudi Arabia signed a local-currency swap agreement worth around $7 billion, deepening their ties as countries across the Middle East and emerging...

Gulf Bank Facilitates Local Currency Payments at 350+ Merchants for Kuwait Visitors

Gulf Bank has announced a strategic partnership with Fexco International – a global leader in innovative payment and currency exchange solutions – to expand...

Egypt’s Currency Squeeze Pushes Bank Foreign Buffers to a New Low

Net foreign assets held by Egypt’s commercial banks went into a record deficit in June, as a lack inflows drives a deterioration in the...

Egypt’s Currency Squeeze Intensifies as Banks’ Foreign Buffers Decline

Net foreign assets held by Egypt’s commercial banks went into a record deficit in June, as a lack inflows drives a deterioration in the...

Central Bank of Myanmar Takes Steps to Stabilize Currency and Tackle Inflation

Myanmar aims to stabilize its currency to control price pressures, the central bank said, as the kyat weakens in the black market. “The Central Bank...

Uruguay Finance Chief Plans to Issue More Local Currency Bonds in 2023

Uruguay plans to complete its $4.3 billion bond funding program this year by issuing local currency debt on the domestic capital market as slowing...

Nigerian Currency Hits Record Low Against Dollar, Central Bank Revokes Licenses of 2,700 Currency Exchanges

The exchange rate of the Nigerian currency versus the greenback recently plunged to an all-time low of NGN860:USD1. The naira’s depreciation has been attributed...

Kuwait Implements Ban on Virtual Currency Transactions

The regulatory authorities in Kuwait, including the Central Bank, the Capital Markets Authority, the Ministry of Commerce and Industry, and the Insurance Regulatory Unit,...

Bangladesh Adopts Higher Interest Rates and Free Float of Currency

Bangladesh’s central bank will allow the currency to float freely, finally giving into demands from the International Monetary Fund to unlock more money from...

Kenya Central Bank Deems Digital Currency Not a ‘Compelling Priority’

Kenya's central bank does not consider the issuance of a digital currency a "compelling priority" but it will continue monitoring developments in the area...

Argentina Boosts Currency Swap Access with China, Reaching $10 Billion

Argentina has signed a deal to renew its currency swap line with China and double the amount it can access to near $10 billion,...

China’s Currency Surges as Central Bank Takes Action Against Speculation

China’s yuan jumped on Friday after the country’s central bank moved to shore up the currency following a recent selloff, vowing to curb speculation...

Zimbabwean Banks Explore Offering Loans Supported by New Digital Currency

Banks in Zimbabwe may offer loans using the newly released gold-backed digital tokens as collateral. The digital money that the central bank envisages as eventually...

Egypt Implements Massive Interest Rate Hike to Combat Inflation Caused by Currency Devaluations

Egypt resumed a cycle of monetary tightening as the central bank tries to tackle inflation that’s been stoked by currency devaluations. The Monetary Policy Committee...

- A word from our sponsors -

spot_img

Follow us

HomeTagsCurrency