Source link The move is expected to help reduce inflation, the governor of the southern African nation’s central bank has said Zimbabwe has introduced a new national currency aimed at stabilizing the economy and countering the devaluation of the local dollar in the southern African nation. Harare has also appealed to the United Nations for […]
Source link Russia’s Finance Ministry has announced the volume of the first purchases of foreign currency under the country’s budget rule after a hiatus since last August, according to a press release on Monday. The Russian central bank announced in August 2023 that it would suspend purchases of foreign currency until the end of the […]
Source link Savings in non-ruble accounts are at their lowest level in a decade, according to the central bank Non-ruble savings of Russian households have dropped to their lowest level in more than a decade, according to the country’s central bank. The share of foreign currency in savings on Russian private accounts has been declining […]
Source link Low interest rates have sparked a global rush to borrow in China, the outlet has said Global companies are reaping record profits through yuan-denominated bonds and are borrowing heavily from Chinese lenders at low interest rates, at a time when the cost of using Western banks is skyrocketing, Reuters reported on Friday. According […]
Source link One of Russia’s largest private lenders, Tinkoff, has launched transfers in Thai baht via the SWIFT messaging system, the business daily RBK reported on Tuesday, citing a representative of the bank. Thailand is listed as one of the destinations for international transfers on Tinkoff’s website, which says the lender’s private customers can send […]
Source link The ruble has been bolstered by a recent key rate hike and increased sales of foreign earnings by exporters The Russian ruble continued to strengthen against major currencies on Tuesday, surging to a five-month high, trading data from the Moscow Exchange (MOEX) showed. The currency had risen to 90.5 rubles to the US […]