Central Bank
- Business
RBI to inject Rs 2.5 lakh crore to enhance liquidity in banking system
Mumbai: The Reserve Bank of India (RBI) was all set to inject Rs 2,50,000 crore through its Variable Rate Repo (VRR) auction on Wednesday to enhance liquidity in the banking system. The…
- World
Sri Lankan economy records 4.5% growth in fourth quarter of 2023: Central Bank
Colombo: After six successive quarters of negative growth, Sri Lanka’s bankrupt economy is estimated to have recorded a growth of 4.5 per cent year-on-year in the fourth quarter of 2023, the Central…
- Pakistan
Saudi Arabia extends term of USD 3 billion deposit to Pakistan: Central bank
Islamabad: In a major relief to debt-ridden Pakistan’s struggling economy, Saudi Arabia has extended the term of its USD 3 billion deposit with the country’s central bank for another year, according to…
- World
Pak rupee drops to new low owing to withdrawal of restrictions on imports
Pakistan’s rupee plunged to a record low on the interbank market on Tuesday, August 22 following the decision to ease in import restrictions that has lifted demand for the dollar, central bank…
- Middle East
UAE one of fastest-growing economies in 2022: CBUAE
Abu Dhabi: The UAE’s real GDP growth accelerated during 2022 due to a robust recovery in non-oil GDP and a sizable expansion of oil GDP, according to the Financial Stability Report for…
- Middle East
Hafize Erkan becomes first woman to head Central Bank in Turkey
Ankara: Former Wall Street executive Dr Hafize Gaye Erkan is the first woman to be elected as the governor of Turkey’s New Central Bank on Friday. She replaces Sahap Kavcioglu. Erkan’s appointment comes within…
- Middle East
Lebanon’s deputy PM calls for central bank chief’s resignation
Beirut: Lebanese Deputy Prime Minister Saade Chami has called for the resignation of Central Bank Governor Riad Salameh who is facing money laundering and corruption accusations. “The central bank is one of…
- Middle East
Lebanon imposes travel ban on central bank chief
Beirut: A Lebanese judge has confiscated the Lebanese and French passports of Lebanon’s Central Bank Governor Riad Salameh to ban him from travelling after Interpol issued a Red Notice against him over…
- Middle East
Germany issues arrest warrant for Lebanon’s central bank chief
Beirut: The German Public Prosecutor has informed the Lebanese judiciary of issuing an arrest warrant against Lebanon’s central bank governor Riad Salameh, media reported. The move came after Lebanese Interior Minister Bassam…
- World
Afghanistan’s central bank sells USD 14 million to keep local currency stable
Kabul: Afghanistan’s central bank Da Afghanistan Bank (DAB) sold $14 million by auction on Sunday to stabilise the exchange rate of the national currency afghani, the bank said in a statement released…
- India
Sri Lanka sees increase in tourism earnings in first quarter
Colombo: Amid the ongoing economic crisis, Sri Lanka has witnessed an increase from tourism earnings with around $530 million being received in the first three months of 2023, according to the latest…
- Pakistan
Pakistan’s remittances increase 4.9 pc in Feb: Central bank
Islamabad: Remittances sent by overseas Pakistani workers increased by 4.9 per cent in February on a month-on-month basis, the central bank said. The workers’ remittances recorded an inflow of $1.987 billion in…
- Business
RBI updates ‘Alert List’ of entities not authorised to deal in forex trading
Mumbai: The Reserve Bank on Friday updated its ‘Alert List’ for the public on unauthorised forex trading platforms to include names of entities/platforms/ websites which appear to be promoting such entities. In…
- World
Turkish inflation forecast to sharply decline in 2023, 2024: Central bank
Ankara: Governor of the Central Bank of Turkey, Sahap Kavcioglu announced the country’s year-end annual inflation for 2023 and 2024 is forecast to drop to 22.3 percent and 8.8 percent, respectively. “Inflation…
- Middle East
Israel raises base interest rate to 3.75%, highest since 2008
Tel Aviv: Israel’s central bank has announced an increase of 0.5 per cent in the base interest rate to 3.75 per cent, reaching the highest level since October 2008. This is the…
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