Category: central
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Central Bank Official Criticizes Binance Operations In Nigeria
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A Nigerian central bank official has said that Binance is operating illegally in multiple ways in the West African country. The development comes amid the ongoing legal proceedings against the prominent cryptocurrency exchange in Nigeria. Central Bank of Nigeria Official: Binance Violated Nigerian Currency Trading Policy In April 2024, the…
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Hungary central bank tells lenders to reimburse clients after Apple glitch By Reuters
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BUDAPEST (Reuters) – Hungary’s central bank on Saturday asked local lenders to immediately start reimbursing customers for erroneous fees imposed by Apple Inc’s (NASDAQ:) mobile payment service earlier this week that affected hundreds of thousands of accounts in Hungary. The central bank said some 780,000 false charges worth a combined…
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India digital currency transactions slump after reaching initial central bank target, sources say By Reuters
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Written by Jaspreet Kalra MUMBAI (Reuters) – Use of India’s digital currency, the e-rupee, has fallen to a tenth of its December peak, four sources said, reflecting the difficulties many countries have faced trying to rally public support for digital currencies. The Reserve Bank of India began a pilot of…
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FX little changed awaiting major central bank decisions later
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Highlights on the agenda today are central bank decisions involving the Swiss National Bank and the Bank of England. They will wrap up the central bank boom in June, but the decisions may end up being mostly uneventful. I’ll get to that in a moment. But for now, the currency…
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Public Pilot Of Iran’s Central Bank Digital Currency In June
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The Central Bank of Iran (CBI) is set to take a significant step towards modernizing the domestic payments infrastructure with a public trial launch of the Central Bank Digital Currency (CBDC), known as the digital rial. This step aims to enhance the efficiency and flexibility of the Iranian payment system,…
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Indonesia central bank intervenes to defend faltering rupiah By Reuters
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JAKARTA (Reuters) – Indonesia’s central bank has intervened in the foreign exchange market to defend the rupiah, the Indonesian central bank governor said on Friday, pledging to use monetary policy to stabilize the currency after it fell. to its lowest levels in four years against the dollar. The rupee fell…
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More Central Banks Are Exploring A CBDC, BIS Survey Finds
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Credit: bankingjournal.aba.com The global finance landscape is undergoing a transformational shift, with central banks around the world actively exploring the potential of central bank digital currencies (CBDCs). A recent survey by the Bank for International Settlements (BIS) highlighted the growing momentum surrounding these digital currencies, revealing that the vast majority…
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More Central Banks Are Exploring A CBDC, BIS Survey Finds
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Credit: bankingjournal.aba.com The global finance landscape is undergoing a transformational shift, with central banks around the world actively exploring the potential of central bank digital currencies (CBDCs). A recent survey by the Bank for International Settlements (BIS) highlighted the growing momentum surrounding these digital currencies, revealing that the vast majority…
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Indonesia central bank to continue intervention to stabilise rupiah By Reuters
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Written by Stefano Soliman JAKARTA (Reuters) – Indonesia’s central bank will continue to intervene in the foreign exchange market to stabilize the rupiah, the governor said on Wednesday, adding that the currency will strengthen next year. The rupee recovered some of its losses on Wednesday to reach $16,265 by 0603…
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Central banks turn cautious on China’s yuan, keen on dollars and gold By Reuters
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Written by Alun John LONDON (Reuters) – More global reserve managers intend to increase exposure to the currently high-yielding U.S. dollar as their interest in it deteriorates due to lower yields and geopolitical tensions, the official forum of monetary and financial institutions said. Data from a survey conducted by the…
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Central banks turn cautious on China’s yuan, keen on dollars and gold By Reuters
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Written by Alun John LONDON (Reuters) – More global reserve managers intend to increase exposure to the currently high-yielding U.S. dollar as their interest in it deteriorates due to lower yields and geopolitical tensions, the official forum of monetary and financial institutions said. Data from a survey conducted by the…
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How Kamau Thugge’s shilling exploits have earned him African Central Banker fete
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Dr Kamau Thug’s exploits in stabilizing the fluctuating Kenyan shilling led to him being named Central Banker of the Year by African Banker magazine just one year into his tenure at the Central Bank of Kenya (CBK). This recognition comes in the wake of interventions supervised by the Governor of…
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Startup Nation Central data reveal the opportunities
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“Since 7.10, we have seen the Israeli high-tech industry still delivering the goods,” declared Eliran Elimelich, Vice President of Ecosystem Development at Startup Nation Central (SNC), speaking at the Novartis Healthcare Innovation Conference, underscoring the position of local biotech companies. “Since the beginning of the war, $2.5 billion has been…
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Michael Saylor And Quote the Raven: The Conundrum of Central Planning
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I was extraordinarily appreciative when executive chairman and co-founder of MicroStrategy Michael Saylor sat down with me this weekend for an exclusive interview. What’s inside this exclusive Fringe Finance interview with Michael Saylor: What the effects of inflation will eventually be (“The Matrix”) and how globalist organizations like the World…
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Slowing Inflation Primes G-7 Central Banks for June
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Breadcrumb Trail Links PMN Business Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy. Author of the article: Bloomberg News Brian Fowler and Craig Stirling Published May 18, 2024…
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The Curious Case of Chile and the Central Bank Digital Currency
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In the ever-shifting sands of global finance, a strange development has emerged from the South American nation of Chile. Banco Central de Chile, the country’s central bank, Recently published a report on central bank digital currencies – an emerging technology that has the potential to reshape the way money flows.…
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Brazil’s central bank cuts its rate by 25bp
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Decision of the Monetary Policy Committee of the Central Bank of Brazil (Copom): 5 COBOOM members voted in favor of a 25 basis point reduction, and 4 members voted in favor of a 50 basis point reduction. The Committee unanimously considers that the uncertain global scenario and the domestic scenario,…
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Central Tel Aviv lot fetches NIS 644m
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Acro Real Estate (TASE: ACRO) and Kata Group won the Israel Lands Authority auction for the Israel Military Industries (IMI) plot of land on Hashalom Street in central Tel Aviv with a bid of NIS 644 million plus NIS 67 million. Development costs. This amount is five times the minimum…