Latest News for: Foreign reserves

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Pakistan to repay $1bn sukuk before maturity

Dawn 26 Nov 2022
He said the payment of $1bn will not affect the foreign exchange reserves since the country will receive inflows from Asian Infrastructure Investment Bank (AIIB) ... The poor foreign exchange reserves, falling remittances and delayed inflows from IMF have posed serious questions about the timely foreign repayments.
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Forex kitty increases by $2.5bn to $547bn

The Times of India 26 Nov 2022
The country’s foreign exchange reserves rose by $2.5 billion during the week ended November 18 ... According to data released by the RBI on Friday, foreign currency assets, ...
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India's forex reserves rise by USD 2.54 billion to USD 547.25 billion

Beijing News 26 Nov 2022
India's foreign exchange reserves during the week that ended on November 18 rose by USD 2.54 billion to USD 547.25 billion, the Reserve Bank of India data showed on Friday ... According to RBI's latest data, India's foreign currency assets, which are the biggest ...
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Ghana plans to buy oil with gold instead of US dollars

Beijing News 26 Nov 2022
Ghana's Vice-President, Mahamudu Bawumia, said on Facebook this week that due to dwindling foreign currency reserves, the country's government is drafting a new policy to purchase oil products using gold, rather than U.S. dollar reserves.
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Ousted Pakistan PM Says Party to Quit Provincial Legislatures

The Wire Network 26 Nov 2022
Foreign Minister Bilawal Bhutto Zardari described Khan’s protest rally Saturday as a “face-saving flop show.” He said on Twitter ... Pakistan’s political turmoil comes as Sharif’s coalition government grapples with critical economic challenges amid ever soaring inflation, depleting foreign exchange reserves and declining foreign investments.
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India's forex reserves hike by $2.54 billion to $547.25 billion

Zeenews 26 Nov 2022
India`s foreign currency assets, which are the biggest component ...
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From $3bn to zero, FX earnings into reserves dries up – Emefiele

Business Day Online 26 Nov 2022
The official foreign exchange receipt from crude oil sales into Nigeria’s ...
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Feature: Ethiopian households bear brunt of rising inflation

Xinhua 26 Nov 2022
... trade deficits as well as imbalance of payment amid severe foreign currency shortages ... The researcher linked the rising inflation in the east African nation to the dwindling foreign currency reserves, which he said also contributed to the decreasing value of the Ethiopian birr.
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Sri Lanka can learn from Türkiye’s diversity: Politician

Anadolu Agency 26 Nov 2022
“That is the main reason,” he claimed ... Crippled by a shortage of foreign exchange reserves after the collapse of the tourism-dependent economy, the country of 22 million has defaulted on all its foreign debt ... Rathnayake said the country received “lots of unrealistic foreign loans for unnecessary projects.” ... .
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Sri Lanka can learn from Türkiye’s diversity: Former politician

Anadolu Agency 26 Nov 2022
- Neoliberal economics reason for financial crisis ... Crippled by a shortage of foreign exchange reserves after the collapse of the tourism-dependent economy, the country of 22 million has defaulted on all its foreign debt ... Rathnayake said the country received “lots of unrealistic foreign loans for unnecessary projects.” ... .
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Bangladesh’s urea imports from Middle East up 15% as local supply dwindles

Arab News 26 Nov 2022
DHAKA ... Jahangir Alam told Arab News. Due to its dwindling reserves of foreign exchange, he said Bangladesh should consider setting up a long-term contract with its foreign suppliers to buy urea “at a cheaper rate” and “pursue the urea purchase on a credit basis.” ... “Producing urea locally is much cheaper for us ... ....
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Russia now fourth largest forex reserve holder

Russia Today 26 Nov 2022
Russia has risen to fourth place among the world’s largest economies in terms of foreign exchange reserves, RIA Novosti calculations published on Saturday show ... China retained its perennial leadership in terms of international reserves, with a staggering $3.193 trillion in assets at the end of September this year ... Russia boosts forex reserves.
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Ghana’s reserves fall to 2.9 months of import cover; trade surplus hits $1.87bn

Joy Online 26 Nov 2022
Ghana’s international reserves remained at a low 2.9 months of import cover in October 2022 ... Net international reserves have been declining from $6.07 billion in January 2022, about 4.4 months of import cover, largely due to the liquidation of investments by foreign investors.
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Ghana’s reserves fall to 2.9 months of import cover in October 2022; trade surplus hits $1.87bn

Joy Online 26 Nov 2022
Ghana’s international reserves remained at a low 2.9 months of import cover in October 2022 ... Net international reserves have been declining from $6.07 billion in January 2022, about 4.4 months of import cover, largely due to the liquidation of investments by foreign investors.
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UN experts denounce Taliban treatment of women as crime

Federal News Radio 26 Nov 2022
Sanctions on Taliban officials and the freezing of billions in foreign currency reserves have restricted access to global institutions and outside money that had supported Afghanistan’s aid-dependent economy before the withdrawal of U.S ... All rights reserved.

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