Latest News for: Foreign reserves

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Petroleum levy will rise to Rs50/litre, IMF told

The News International 18 Aug 2022
Pakistan will have to manage external financing of $35 billion during the current fiscal year in order to repay its external debt servicing of $22 billion and fulfilling the current account deficit of $11 to $12 billion for avoiding further depletion of foreign currency reserves.
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S.Korea's foreign debts hit record high in Q2

Xinhua 18 Aug 2022
Foreign debts reached a fresh high of 662.0 billion U.S ... The ratio of short-term foreign debts to the country's foreign reserves gained 3.7 percentage points to 41.9 percent in the second quarter, marking the highest in 10 years since the second quarter of 2012 ... S.Korea's foreign ...
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COMMENT: Managing external financing gap, the unconventional way

Dawn 18 Aug 2022
Emerging economies are facing stress with rising import bills and depleting central bank reserves ... The central bank in India has recently waived the Cash Reserve Requirement (CRR) and Statutory Liquidity Requirement (SLR) requirement on incremental foreign currency deposits, incentivising banks to raise them.
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S. Korea's external debt hits all-time high in Q2 amid heightened market, economic uncertainty

Korea Times 18 Aug 2022
The ratio of short-term debt to foreign reserves rose to 41.9 percent as of end-June, up 3.7 percentage points from three months earlier ... The official added that the ratio will not likely exceed 50 percent this year, citing the fact that foreign reserves have stopped their decline since July.
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Govt commits more taxes as IMF board meets on 29th

Dawn 18 Aug 2022
... those reserves ever to support the exchange rate ... Under the LoI, the government would “remain committed to ensuring monetary and financial stability by maintaining a market-determined exchange rate, lowering inflation towards the target, and rebuilding foreign exchange reserves”.
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Sri Lanka's former president tipped to return to crisis-hit nation next week

Henry Herald 18 Aug 2022
Foreign Minister Ali Sabry told CNN late Wednesday ... Anger has been growing in Sri Lanka for months after the country's foreign exchange reserves plummeted to record lows, with dollars running out to pay for essential imports including food, medicine and fuel ... All rights reserved.
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It doesn’t take a spy to violate US Espionage Act

Asiatimes 18 Aug 2022
section 794 – does relate to spying for foreign governments, for which the maximum sentence is life imprisonment ... Wikipedia Doesn’t require intent to aid a foreign power ... Top secret-sensitive compartmented information is reserved for information that would truly be damaging to the United States if it fell into foreign hands.
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How Donald Trump may have violated the Espionage Act without being a spy

Irish Independent 18 Aug 2022
Both classifications tip far to the serious end of the sensitivity spectrum.Top secret-sensitive compartmented information is reserved for information that would truly be damaging to the US if it fell into foreign hands.One theory floated by Trump defenders is that by simply ...
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Bhutan’s merchandise export falls by about 4.5 percent to Nu 8.62B

Kuensel 18 Aug 2022
trade deficit widens by over 90 percent in the second quarter. Thukten Zangpo ... It also helps maintain the foreign currency reserves. Last week, the finance ministry was asked by the Cabinet to enhance the export of commodities after a discussion with the economic affairs ministry as part of a plan to replenish the dwindling foreign currency reserves ... .
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IMF mission to visit Sri Lanka this month, making 'good progress', says Central Bank Governor

The Telegraph India 18 Aug 2022
The island nation owes USD 51 billion in foreign debt, of which USD 28 billion must be paid by 2027. The country's inflation surged to 60.8 per cent in July, up from 54.6 per cent in June, the crisis-hit country's statistics department Colombo Consumer Price Index has said, as food and fuel remained scarce amid dwindling foreign exchange reserves ... .
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Pakistan lifts luxury goods import ban, to impose heavy duties

FX Empire 18 Aug 2022
He said Pakistan’s foreign reserves will rise with funding expected from the International Monetary Fund (IMF) ... Pakistan’s central bank reserves have fallen as low as $7.8 billion, which would cover little more than a month of imports ... Advertisement ... Sign Up. Latest Articles. See All ... ....
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How serious is Bhutan’s economic crisis?

Indian Express 18 Aug 2022
At a recent meeting, Bhutan’s finance minister, Lyonpo Namgay Tshering, said the government was not in favor of banning imports but would do its best to help protect foreign reserves ... Foreign reserves drying up? ... The country has sufficient foreign reserves to meet the import of essential goods for 14 months.
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IMF delegation to visit Sri Lanka this month: Central Bank Governor

Financial Express 18 Aug 2022
The country’s inflation surged to 60.8 per cent in July, up from 54.6 per cent in June, the crisis-hit country’s statistics department Colombo Consumer Price Index has said, as food and fuel remained scarce amid dwindling foreign exchange reserves.
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The Stroller, Aug. 18, 2022: Events in the Alle-Kiski Valley

Pittsburgh Tribune Review 18 Aug 2022
Reservations required. Reservations ... National Association of the Women’s Interactive Network is accepting table and space reservations for a flea market set for 8 a.m ... Reservations ... Reservations required. Reservations ... Natrona Heights Veterans of Foreign Wars will have bingo at 7 p.m ... to midnight at the Veterans of Foreign Wars, 894 Veterans Lane.
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Interview: Western financial institutions endanger developing countries with "debt trap"

China.dot.org 18 Aug 2022
BEIJING, Aug ... Federal Reserve raises interest rates and the dollar gets stronger on the foreign exchange market ... If the indebted countries cannot make repayments, they will face a chain reaction of default, rating downgrade, foreign exchange shortage, and currency depreciation, leading to further economic recessions and even political stability.

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