Foreign Reserves

Latest News for: Foreign reserves

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Tanzanian Central Bank Says Forex Restrictions Intended to ‘Safeguard the Stability of the Financial System’

Bitcoin 03 Jun 2023

Tutuba, the Bank of Tanzania (BOT) said it made the decision to issue the reminder after reviewing the operations of the foreign exchange market ... As reported by Bloomberg, Tanzania has seen its foreign exchange reserves drop to $4.9 billion at the end of April.

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Pakistan to begin barter trade with Afghanistan, Iran and Russia

Gulf News 03 Jun 2023

Pakistan has officially announced the implementation of a barter trade mechanism with Iran, Afghanistan and Russia on specific goods, including petroleum and gas to strengthen the country’s foreign reserves and economy ... Pakistan’s foreign currency reserves have dwindled to ...

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Backlash against weaponized dollar is growing across the world

Stars and Stripes 03 Jun 2023

The greenback, they say, is being weaponized, used to push America’s foreign-policy priorities — and punish those that oppose them ... The Biden administration has imposed sanctions, frozen hundreds of billions of dollars of Moscow’s foreign reserves, and, in concert with Western allies, all but ousted the country from the global banking system.

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New IMF programme?

Dawn 03 Jun 2023

If the ninth review doesn’t come through, Pakistan’s foreign exchange reserves would deplete further in the run-up to the polls and the formation of a new government; also, its debt sustainability indicators will deteriorate ... large gross foreign financing to get the dollars.

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Pakistan opens barter trade with Afghanistan, Iran & Russia

Suryaa 03 Jun 2023

Islamabad, June 3 (IANS) In another step to release pressures on dwindling foreign exchange reserves, Pakistan has opened up barter trade with Afghanistan, Iran and Russia for certain items including petroleum, LNG, coal, wheat, pulses, minerals, metals, and several food items.

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Explainer: Delving into America's debt crisis

People Daily 03 Jun 2023

Data from the IMF have already shown that while the dollar remains dominant for now, its share in global foreign exchange reserves had declined from over 70 percent in 1999 to 58.36 percent by the end of 2022.

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Pakistan Allows Barter Trade with Iran, Afghanistan, Russia

Beijing News 03 Jun 2023

ISLAMABAD - Pakistan has authorized barter trade with Iran, Afghanistan and Russia on specific goods, including petroleum and gas, to bypass Western sanctions on those countries and ease pressure on its declining foreign exchange reserves.

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Pakistan outlines barter trade plans with Afghanistan, Iran, Russia

The News International 03 Jun 2023

In another step to release pressures on dwindling foreign exchange reserves, Pakistan has opened up barter trade with Afghanistan, Iran, and Russia for certain items including petroleum, LNG, coal, wheat, pulses, minerals, metals, and several food items.

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Pakistan opens barter trade with Afghanistan, Iran amp; Russia

TeluguStop 03 Jun 2023

In another step to release pressures on dwindling foreign ...

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TOLOnews - 6pm News - 03 June 2023

Tolo News 03 Jun 2023

According to a Reuters report, the country is left with barely enough foreign exchange reserves ...

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Pakistan implements mechanism for barter trade with Russia, Iran, Afghanistan

China.dot.org 03 Jun 2023

"The initiative is an important step toward stabilizing the economy, and it would not only help increase foreign exchange reserves but would also help promote trade," the ministry said in a statement on Friday ... Enditem .

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LCCI praises govt's decisions to stimulate trade, stabilise economy

Urdu Point 03 Jun 2023

It will increase foreign reserves, address the country's balance of payments crisis, reduce the reliance on dollar transactions, and bring much-needed relief to businesses, thereby enhancing the overall business environment.

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Canadian dollar extends weekly gain on rising investor sentiment

Reuters 03 Jun 2023

Argentina has signed a deal to renew its currency swap line with China and double the amount it can access to near $10 billion, the South American country's central bank said in a statement on Friday, a boost to its dwindling foreign currency reserves.June 2, 2023.

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Barter trade set to start with Afghanistan, Iran, Russia

Dawn 03 Jun 2023

KARACHI ... Left with barely enough foreign exchange reserves to cover one month’s imports, the government is desperately trying to manage a balance of payments crisis and bring inflation under control after it hit a record of nearly 38 per cent last month ... State and privately owned entities would need approval to participate in the trade mechanism ... .

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Sri Lanka President urges party unity to handle economic crisis

The Siasat Daily 03 Jun 2023

Colombo ... Also Read. SL slashes policy rates to boost economy and curb inflation ... Sri Lanka was hit by an unprecedented financial crisis in 2022, the worst since its independence from Britain in 1948, due to a severe paucity of foreign exchange reserves, sparking a major political and humanitarian crisis in the island nation ... .