Tag: MEAST
Nigeria gets refineries investment, forex pledge from Saudi Arabia
Nigeria's President Bola Tinubu looks on after his swearing-in ceremony in Abuja, Nigeria May 29, 2023. REUTERS/Temilade Adelaja/File Photo Acquire L [...]
Japan tells G20 it may need to act in FX market
Japanese Finance Minister Shunichi Suzuki arrives for a news conference during the annual meeting of the International Monetary Fund and the World Ban [...]
Bank of Israel to sell $30 billion of forex to stabilize shekel amid Gaza war
JERUSALEM, Oct 9 (Reuters) - The Bank of Israel said on Monday it will sell up to $30 billion of foreign currency in the open market, the central bank [...]
Turkey begins rolling back costly FX-protected deposits
Woman holds Turkish Lira banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsANKARA, Aug 20 (R [...]
Turkish lira extends losses as Ankara loosens grip on forex market
Lira hits fresh record low versus dollarFall shows move towards freely traded currency - economists'No air of panic' in markets, says traderInvestors [...]
Lira plunges more than 7% as Turkey edges towards free market
Currency in worst selloff since historic 2021 crashAfter election, state's FX-stabilising measures loosenErdogan signalled policy U-turn in naming Sim [...]
Egypt’s central bank taking action to regulate forex market
CAIRO, Dec 26 (Reuters) - Egypt's central bank said on Monday it is taking all necessary actions to regulate the foreign exchange market and achieve m [...]
Turkish watchdog cuts banks’ forex to capital ratio limit
ISTANBUL, Dec 10 (Reuters) - Turkey's BDDK banking watchdog has set the foreign currency net position to standard capital ratio for banks at a maximum [...]
Egypt’s currency slides as IMF deal triggers new FX regime
Central bank hikes rates in effort to contain inflationIMF says deal can catalyze about $5bln in FY 2022/33Finance rules that snarled imports to be ph [...]
Turkey halts lending to more FX-rich firms to boost lira
ISTANBUL, Oct 21 (Reuters) - Turkey tightened lending rules for many companies with more than $500,000 in foreign currency cash on Friday, sweeping up [...]
EXCLUSIVE Lebanon will gradually phase in new official FX rate, PM says
Lebanese PM says new FX rate to be implemented graduallyAfter IMF criticism, Mikati says Beirut is committed to dealPM says feels savers' pain but war [...]
Lira near record low; FX windfall seen paving way for Turkey rate cut
Turkish lira banknotes are seen in this illustration taken in Istanbul, Turkey November 23, 2021. REUTERS/Murad Sezer/IllustrationRegister now for FRE [...]
Turkey imposes restrictions on lira loans to FX rich companies – watchdog/Anadolu
ISTANBUL, June 24 (Reuters) - The Turkish BDDK banking watchdog has imposed restrictions on extending lira loans to companies with high levels of fore [...]
FX steady with eyes on Russia-Ukraine; S.African rand up before budget
U.S. and allies ramp up Russia sanctionsRouble reverses course to slip 0.3%MSCI's FX, stocks up ~0.3% eachRand gains ahead of national budgetFeb 23 (R [...]
Russian rouble rises, outshines EMEA FX for the week
Rouble up 2.2% for the weekTurkish consumer confidence slips 2.8% in FebS.African Rand eyes third straight weekly gainFeb 18 (Reuters) - The Russian r [...]