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MYSTERIOUS: 10 | Mind Blowing Facts

Morning Digest | Indian mission in Sri Lanka slams Chinese Ambassador’s remarks on vessel visit; CWC to meet today to discuss party poll schedule; and more

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The Hindu

Reports detail how Haiti’s public administration is a cesspool of corruption

Fictitious government jobs and contracts, political patronage, embezzlement, and university employees and civil servants who use government bank accounts as their personal checkbooks.

Miami Herald

Ali Saleh to Saddam: War is Happening... Goal is to Destroy the Iraqi Army

Dr.

Asharq Al-Awsat

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Lebanon’s President Urges Judges to Prosecute Central Bank Governor

Lebanese President Michel Aoun has called on the country’s judges to “rise up for their dignity and not to be afraid of the oppression of those in power.” He also urged the judiciary “to be completely liberated from any persuasion or intimidation,” specifically in the case of the prosecution of…

Asharq Al-Awsat

Yemen's Al-Alimi Heads to Saudi Arabia, UAE

Chairman of Yemen’s Presidential Leadership Council Dr. Rashad al-Alimi departed the interim capital Aden on Monday for an unofficial visit to Saudi Arabia and the United Arab Emirates, informed sources told Asharq Al-Awsat. Al-Alimi is seeking to accelerate the economic support and aid provided to his country, whether towards the…

Asharq Al-Awsat

Egypt Central Bank Denies Resignation of its Governor

The Central Bank of Egypt denied on Saturday reports of the resignation of its governor, Tarek Amer, following rumors that he would be part of a government reshuffle. Gamal Negm, the first deputy governor of the Central Bank, dismissed the reports about the resignation, stressing that Amer’s term ends in…

Asharq Al-Awsat

Reserve Bank to trial digital currency in 'limited-scale pilot' scheme

The Reserve Bank of Australia will trial its own digital currency as part of a research project to evaluate the future of Central Bank Digital Currencies (CBDC) in Australia.

ABC News

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Argentina's latest economy minister warns he is no magician

Argentina’s third economy minister in a month has been sworn in, and as his first order of business Sergio Massa is seeking to bring down sky-high expectations for his tackling of the country's economic woes

The Independent UK

How to check if your €2 coin is fake as thousands of counterfeits seized in Dublin

Circulation of the fake €2 coins in Raheny sparked a garda investigation

Dublin Live

Remittances of Moroccan Expats Reach $9.37Bln in 2021

Remittances from Moroccan expats hit a record high at 93.7 billion dirhams ($9.37 billion) in 2021, up 37.5% compared to 2020, Bank Al Maghrib’s (BAM) annual report on the kingdom’s economic, monetary and financial situation showed. Central Bank Governor Abdellatif Jouahri presented the report to King Mohamed VI at the…

Asharq Al-Awsat

Central bank digital currencies could mean the end of democracy

In recent years, we have witnessed a growing interest in the idea of central bank digital currencies. Similar to cash, central bank digital currencies are a form of money issued by central banks.

The Conversation

Saudi Arabia Completes E-Link Procedures to Automate Business Acceleration

The Saudi Central Bank (SAMA) completed the electronic linking procedures with the Saudi Center for Economic Business through the Tanfeeth program to directly link the technical systems of government agencies and banks operating in the Kingdom and integrate them.

Asharq Al-Awsat

Lebanon: Judicial Report Lists Judge Aoun’s Violations in Raiding Central Bank

Wide political and judicial criticisms arose on Thursday after the latest raid conducted by Lebanese investigative judge Ghada Aoun against the country's Central Bank headquarters in Beirut’s Hamra area, in an attempt to arrest its governor, Riad Salameh. The incident triggered dismay among employees of the Central Bank who went…

Asharq Al-Awsat

Lebanon Central Bank workers strike after judge raids HQ

Judge Ghada Aoun was attempting to carry out an arrest warrant for the bank’s governor, Riad Salameh.

Al Jazeera

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Irish Mirror

Government gold stocks double in a year as Government 'diversifies' amid inflation, Covid and Ukraine-Russia war

The Central Bank is 'diversifying' its national portfolio and is piling up the precious metal

The Hindu

Regulating digital currencies

Some experts and central bankers point to regulation as the way forward. And supervising stablecoins and crypto exchanges would be a much easier affair than exercising controls over individual financial crypto products.

The Independent UK

Argentina: Import blocks usher in fears of looming shortages

Business leaders across Argentina are scrambling as they try to deal with a fresh rash of import restrictions that many say are the most stringent in recent history as the government tries to shore up diminishing Central Bank reserves

Benzinga

Canadians Wake Up To A Jolt After Bank Of Canada Hikes Rates 1% Overnight: Will The US Follow Suit?

The S&P TSX Composite Index (TSX: TSX) was slammed on Wednesday, dropping to its lowest point since March 8, 2021 to bounce up off the $18,378.83.

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Benzinga

Failure Of Stablecoins Could Have Catastrophic Broader Financial Implications: ECB

Given that the largest stablecoins serve a critical function for crypto-asset markets’ liquidity, the failure of one of the largest stablecoins could have wide-ranging implications for crypto-asset markets and in turn contagion effects on the financial system, according to the European Central Bank (ECB).

Irish Mirror

From Dublin to Leitrim - Stunning houses for sale for under €200,000 around Ireland right now

One or two need some TLC before becoming forever homes, but some are in walk-in condition.

Asharq Al-Awsat

Taliban to Meet US on Releasing Frozen Afghan Funds after Quake

The United States and the Taliban plan talks Thursday in Qatar on unlocking some of Afghanistan's reserves following a devastating earthquake, officials said, with Washington seeking ways to ensure the money goes to help the population. The White House said it is working "urgently" on the effort, but a member…

Reuters

Costa Rica asks IMF for $700 million from new sustainability trust

Costa Rica has told the International Monetary Fund (IMF) it is interested in obtaining a nearly $700 million loan to invest in infrastructure from a newly created fund, the Central Bank said.

Benzinga

Qatar Central Bank in 'Foundation Stage' of Issuing a CBDC

The Qatar Central Bank (QCB) is in the foundation stage of issuing a Central Bank Digital Currency (CBDC) and it is working on finding the right technology and platform, the Central Bank’s Governor H E Sheikh Bandar bin Mohammed bin Saoud Al Thani has said.

Asharq Al-Awsat

Sources: Lebanon Central Bank Forensic Audit to Begin June 27

A team from US-based auditor Alvarez and Marsal (A&M) will arrive in Lebanon on June 27 and begin a long-delayed forensic audit of the country's central bank, two Lebanese official sources told Reuters. The forensic audit, to examine the bank's past financial transactions to boost transparency, has been a key…

Irish Mirror

CSO figures show Irish people are now almost 40 years old before they can buy their first home

The median age of single home buyers has risen above 40 while it stands at 38 for joint purchasers

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Banque du Liban

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