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EXPLAINED: 12 | Rare Historical Photos

Russia Seeks To Legitimize Use Of Cryptos In Cross-border Payments

The Ministry of Finance and the Bank of Russia have reconsidered their stance on cryptocurrencies, a step needed to legitimize cross-border payments in these currencies, according to the country's Deputy Finance Minister Alexei Moiseev.

Benzinga · Sep 6, 2022

Qatar Central Bank Issues Treasury Bills Valued at $163.3 Mln for Sept.

The Qatar Central Bank (QCB) issued treasury bills for September for three, six and nine months, with a value of QR 600 million ($163.6 million). In a statement, QCB said the treasury bills were distributed as follows: QR 300 million for three months at an interest rate of 1.09 percent,…

Asharq Al-Awsat · Sep 5, 2022

Egypt Approves Extraordinary Measures to Limit Rise in Prices

Egypt approved extraordinary measures aimed at facilitating the release of imports and easing measures on investors and importers to limit the continued rise in prices. Importers in Egypt find it difficult to provide hard currency, which facilitates the release of goods and commodities that have accumulated at Egyptian ports, limiting…

Asharq Al-Awsat · Aug 31, 2022

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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 · Aug 28, 2022

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 · Aug 27, 2022

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

Dr.

Asharq Al-Awsat · Aug 20, 2022

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 · Aug 17, 2022

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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 · Aug 16, 2022

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 · Aug 14, 2022

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 · Aug 8, 2022

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 · Aug 4, 2022

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 · Aug 3, 2022

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 · Aug 2, 2022

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 · Aug 1, 2022

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Asharq Al-Awsat · Jul 26, 2022

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 · Jul 21, 2022

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…

Al Jazeera · Jul 20, 2022

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.

Irish Mirror · Jul 18, 2022

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

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The Hindu · Jul 18, 2022

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 · Jul 15, 2022

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 · Jul 13, 2022

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.

Benzinga · Jul 11, 2022

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 · Jul 7, 2022

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 · Jun 30, 2022

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 · Jun 25, 2022

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.

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