currency

BSTDB’s Local Currency Loan to TBC Bank Helps Georgian SMEs

The FINANCIAL — 20 June 2018- The Black Sea Trade and Development Bank (BSTDB) provides a 120 million Georgian Lari loan (equivalent of USD 50 million) to TBC Bank to finance investments and working capital needs of Georgian small and medium-sized businesses (SMEs). This is the second local currency SME facility that BSTDB extends to TBC Bank since 2015, bringing the total amount to the equivalent of USD 70 million. By providing for local currency lending to…

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Brazil currency rebounds as central bank calms markets

By Reuters Published: 13:49 EDT, 8 June 2018 | Updated: 13:49 EDT, 8 June 2018 SAO PAULO, June 8 (Reuters) – Brazil’s currency rebounded sharply on Friday, posting its biggest daily percentage gain against the U.S. dollar in nearly a decade after Central Bank President Ilan Goldfajn stepped up market intervention to pull the exchange rate back from a nearly two-year low. The Brazilian real gained more than 5 percent during the session, its biggest gain since the volatility of…

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CURRENCY DEVALUATION IN FIJI ALREADY WORKING

Central bank notes foreign reserve increase SUVA, Fiji (Fijilive, April 29, 2009) – Thirteen days after the Fiji dollar was devalued by 20 per cent, the country’s central bank says this has already impacted on its foreign reserves positively. Reserve Bank governor Sada Reddy said since the implementation of devaluation on April 15, immediate improvements were seen in the level of foreign reserves and commercial banks’ liquidity. Reddy said foreign reserves which were $441 million [US$200.8 million] prior to devaluation…

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Another look at the China currency swap :: Bestnaira.com

    But more important is the expected easing of pressure on foreign currency reserves and exchange rate in Nigeria. This may not be so critical now that foreign reserve is on bumper profile but when placed at the time the idea was conceived, Nigeria really needed such agreement to stay alive in international trade. Bilateral trade volume between Nigeria and China was about $12.3 billion between January and November 2017. Nigeria is the second biggest importer of Chinese products…

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What Are We Learning? – Federal Reserve Governor Lael Brainard, At The Decoding Digital Currency Conferencesponsored By The Federal Reserve Bank Of San Francisco, San Francisco, California

Cryptocurrencies, Digital Currencies, And Distributed Ledger Technologies: What Are We Learning? – Federal Reserve Governor Lael Brainard, At The Decoding Digital Currency Conferencesponsored By The Federal Reserve Bank Of San Francisco, San Francisco, California Skip to main Content Source link

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Community support as business’ most treasured currency – Punch Newspapers

For businesses that are desirous of gaining the trust and loyalty of their stakeholders, particularly, customers, supporting the community where they operate and thrive is a currency that must be treasured, OZIOMA UBABUKOH writes Generally known as Corporate Social Responsibility, community support, according to experts, is businesses’ way of giving back to the society where they operate. Whether physical or intangible (businesses’ intangible impacts in the society have value but do not exist physically), community support, in experts’ views, is…

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Israels foreign currency market in the first quarter 2018

Israel : Israels foreign currency market in the first quarter 2018 Apr 27, 2018 (Euclid Infotech Ltd via COMTEX) — The Exchange Rate Weakening of the shekel against the dollar, together with a weakening of the dollar worldwide. During the first quarter, the shekel weakened by 1.4 percent against the dollar, and by 4.2 percent against the euro. Against the currencies of Israel’s main trading partners, in terms of the nominal effective exchange rate of the shekel (i.e., the trade-weighted…

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UPDATE 1-Daimler sees currency effects tempering…

By Reuters Published: 02:38 EDT, 27 April 2018 | Updated: 02:58 EDT, 27 April 2018 FRANKFURT, April 27 (Reuters) – Daimler said currency headwinds will dampen revenue growth at its Mercedes-Benz luxury vehicles division this year, after foreign exchange effects and the absence of one-off gains pushed the group’s first-quarter operating profit 12 percent lower. Daimler’s Chief Financial Officer Bodo Uebber said the company now expected a burden on earnings this year in excess of 1 billion euros tied to…

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President assures people of meeting domestic currency needs

President Hassan Rouhani on Sunday assured the Iranian people that the government owns sufficient foreign exchange reserves to meet their domestic currency needs. Talking to reporters at the end of the meeting of three branches of power on Sunday, he added that the meeting dealt with public demands as well as the problems facing the people, IRNA reported. Regional developments and other topics including the 2015 nuclear deal, officially known as Joint Comprehensive Plan of Action (JCPOA) which…

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Currency trading volumes hit record highs in first quarter

By Reuters Published: 06:27 EDT, 19 April 2018 | Updated: 06:27 EDT, 19 April 2018 LONDON, April 19 (Reuters) – Foreign exchange trading volumes rose to a record high in the first three months of the year, data from CLS showed on Thursday, as a rise in volatility from multi-year lows encouraged more buying and selling of currencies. The numbers released by CLS, a major settler of trades in the foreign exchange market, follows a huge surge in trading on…

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UPDATE 2-Schneider Electric makes strong start to 2018 as China demand offsets currency impact – Macroeconomic News

* Strong demand in Asia-Pacific helps beat expectations * Revenue up 6.2 percent organically at EUR 5.80 bln * Western Europe stagnates, Brexit worries * Confirms FY outlook * Shares rise 2 pct (Adds exchange rate and acquisitions impact, share price) April 19 (Reuters) – French electrical equipment maker Schneider Electric beat market expectations with 6.2 percent organic growth in first-quarter revenue, buoyed by an upbeat performance by both of its businesses and strong demand in China. The company reported…

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Cboe SEF Launches Two New NDF Currency Pairs

Cboe Global Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE), one of the world’s largest exchange holding companies, today announced that its swap execution facility, Cboe SEF, has launched trading of U.S. Dollar (USD)/ Russian Ruble (RUB) and USD/Peruvian Sol (PEN) non-deliverable foreign exchange forward currency pairs. Bryan Harkins, Executive Vice President and Co-Head, Markets Division, at Cboe, said: “We have seen success in trading non-deliverable forwards, which launched on Cboe SEF late last year. As we continue to build this…

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UPDATE 1-U.S. dollar share of global currency reserves…

By Reuters Published: 17:02 EDT, 1 April 2018 | Updated: 17:02 EDT, 1 April 2018 By Richard Leong March 30 (Reuters) – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund declined in the final quarter of 2017 to a four-year low, as other currencies’ shares of reserves grew, data released on Friday showed. The share of dollar reserves has declined for four straight quarters as the greenback weakened in 2017 due to faster growth outside…

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U.S. dollar share of global currency reserves hits…

By Reuters Published: 18:22 EDT, 30 March 2018 | Updated: 18:22 EDT, 30 March 2018 By Richard Leong March 30 (Reuters) – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund declined in the final quarter of 2017 to a four-year low, as other currencies’ shares of reserves grew, data released on Friday showed. The share of dollar reserves has declined for four straight quarters as the greenback weakened in 2017 due to faster growth outside…

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U.S., S.Korea to revise trade pact with currency…

By David Lawder WASHINGTON/SEOUL, March 28 (Reuters) – The United States and South Korea agreed to revise their six-year-old trade pact with a side deal to deter competitive currency devaluation by Seoul and with concessions for U.S. autos and pharmaceutical companies, Trump administration officials said on Tuesday. They told reporters that the deal includes provisions outlined by South Korean officials on Monday, including a 20-year extension of the 25-percent U.S. tariff on pickup trucks and a doubling of the Korean…

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Venezuela’s currency plumbs unknown depths

EVEN a modest rate of inflation compounds over time. This is why your tipsy grandfather might wistfully recall how little a pint of beer cost in his heyday. In Venezuela, where prices are rising at a four-figure annual rate, the good old days were last month. The defence minister, Vladimir Padrino López, on January 19th urged business leaders to peg back prices to their levels of December 15th, when presumably everything was just fine. The spending power of the bolívar,…

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