Surge seen in remittance flows since rupiah float – Business News
A sudden surge in remittances has been seen…
Browsing: central bank
Uncertainty on installment allowance of Rs. 38/- for $1
COLOMBO (News 1st); There is uncertainty regarding the incentives for workers’ remittances granted by the…
Kenya: World Remit sees technology speeding up remittances to Kenya
Nairobi – Global payments company, World Remit, is seeing remittances to Kenya grow aggressively in…
Tanzania, Uganda and South Africa are the main African markets for remittances to Kenya.
However, compared to the same period last year, remittances from the diaspora increased by 21.7%,…
Despite CBN claims of $100m Diaspora rebate, Nigeria’s foreign exchange reserves are running low
Recently, the Central Bank of Nigeria claimed that remittances from the Nigerian Diaspora increased significantly…
Despite CBN claims of $100m weekly remittance from diaspora, Nigeria’s foreign exchange reserves are depleting very quickly
Despite claims by the Central Bank of Nigeria that diaspora remittances jumped 1,566.6%, Nigeria’s foreign…
Lanka targets $10 billion in remittances by 2030
Foreign remittances to the country plummeted last year due to a thriving gray market offering…
Bitcoin Remittance Revolution: Will Africa Lead the Way?
Africa might as well be the new home of Bitcoin. Mobile phone penetration, weak national…
5 other income categories included
Overseas employees will receive a 2.5% cash incentive if they send five categories of service…
Expanded scope of cash incentive for remittances
The Bangladesh Bank on Thursday included five other sources of income, including pension benefits, of…
The scope of cash remittance incentives is expanding
Expatriate Bangladeshis will get a cash incentive of 2.5% if they pay five categories of…
Earnings from workers’ remittances plunge to new low in December – Business News
Despite various concessions offered, remittance income in December fell by 60% Full-year remittance revenue down…
Bahrain’s central bank completes JPM Coin remittance trial
Bahrain’s Central Bank has reportedly successfully completed an overseas funds transfer trial made possible by…
How technology is disrupting the global remittance industry
Through Alexander jones, International Banker This article originally appeared in the Fall / November 2021…
Incentive increased to 2.5% to stimulate remittances
The finance ministry on Saturday increased the incentive on the exchange rate of remittances to…
BB relaxes foreign transfer rules for foreign nationals
The Bangladesh Bank has relaxed the rules for sending remittances for foreigners working in Bangladesh.…
Sampath e-remittance offers a reward of Rs. 10 per US dollar for incoming foreign remittances – adaderana biz english
~ Supports CBSL’s efforts to encourage remittances to the country through formal channels ~ Sampath…
Balance of payments position expected to recover in part thanks to OFW’s remittances
RCBC Chief Economist Michael Ricafort (archive photo) MANILA – The position of the balance of…
JCB and DataChain explore the potential of a digital currency exchange platform
JCB Co., Ltd., Japan’s only international payment brand, and Datachain launched a demonstration experiment on…
Securitization of remittances could offer better terms and rates for borrowing country: ICRA Lanka – Business
Said that such arrangements are widely used by Latin American countries to solve their BoP…
Mastercard and ProgressSoft Partner to Simplify MENA Money Transfer Solutions
Enables banks to integrate Mastercard cross-border services twice as fast as before Dubai, United Arab…
JCB and Datachain Launch Demo Experience to Create ‘Digital Currency Exchange Platform’
TOKYO, December 9, 2021 – (JCN Newswire) – JCB Co., Ltd., Japan’s only international payment…
Transfer of funds abroad: public notice of the Central Bank of Sri Lanka
Colombo, December 5 (newsin.asia) – CBSL Notice The Central Bank of Sri Lanka (CBS) has…
Sri Lanka receives 7 responses to securitize remittances
ECONOMYNEXT – Sri Lanka’s central bank said it received 7 responses to a request for…
Remittances decline again in November
FE REPORT | Posted: Dec. 02, 2021, 8:43 a.m. | Update: 02, 2021, 11:47 a.m.…
Remittances slide to lowest level in 18 months
The flow of remittances to Bangladesh fell sharply in November, as expatriates in the country…
Shinhan Bank to Conduct International Stablecoin Remittance PoC on Hedera Network, in Partnership with Large Multinational Bank | national news
SEOUL, South Korea and DALLAS, November 29, 2021 / PRNewswire / – Shinhan Bank, the…
Shinhan Bank to Conduct International Stablecoin Remittance PoC on Hedera Network, in Partnership with Large Multinational Bank | Texas
SEOUL, South Korea and DALLAS, November 29, 2021 / PRNewswire / – Shinhan Bank, the…
Shinhan Bank to Conduct International Stablecoin Transfer PoC on Hedera Network, in Partnership with Large Multinational Bank
SEOUL, South Korea and DALLAS, November 29, 2021 / PRNewswire / – Shinhan Bank, the…
Fin-tech promises dynamism in remittances
Remittances to Bangladesh will pick up in the long run, aided by the rapid expansion…
No bank charges, please: the central bank’s digital currency will make payments like emails
Cross-border payments are inefficient, often slow, opaque and expensive. Businesses around the world made $…
Remittances decline for third consecutive month
Worker remittances fell for the third consecutive month in fiscal year 2021-2022 despite an increase…
Sri Lanka to raise foreign funds via remittance securitization – business news
The CB launches a call for tenders to banks and investors for a securitized financing…
Converting workers’ remittances to Sri Lankan rupees: CBSL issues clarification
Statement by the Central Bank of Sri Lanka The speculation that workers’ remittances will be…
Fintech not BTC the solution to low cost remittances
President of El Salvador Nayib Bukele highlighted the role bitcoin could play in lowering the…
CBSL creates new department to facilitate overseas remittances
COLOMBO (New 1st); The Central Bank of Sri Lanka (CBSL) has created a new department…
How Lemonade Finance responds to the remittance needs of the African diaspora – Quartz Africa
When young Africans leave their homes to seek a better life in developed countries, they…
Remittances to Bangladesh fall to $ 1.65 billion in October
FE REPORT | Posted: November 02, 2021, 8:37 a.m. | Update: Nov. 02, 2021, 12:17…
Influx of funds: Monday, the layoffs bring it down
“The decline in remittances through formal channels will put pressure on the government’s foreign exchange…
Is India walking on its own toes with cryptocurrency adoption?
Representative image. | Photo credit: iStock images Highlights The pandemic has accelerated the ongoing crypto…
Syria secretly stole $ 100million from UN donations by manipulating exchange rates, report says
Syrian President Bashar al-Assad. LLOUAI BESHARA / AFP via Getty ImagesThe UN has long channeled…
Exchange rate forecasts 2021-2022: RBC Capital Markets
RBC Capital Markets Investment Bank 2021-2022 Exchange Rate Forecast – updated October 2021. Federal Reserve…
Sri Lanka CB expects drop in remittances to reverse trend from October
ECONOMYNEXT – Sri Lanka’s central bank expects the downward trend in foreign remittances to reverse…
Remittances jump 12.5% in July-September to reach $ 8 billion
KARACHI: Remittances sent to Pakistan, a major support for the country’s economy and especially for…
CBDCs Can Halve Cross-Border Remittance Costs: BIS Report
The Bank for International Settlements (BIS) released a report touting the benefits of central bank…
e-Naira offers fast and cheaper payout option, according to CBN
Posted September 28, 2021 The Central Bank of Nigeria said the e-Naira would provide a…
Africa’s Crypto Market Grows 1200% As Remittances and Wealth Preservation Boost Adoption
The African cryptocurrency market grew by over 1200% between July 2020 and June 2021. This…
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Remittance payments to Afghanistan limited to local currency sources
LONDON, Sept. 11 (Reuters) – The Afghan central bank has ordered banks to pay remittances…
Global Forex Market Seen As Prime Means Of Negotiating Central Bank Policy Differences In Pandemic Era
In a world filled with many uncertainties, the nearly $ 7 trillion per day currency…
Invest remittances wisely, let your money grow
Al Mahmud, originally from Raiganj upazila of Sirajganj, went to Bahrain as a migrant worker…
Remittances drop for the third month of August
A file photo shows incoming passengers screened with a hand-held scanner at the capital’s Hazrat…
Global currency rally amid weak dollar faces US wage bill test
(Bloomberg) – A rally in global currencies led by a weaker dollar will need to…
Declining Workers’ Remittances Tightens Foreign Exchange Market
Reflecting the global economic setback caused by the COVID-19 pandemic, Sri Lankan workers’ remittances have…
What is a floor exchange rate?
According to a recent UNCTAD * survey, India is the third most attractive country after…
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Definition of online currency exchange
What is an online currency exchange? An online bureau de change, or electronic currency exchange,…
El Salvador’s Adoption of Bitcoin Will Change Central America’s Remittances
The reduction in the cost of transfers seems to be the main reason for the…
What makes the greenback the “global currency” – and why keep an eye on it? |
The US dollar is undoubtedly the “world currencyâ€. Not only is it the most recognized…
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Transfer fees key to adopting Salvadoran bitcoin plan – development bank
SAN SALVADOR, Aug.24 (Reuters) – Countries in Central America are eagerly awaiting whether El Salvador’s…
Singapore regulator grants first in-principle approval for digital currency exchange
The Monetary Authority of Singapore has granted its first in-principle approval for a digital currency…
Westpac Major Currency Exchange Rate Forecast: 2021, 2022 and 2023
Westpac Investment Bank 2021-2023 Exchange Rate Forecasts – Update July 2021 The Federal Reserve now…
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Analysis: Free Falling Dollar Falls To Lowest In Global Currency Heap
NEW YORK, May 25 (Reuters) – An accommodating Federal Reserve and accelerating growth abroad are…
The dollar’s slippery share of global currency reserves is a red herring
The dollar’s share in global currency reserves has slipped to its lowest level since the…
Share of US dollar in global foreign exchange reserves to lowest since 1995 | World news
The dollar’s share of global currency reserves fell in the fourth quarter to about 59%,…
China aims to transform the digital yuan into a truly global currency to compete with the US dollar
The balance could tip sharply in China’s favor if Beijing starts forcing other governments to…
Global currency reset on the horizon
The theory behind global currency reset is that the US dollar (USD) would lose its…
The Norwegian krone could be the world’s first global currency – Quartz
The value of Norway’s sovereign wealth fund, fueled by its oil and gas revenues, is…
3-12 month exchange rate predictions (2021-2022): ING
Summary of exchange rate forecasts (ING FX): – EUR / USD will climb to 1.22…
What’s next for global currency ETFs if Biden wins?
In the closing days of the US Presidential Races, investors may be interested in knowing…
UAE FX sector set to consolidate as remittances plummet
Further consolidation is expected in the UAE’s remittance sector, the world’s second-largest, as declining volumes…
Lebanese justice pledges to prosecute exchange rate manipulators
The Lebanese specter of legal and security lawsuits against currency traders has broadened widely over…
Lebanon blocks currency exchange apps and claims to share rates illegally – Middle East Monitor
Lebanon’s Telecom Ministry has issued an edict blocking access to around 28 exchange apps that…
Lebanon moves further away from dollar peg with wire transfer rate
BEIRUT (Reuters) – Lebanon moved away from its long-held dollar peg on Friday, with the…
Bitcoin as a global currency? Probably never, but neither does the mighty dollar – Middle East & Gulf News
Fiat-assisted cryptos like Libra could one day compete to become universal currencies that anyone, anywhere…
The digital dollar could protect the dollar’s status as a global reserve of currency
The digital dollar is the modern renaissance to fervently strengthen the US dollar’s position as…
China moves forward to make yuan a global currency
Beijing’s bold moves to globalize the yuan, such as its launch of yuan-denominated crude oil…
Tajikistan dependent on remittances blocks Russian wire transfer service
DUSHANBE / MOSCOW, December 4 (Reuters) – A Russian bank transfer service popular among Tajik…
Ripple Swell 2019: Can XRP Be a Global Currency? IMF Rajan’s Responses
Ripple’s Swell 2019 conference saw attendance from nearly 159 companies and was kicked off by…
US dollar share in global foreign exchange reserves at six-year low | Business and Economy
According to IMF data, the greenback reached the lowest percentage since 2013, the yen gaining…
Share of US dollar in global foreign exchange reserves at lowest since 2013: IMF data
Reuters Monday showed.Reserves held in U.S. dollars totaled $ 6.79 trillion, or 61.63 percent of…
Debate in Tunisia on the role of foreign exchange against the black market
The Central Bank of Tunisia (BCT) has authorized foreign exchange activities outside the banking system,…
Libra – A millennial global currency from Facebook
The publication of Satoshi Nakamoto’s article “A Peer-to-Peer Electronic Cash System” in October 2008, as…
Tanzania issues new rules to tighten foreign exchange controls
DAR ES SALAAM, June 25 (Reuters) – Tanzania has tightened its currency controls with new…
Trump ‘could start a global currency war’ next
WASHINGTON (AFP) – President Donald Trump’s renewed focus on what he calls “unfair” exchange rates…
Reviews | Launching a Global Currency is a Bold Bad Decision for Facebook
On Tuesday, Facebook, in partnership with a host of other big and powerful companies, including…
Brexit threatens British pound’s status as global currency, survey finds
Brexit is likely to threaten the pound’s status as a global reserve currency, according to…
The share of the US dollar in global foreign exchange reserves declined in the fourth quarter of 2018
NEW YORK (Reuters) – The share of the US dollar in foreign exchange reserves reported…
Navigate exchange controls when sending money abroad
Transferring money across borders doesn’t have to be daunting, as long as you understand the……
Turkish Lira crash spills over into global currency markets | Economy
A further fall in the Turkish lira rocked global currency markets on Monday amid concerns…
Rupee drops 15 paise against US dollar amid global currency turmoil
Mumbai: Caught in a fresh wave of global currency turmoil, the rupee fell sharply by…
China loses to US in global currency game
Fresh out of its battle to defend the yuan last year, China’s central bank is…