Central Asia is the core region of the Asiancontinent and stretches from the Caspian Sea in the west to China in the east and from Afghanistan in the south to Russia in the north. It is also sometimes referred to as Middle Asia, and, colloquially, "the 'stans" (as the six countries generally considered to be within the region all have names ending with the Persian suffix "-stan", meaning "land of") and is within the scope of the wider Eurasian continent.
Various definitions of Central Asia's exact composition exist, and not one definition is universally accepted. Despite this uncertainty in defining borders, the region does have some important overall characteristics. For one, Central Asia has historically been closely tied to its nomadic peoples and the Silk Road. As a result, it has acted as a crossroads for the movement of people, goods, and ideas between Europe, Western Asia, South Asia, and East Asia.
The primary function of a central bank is to control the nation's money supply (monetary policy), through active duties such as managing interest rates, setting the reserve requirement, and acting as a lender of last resort to the banking sector during times of bank insolvency or financial crisis. Central banks usually also have supervisory powers, intended to prevent bank runs and to reduce the risk that commercial banks and other financial institutions engage in reckless or fraudulent behavior. Central banks in most developed nations are institutionally designed to be independent from political interference. Still, limited control by the executive and legislative bodies usually exists.
World stocks spurted to record highs ahead of the Federal Reserve's policy meeting later this week, with investors wagering on a continuation of its dovish stance even as the US central bank gets ready to discuss tapering its massive bond-buying programme. Elsewhere in Asia, bourses in Tokyo and Seoul ended on a positive note.
IRICA ... Rouhani touched on his administration’s battle with the cruel sanctions, saying a great deal of effort has been made by the CentralBank of Iran to ease the import of agricultural inputs. -- Iran DownQatar at FIBAAsia Cup Qualifiers. Iran have inched closer to booking a ticket to the 2021 FIBA Asia Cup after beating Qatar by 38 points, 84-46.
During a visit to the country in 2011, ChinaDevelopmentBank's then-president Jiang Chaoliang said that the bank had loaned Turkmenistan $8.1 billion for the projects. The pipeline known as the CentralAsia-China pipeline began deliveries in late 2009 and currently has three strands.
(Reuters) – Global equity funds faced big outflows in the week to June 9, as investors were wary ahead of U.S ... However, the outflows were mainly focussed on U.S ... Subscribe. ... In Asia, South Korean equity funds faced $2.2 billion worth of outflows on concerns that its central bank might tighten its monetary policy earlier than expected ... .
Focus will now be on the Fed's monetary policy meeting next week for more clues about the central bank's stance on tapering its massive stimulus ...The EuropeanCentralBank maintained an elevated flow of stimulus as expected on Thursday, fearing that any retreat now would ...
This makes MAS the first central bank in Asia, and the second globally after the Bank of England, to publish a standalone sustainability report covering environmental risk and sustainability efforts across all its functions and operations.
Investors are uneasy about high valuations in the home market, while they looked to key central bank meetings for clues on the direction of the world economy, news agency Reuters cited analysts as saying ...The EuropeanCentralBank is also set to meet later in the week.
South Korea's economy grew slightly faster than expected in the first quarter, thanks to a robust recovery of exports and facility investment, inching the nation's economic growth closer to the pre-pandemic level, central bank data showed on Wednesday. Asia's fourth-largest ...
Seoul, June 9 (IANS) South Korea's economy grew slightly faster than expected in the first quarter, thanks to a robust recovery of exports and facility investment, inching the nation's economic growth closer to the pre-pandemic level, central bank data showed on Wednesday.
The WorldBank says that Europe and CentralAsia continue to grapple with containing the coronavirus pandemic, which is clouding the economic outlook for the region ... The World Bank includes the following countries in its forecasts for the Europe and Central Asia region.