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.
The United States in July dropped a threat to impose tariffs on Vietnamese goods after the country’s central bank agreed with the U.S ...Switzerland’s finance ministry repeated its longstanding denial that the country’s central bank engages in manipulation of the franc for an economic advantage.
On Thursday, South Korea halted quarantine exemptions for fully vaccinated inbound travellers for two weeks, while the Japanese central bank warned of economic pain as countries respond with tighter curbs. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan...
Since last October, Cambodia’s central bank has been trialing Bakong, a peer-to-peer fund transfer service ... Neither is it a central bank digital currency, as Chea Serey, the central bank’s vice-governor, has been at pains to stress in recent months ... Cambodia’s central bank is cutting a path in SoutheastAsia.
Tajikistan, one of the poorest countries in the Europe and CentralAsia region, was among the first countries to receive emergency support from the WorldBank to respond to the pandemic ... World Bank assistance to the Europe and Central Asia region has also included income support for poorest and most vulnerable households, and for the unemployed.
The broadly positive performance across Asia came after Fed boss JeromePowell put the central bank on the path to removing its vast financial support measures at a quicker pace than first flagged, and lifting interest rates next year.
Losers overwhelmed gainers, 165 to 40, with 42 issues unchanged. SM Prime Holdings Inc ...Jakarta sank ... The broadly positive performance across Asia came after US Federal Reserve boss JeromePowell put the central bank on the path to removing its vast financial support measures at a quicker pace than first flagged, and lifting interest rates next year ... .
The warning comes a day after global financial markets started the week on firm footing, with analysts pointing to the new variant as a cause for central banks to rein in recent tightening of monetary policy ...The Russian central bank said it will pursue monetary policy that will bring inflation back to its 4% target by the end of 2022.
Key resistance and support levels for Bank Nifty are 36,628 and 35,663, respectively,” said Mohit Nigam, Head - PMS, Hem Securities ...Asian markets were mostly mixed in early trade as the spread of the Omicron variant in developed nations threatened to derail economic recoveries and the tightening plans of some central banks.
Asian markets were mostly mixed in early trade as the spread of the Omicron variant in developed nations threatened to derail economic recoveries and the tightening plans of some central banks. MSCI's index of Asia-Pacific shares outside Japan was up by 0.06 per cent.