Latest News for: Asia central banks

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Kenya's horticulture exports up 14 pct in Q1

Xinhua 21 Jun 2024
NAIROBI, June 21 (Xinhua) -- Kenya's earnings from horticulture exports rose 14.3 percent in the first quarter of 2024, boosted by increased shipments to markets in Europe and Asia, the Central Bank said in new economic data released Friday.
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CBDCs Can Help Middle-East Boost Its Financial Inclusion Plan: IMF Survey

Bitcoin World 20 Jun 2024
A recent IMF survey conducted for Central Asia and the Middle East region shows that central bank digital currencies (CBDCs) may be useful for financial inclusion and lower financial costs.
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Meet in the middle

China Daily 20 Jun 2024
The European Bank for Reconstruction and Development released its final report on sustainable transport connections between Europe and Central Asia in 2023.
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CBDCs set to boost GCC’s cross-border payment efficiency: IMF

Khaleejtimes 20 Jun 2024
... including the UAE, Saudi Arabia, Bahrain, Kuwait, Oman and Qatar, an IMF blog said, quoting a recent departmental paper 'Central Bank Digital Currencies in the Middle East and Central Asia.'.
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Global stocks mixed as central banks hold off on rate cuts

Naharnet 20 Jun 2024
Also Thursday, Indonesia's central bank kept its benchmark rate steady at 6.25%. Indonesia's currency, like many in Asia, has weakened against the dollar, slowing moves by its central bank to cut rates, S&P Global Market Intelligence said in a report.
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Stock market today: Global stocks are mixed as central banks hold off on rate cuts

Wtop 20 Jun 2024
The central bank was ... Indonesia’s currency, like many in Asia, has weakened against the dollar, slowing moves by its central bank to cut rates, S&P Global Market Intelligence said in a report.
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Stock market today: Nvidia keeps flying and helps keep Wall Street near its records

The Call 20 Jun 2024
The central bank was ... Indonesia's currency, like many in Asia, has weakened against the dollar, slowing moves by its central bank to cut rates, S&P Global Market Intelligence said in a report.
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IMF: CBDCs Can Help Middle-East Boost Its Financial Inclusion Plan

Coinspeaker 19 Jun 2024
Surveying around 19 central banks, the IMF said that CBDCs may not be essential to achieving intended policy goals ... Several countries in the Middle East and Central Asia (ME&CA) region are exploring the use of Central Bank Digital Currencies (CBDCs).
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Central banks’ gold appetite grows despite record high prices

The Saigon Times 19 Jun 2024
Extraordinary market pressure, unprecedented economic uncertainty, and political upheavals around the world have kept gold front of mind for central banks,” said Shaokai Fan, global head of Central Banks & head of Asia-Pacific at WGC.
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The IMF advocates for CBDCs in the Middle East’s financial system

Cryptopolitan 19 Jun 2024
A survey conducted by the International Monetary Fund (IMF) of 19 central banks in the Middle East and Central Asia (ME&CA) region has found that central bank digital currencies (CBDCs) may not be necessary to achieve the intended policy goals.
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CBDC seen important priority for Gulf countries, says IMF blog

Gulf-Times 19 Jun 2024
This appears to be an important priority for oil exporters and the Gulf Co-operation Council (GCC) countries of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE,' an IMF blog said, quoting a ...
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IMF Says CBDCs Could Boost Middle East's Financial Inclusion, Payment Efficiency

CoinDesk 19 Jun 2024
Central bank digital currencies (CBDCs) may not be essential to ...
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Emerging markets in 'wait for Fed' mode as US central bank scales back interest rate cuts

The National 19 Jun 2024
In the Asia-Pacific region, Mr Gruenwald said central banks are wary of “getting ahead of the Fed” because it could ramp up capital outflows and weaken their currencies ... The central bank's governor called this a “pre-emptive” move.
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China, IMF to Open Shanghai Hub to Strengthen Asia-Pacific Cooperation

Caixin Online 19 Jun 2024
... in the Asia-Pacific, the Washington-based lender announced on Tuesday in a joint statement with China’s central bank.
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The BRICS Weigh in on Palestine

The Liberty Beacon 19 Jun 2024
The Central ... There are no less than 26 mBridge observers – quite a mixed bag, including the China-led Asia Infrastructure Investment Bank (AIIB), the European Central Bank, the IMF, and the World Bank.

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