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The Latest Breaking News from central bank

Thousands of planned apartments ‘will never get built’

Thousands of apartments outside Dublin that have planning permission will probably never be built because they’re not financially viable, according to a report published on Thursday morning.

Irish Independent

Central Bank chief wants TDs to ban crypto advertising to young people

Cryptocurrency advertising targeted at young people should be banned, the Governor of the Central Bank of Ireland told TDs and senators today.

Irish Independent

Sri Lanka says debt-restructuring talks making progress

Debt-stricken Sri Lanka’s Central Bank chief says the country is making good progress in talks with its creditors to obtain financial assurances for debt restructuring, an important step toward finalizing an International Monetary Fund rescue plan

The Independent UK

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Lebanese Protest Record-Low Value of Local Currency

Protesters burned tires and held up handfuls of local currency bills on Wednesday at the entrance of the Lebanese Central Bank in Beirut, furious over the spiraling devaluation of the lira. Lebanon's economic meltdown, which began in 2019, has cost the lira around 97% of its value. The decline has…

Asharq Al-Awsat

Lebanese protest record-low value of local currency

Protesters burned tyres and held up handfuls of local currency bills on Wednesday at the entrance of the Lebanese central bank in Beirut, furious over the spiralling devaluation of the lira.

Reuters

Hundreds in Baghdad protest devaluation of Iraq's currency

Hundreds of protesters have gathered near the Central Bank in the Iraqi capital, Baghdad, angered by the recent devaluation of the Iraqi dinar and demanding the government take action to stabilize the currency

The Independent UK

Saudi Arabia Seeks to Accelerate Development of Digital Currency

As the Saudi Central Bank (SAMA) said on Monday that it was carrying out experiments with a central bank digital currency and exploring the potential benefits and risks of its use, economists told Asharq Al-Awsat that the local market was ready and enjoyed the ability to deal with the project…

Asharq Al-Awsat

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Iraqi PM Replaces Central Bank Governor over Currency Drop

Iraq’s prime minister on Monday replaced the governor of the country's Central Bank following a weekslong plunge of the Iraqi dinar, the state news agency reported. Prime Minister Mohammed Shia al-Sudani made the move after the governor, Mustafa Ghaleb Mukheef, told him he no longer wishes to stay in the…

Asharq Al-Awsat

European Delegation Ends 1st Round of Questioning in Lebanon

A European legal team on Friday wrapped up the first round of questioning of Lebanese bankers and current and former Central Bank officials in Beirut, officials in Lebanon said. The questioning is part of a probe on money laundering linked to Lebanon’s Central Bank governor. Lebanon is grappling with the…

Asharq Al-Awsat

How increasing interest rates are changing 2023’s mortgage game

As we wave goodbye to a decade of low mortgage rates, 2023 will be the year for homeowners to take control and make smart decisions to keep their biggest outgoing affordable.

Irish Independent

European delegation ends 1st round of questioning in Lebanon

Judicial officials say a European legal team has wrapped up the first round of questioning of Lebanese bankers and current and former Central Bank officials in Beirut

The Independent UK

Brazil government does not plan to interfere in central bank, says minister

Brazil's government does not intend to make changes to the country's central bank, Institutional Relations Minister Alexandre Padilha said on Thursday, seeking to appease markets after leftist President Luiz Inácio Lula da Silva's public criticism of the institution.

Reuters

Inheritances are not contributing to wealth inequality, study finds

INHERITANCES play a major role in helping offspring buy homes, but valuables passed on to sons and daughters are not major contributors to wealth inequality, a study has found.

Irish Independent

Vacuum Threatens Vital State Positions in Lebanon

Institutional collapse in Lebanon is accelerating in a way that has left the country unable to manage the crises it has been facing for the past three years. Vacuum not only ails the Lebanese presidency or government, but it also threatens vital state positions. For example, the mandate of Central…

Asharq Al-Awsat

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Irish Independent

This Working Life – Why having kids at home made aviation high-flyer more productive at work

I joined Vistra in May 2022 as head of aviation. At that time their aviation business was Canyon CTS. It’s been rebranded to Vistra and in October I became MD of Vistra Ireland. With 190 employees and four pillars – aviation, corporate services to other structured finance products, corporate accounting…

Irish Independent

Do not allow bankers to go back to getting bonuses, says Oireachtas committee

A powerful Oireachtas committee has questioned the decision of the Government to allow bailed-out banks to pay bonuses to their bosses.

Irish Independent

Insurers accused of flouting bank’s rules on homes premiums

Home insurers have been accused of flouting Central Bank rules banning them from punishing the loyalty of customers as prices for home cover continue to rise.

Irish Independent

‘Buy now, pay later’ might look like a bargain, but debts have to be repaid

January is both the longest month, and the most expensive one. Although the spending was done before Christmas, it’s these weeks that the bills land.

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Reuters

Cuba says vulture fund seeking 72 million euros never a creditor as UK court begins proceedings

Cuba's Central Bank on Friday lashed out against a "vulture fund" seeking to cash in on unpaid government debt lingering from the era of former leader Fidel Castro, calling illegitimate its claims against the Communist-run island in a London court.

Irish Independent

Central Bank says it overcharged credit unions for contributions to rescue fund

A number of credit unions are in line for a refund from the Central Bank after an error was made in how much they should contribute to a fund operated by the regulator.

Irish Independent

Central Bank makes error in deposit guarantee scheme calculations

The Central Bank has admitted to making calculation errors on mandatory payments it collects from credit unions for the Deposit Guarantee Scheme.

Irish Independent

Net lending to SMEs increases as payments fall

Small and medium businesses increased net borrowing in the year to the end of September for the first time in more than a decade, according to new data from the Central Bank.

Irish Independent

Cash is back as inflation forces more of us to get a grip on our money

Cards, contactless and Covid have cooled but not broken the habit of using cash in Ireland and it remains far more common here than in the rest of the eurozone.

The Independent UK

European legal team arriving in Lebanon in corruption probe

Lebanon's justice minister says a European judicial delegation from France, Germany, and Luxembourg has started to arrive in Lebanon to probe the country’s Central Bank governor and dozens of other individuals over suspected corruption

Irish Independent

Irish mortgage rates now cheaper than Eurozone average but increases are coming

MORTGAGE interest rates in this country stayed at record lows in November, with this country having the third cheaper rates in the Eurozone.

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