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The Latest Breaking News from central bank

Russia vows to continue Mir bankcard expansion after new U.S. sanctions

Russia's central bank on Friday pledged to keep expanding the number of countries that accept its Mir bank cards after new U.S. sanctions targeting people and entities accused of helping Moscow skirt financial sanctions.

Reuters

Fuel Prices Skyrocket, Transportation Becomes a Luxury in Lebanon

The price of gasoline imports in Lebanon has turned into a daily nightmare for the Lebanese, who are left to suffer the brunt of a crippling economic crisis that has swept the Mediterranean nation since late 2019. The Central Bank said last year that it would stop providing dollars at…

Asharq Al-Awsat

Lebanon: Central Bank lifts all expensive fuel subsidies

The Lebanese Central Bank has lifted its remaining subsidies on fuel

The Independent UK

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Russia Seeks To Legitimize Use Of Cryptos In Cross-border Payments

The Ministry of Finance and the Bank of Russia have reconsidered their stance on cryptocurrencies, a step needed to legitimize cross-border payments in these currencies, according to the country's Deputy Finance Minister Alexei Moiseev.

Benzinga

Qatar Central Bank Issues Treasury Bills Valued at $163.3 Mln for Sept.

The Qatar Central Bank (QCB) issued treasury bills for September for three, six and nine months, with a value of QR 600 million ($163.6 million). In a statement, QCB said the treasury bills were distributed as follows: QR 300 million for three months at an interest rate of 1.09 percent,…

Asharq Al-Awsat

Egypt Approves Extraordinary Measures to Limit Rise in Prices

Egypt approved extraordinary measures aimed at facilitating the release of imports and easing measures on investors and importers to limit the continued rise in prices. Importers in Egypt find it difficult to provide hard currency, which facilitates the release of goods and commodities that have accumulated at Egyptian ports, limiting…

Asharq Al-Awsat

Morning Digest | Indian mission in Sri Lanka slams Chinese Ambassador’s remarks on vessel visit; CWC to meet today to discuss party poll schedule; and more

Here’s a select list of stories to read before you start your day

The Hindu

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Reports detail how Haiti’s public administration is a cesspool of corruption

Fictitious government jobs and contracts, political patronage, embezzlement, and university employees and civil servants who use government bank accounts as their personal checkbooks.

Miami Herald

Ali Saleh to Saddam: War is Happening... Goal is to Destroy the Iraqi Army

Dr.

Asharq Al-Awsat

Lebanon’s President Urges Judges to Prosecute Central Bank Governor

Lebanese President Michel Aoun has called on the country’s judges to “rise up for their dignity and not to be afraid of the oppression of those in power.” He also urged the judiciary “to be completely liberated from any persuasion or intimidation,” specifically in the case of the prosecution of…

Asharq Al-Awsat

Yemen's Al-Alimi Heads to Saudi Arabia, UAE

Chairman of Yemen’s Presidential Leadership Council Dr. Rashad al-Alimi departed the interim capital Aden on Monday for an unofficial visit to Saudi Arabia and the United Arab Emirates, informed sources told Asharq Al-Awsat. Al-Alimi is seeking to accelerate the economic support and aid provided to his country, whether towards the…

Asharq Al-Awsat

Egypt Central Bank Denies Resignation of its Governor

The Central Bank of Egypt denied on Saturday reports of the resignation of its governor, Tarek Amer, following rumors that he would be part of a government reshuffle. Gamal Negm, the first deputy governor of the Central Bank, dismissed the reports about the resignation, stressing that Amer’s term ends in…

Asharq Al-Awsat

Reserve Bank to trial digital currency in 'limited-scale pilot' scheme

The Reserve Bank of Australia will trial its own digital currency as part of a research project to evaluate the future of Central Bank Digital Currencies (CBDC) in Australia.

ABC News

Argentina's latest economy minister warns he is no magician

Argentina’s third economy minister in a month has been sworn in, and as his first order of business Sergio Massa is seeking to bring down sky-high expectations for his tackling of the country's economic woes

The Independent UK

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Dublin Live

How to check if your €2 coin is fake as thousands of counterfeits seized in Dublin

Circulation of the fake €2 coins in Raheny sparked a garda investigation

Asharq Al-Awsat

Remittances of Moroccan Expats Reach $9.37Bln in 2021

Remittances from Moroccan expats hit a record high at 93.7 billion dirhams ($9.37 billion) in 2021, up 37.5% compared to 2020, Bank Al Maghrib’s (BAM) annual report on the kingdom’s economic, monetary and financial situation showed. Central Bank Governor Abdellatif Jouahri presented the report to King Mohamed VI at the…

The Conversation

Central bank digital currencies could mean the end of democracy

In recent years, we have witnessed a growing interest in the idea of central bank digital currencies. Similar to cash, central bank digital currencies are a form of money issued by central banks.

Asharq Al-Awsat

Saudi Arabia Completes E-Link Procedures to Automate Business Acceleration

The Saudi Central Bank (SAMA) completed the electronic linking procedures with the Saudi Center for Economic Business through the Tanfeeth program to directly link the technical systems of government agencies and banks operating in the Kingdom and integrate them.

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Asharq Al-Awsat

Lebanon: Judicial Report Lists Judge Aoun’s Violations in Raiding Central Bank

Wide political and judicial criticisms arose on Thursday after the latest raid conducted by Lebanese investigative judge Ghada Aoun against the country's Central Bank headquarters in Beirut’s Hamra area, in an attempt to arrest its governor, Riad Salameh. The incident triggered dismay among employees of the Central Bank who went…

Al Jazeera

Lebanon Central Bank workers strike after judge raids HQ

Judge Ghada Aoun was attempting to carry out an arrest warrant for the bank’s governor, Riad Salameh.

Irish Mirror

Government gold stocks double in a year as Government 'diversifies' amid inflation, Covid and Ukraine-Russia war

The Central Bank is 'diversifying' its national portfolio and is piling up the precious metal

The Hindu

Regulating digital currencies

Some experts and central bankers point to regulation as the way forward. And supervising stablecoins and crypto exchanges would be a much easier affair than exercising controls over individual financial crypto products.

The Independent UK

Argentina: Import blocks usher in fears of looming shortages

Business leaders across Argentina are scrambling as they try to deal with a fresh rash of import restrictions that many say are the most stringent in recent history as the government tries to shore up diminishing Central Bank reserves

Benzinga

Canadians Wake Up To A Jolt After Bank Of Canada Hikes Rates 1% Overnight: Will The US Follow Suit?

The S&P TSX Composite Index (TSX: TSX) was slammed on Wednesday, dropping to its lowest point since March 8, 2021 to bounce up off the $18,378.83.

Benzinga

Failure Of Stablecoins Could Have Catastrophic Broader Financial Implications: ECB

Given that the largest stablecoins serve a critical function for crypto-asset markets’ liquidity, the failure of one of the largest stablecoins could have wide-ranging implications for crypto-asset markets and in turn contagion effects on the financial system, according to the European Central Bank (ECB).

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