“However, as a rule, an economy with consistent higher inflation stands the risk of a weak currency , which raises concern for the naira.” The Central Bank of Nigeria offers dollars at twice-weekly auctions and interbank trading to maintain exchange … See all stories on this topic »

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Nigeria Naira Climbs as Dollar Sales Outweigh Inflation Concern

The banking system's net forex position was CNY25.50 trillion at the end of January, up from CNY25.36 trillion at the end of December, the central-bank data showed. Although the data include purchases and sales by commercial banks and other financial … See all stories on this topic »

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China Banking System Net Forex Purchases CNY140.9 Billion In January

Fischer, who is serving his second term as governor, began buying foreign currency in 2008 after the shekel reached a 12-year high. That more than doubled the central bank's reserves in an effort to help exports, which are equal to 40 percent of gross … See all stories on this topic »

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Israel Safest as Investors Discount War Threat

The Central Bank gave a one-year grace period for existing money changers to implement the measure. But new currency changers would have to implement the hikes immediately. “The currency exchange profession is [key] to the Lebanese financial sector. See all stories on this topic » The Daily Star

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Money changers seek review of required capital

Eventually, the real exchange rate, which is the nominal exchange rate adjusted for the differences in domestic and foreign inflation, tended to appreciate against the dollar and other foreign currencies . According to the Central Bank figures, … See all stories on this topic »

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Rupee depreciation follows the 'Dutch disease'

“The currency's performance has been underpinned by recent strong dollar sales by oil companies” and “continued foreign exchange sales by the Central Bank of Nigeria,” Ridle Markus, Dumisani Ngwenya and Mike Keenan, Johannesburg-based Africa analysts … See all stories on this topic »

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Nigeria's Naira Heads for Third Weekly Gain on Dollar Inflows

File By GEOFFREY IRUNGU (email the author) Foreign currency worth Sh17 billion ($201 million) flowed out of Kenya before the drastic fall of the shilling last October, data from the Central Bank of Kenya (CBK) shows. Panicky importers rushed to buy … See all stories on this topic » Business Daily Africa

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Flight of Sh17bn in foreign currency sparked shilling's rapid fall as banks …

The Colombo gauge has slumped 13 percent in 2012, the most among 93 major gauges tracked by Bloomberg, as the central bank raised interest rates, while the government scrapped a currency trading band against the dollar to help preserve its foreign – … See all stories on this topic »

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Sri Lanka May Remove Stock Trading Limits, Exchange Chief Sellahewa Says

Losses in the rupiah were limited on speculation the central bank intervened in the currency market to curb volatility. European officials are debating the details of a rescue package for Greece as a March 20 deadline for repaying 14.5 billion euros … See all stories on this topic »

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Rupiah Drops a Third Day on Greek Bailout Delay; Bonds Decline

You can leave a response or trackback to this entry Sri Lanka's Central Bank says the current developments taking place in the Forex market, which dealers describe as “volatile” is only a temporary development. The Bank says the recent depreciation of … See all stories on this topic » News360.lk

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Forex market developments a temporary situation – Central Bank