cbn currency exchange rate foreign exchange market naira depreciation Category: Business Nigeria CBN’s Olayemi Cardoso Addresses Floating the Naira and Its Impact on Inflation CBN Governor Olayemi Cardoso explained the rationale for floating the Naira to align official rates with market realities. He...
For the full year of 2023, the country's forex reserves rose by $110.29 billion while gold reserves were up by 7.23 million ounces. The SAFE attributed the increase to the comprehensive impact of exchange rate conversions and changes in asset prices. The prices of global financial assets increa...
For the full year of 2023, the country's forex reserves rose by $110.29 billion while gold reserves were up by 7.23 million ounces. The SAFE attributed the increase to the comprehensive impact of exchange rate conversions and changes in asset prices. The prices of global financial assets increa...
an official of the PBOC, said the central bank will continue to promote market-oriented reform and flexibility of the RMB exchange rate, which will be given full play to the role of regulating the macro economy and stabilising balance of payments. The PBOC vowed to keep the yuan stable and ...
During a State Council policy briefing on foreign trade Wednesday morning, Zhou Yu, an official of the PBOC, said the central bank will continue to promote market-oriented reform and flexibility of the RMB exchange rate, which will be given full play to the role of regulating the macro econom...
The SAFE attributed the increase to the comprehensive impact of exchange rate conversions and changes in asset prices. The prices of global financial assets increased versus a decline in the US Dollar Index in December. In 2023, China's international balance of payments remained basically stable ami...
China has continued to record a net inflow of cross-border capital and has maintained the yuan's generally stable exchange rate as Chinese banks reported a large net foreign exchange purchase last month, official data showed on Tuesday. Chinese lenders bought $229.7 billion worth of foreign curren...
(CSRC) announced a detailed mechanism with 165 rules on registration-based IPOs system, and another 108 accompanying policies were unveiled by stock bourses, National Equities Exchange and Quotations, and China Clear. The new rules are effective immediately, signaling the official implementation of ...
leapfrog development. With strong support from the government, Macao has fully leveraged its unique advantages, resulting in a staggering leap in GDP from 51.9 billion Macao patacas to an impressive 379.5 billion patacas in 2023—approximately $47 billion based on the 2023 average exchange rate....
(CSRC) announced a detailed mechanism with 165 rules on registration-based IPOs system, and another 108 accompanying policies were unveiled by stock bourses, National Equities Exchange and Quotations, and China Clear. The new rules are effective immediately, signaling the official implementation of ...