The article reports that the Central Bank of the United Arab Emirates (UAE) has no unilateral economic revaluation of the country. There are increasing questions which are being raised over the timetable for a proposed Gulf Cooperation Council (GCC) currency union and the feasibility of current ...
DUBAI - The Central Bank of the United Arab Emirates (CBUAE) said on Wednesday it has completed the world's largest pilot of central bank digital currencies (CBDC) transactions, with other regulators including the People's Bank of China's Digital Currency Institute. "The project mBridge dem...
The Central Bank of the UAE, CBUAE, has announced that, effective from Thursday, 22nd March 2018, it will raise interest rates applied to the issuance of its Certificates of Deposits in line with the increase in interest rates on US Dollar, following the Federal Reserve Board’s decision to...
Nigerian president asks central bank not to fund food imports Most GCC central banks base their rates on rates adopted by the US central bank. UAE and GCC central banks follow US central bank rate cut In March, the central bank decided to maintain its key interest rates for the 11th straigh...
Bank of England The Bank of England is the central bank of the United Kingdom, specializing in monetary and financial stability. The bank's primary functions include issuing banknotes, setting interest rates, and overseeing the financial system to ensure stability and resilience. It also engages ...
Emmanuel Tumusiime-Mutebile |GRADE: C The Bank of Uganda lowered the central bank rate by a full percentage point to 14% in August, citing the stability of the exchange rate and a gradual dampening of inflationary pressures this year. It was the third interest rate cut in 2016, totaling ...
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"In addition, the U.S. dollar has recently been appreciating against major currencies. The Bank of Tanzania also wishes to inform the public that the country has adequate foreign exchange reserves, which are sufficient to cover 4.9 months of imports of goods and services," the statement intoned...
Everything to know about central bank digital currencies (CBDCS), like how they work, the pros and cons, and which countries are trying them.