Foreign Exchange
Ukraine’s governor on central banking as war endures
Andriy Pyshnyy speaks about Ukraine’s financial stability and need for investment
African states should end fixed exchange rates, IMF official says
More credibility on monetary policy is best cure for “fear of floating”, Selassie argues
Iran says it will start trading with Russia in rials soon
Central bank claims channel could support $1.5bn transactions but expert is sceptical
South Korea and Malaysia renew currency swap line
Bank of Korea and Bank Negara Malaysia resume arrangement that lapsed in 2023
Malaysian central bank holds policy rate
BNM’s efforts to support the ringgit are paying off, deputy governor says
Ukraine’s central bank lifts more currency restrictions
Moves will enable more investment and strengthen economic recovery, NBU says
Asean+3 to launch new financing facility
Thirteen Asian states say fund will deal with exogenous shocks’ effects on balance of payments
Sharp yen rises spark speculation over government intervention
Japanese minister refuses to comment on whether authorities acted to stem currency’s fall
Asian policy-makers move to support currencies
Indonesia and Vietnam intervene in markets, while Japan, Korea and Malaysia issue warnings
Nigerian governor declares fixed exchange rates are over
Cardoso says central bank plans to move to an inflation-targeting regime
Malaysia using more yuan and ringgit for trade, BNM says
Central bank says the use of dollars for settlement has remained stable over last 14 years
Malaysian central bank rebukes Google for exchange rate error
Google Malaysia says faulty exchange rate data came from third party and apologises for the error
Nigeria closes FX exchanges amid continuing currency problems
Authorities intensify actions against Binance and other cryptocurrency firms
Nigerian central bank hikes rates after long delay
Governor’s first MPC meeting announces 400bp rise as street protests over inflation grow
Malaysian governor urges firms to support currency
Cambodian and Malaysian central banks will launch a new cross-border payments link
Nigerian president nominates seven MPC members
Central bank tightens currency restrictions as inflation continues to rise and dollar shortages continue
Nigerian authorities accuse ex-governor of $6m theft
Emefiele has denied all charges but prosecutors say cheque to president was forged
Auditors discover problematic FX claims at Nigerian central bank
Announcement of $2 billion in suspect claims comes after 60% devaluation of naira
Iraqi central bank blocks dollar access to eight lenders
US official praises “progress” but says some Iraqi lenders are still breaking sanctions on Iran
Nigerian central bank says it has cleared some lenders’ FX liabilities
Move comes one week after CBN replaces management of three banks for alleged law-breaking
Philippine central bank will cut FX interventions, governor says
“We’ve been intervening a bit too much”, Remolona says, as officials work on new framework