Liquidity crisis

Sri Lanka’s official foreign exchange reserves, which fell to $ 1.58 billion in November, will double to stay above $ 3 billion by the end of this year, the Central Bank said here, claiming that the country’s economy has shown resilience throughout 2021 despite headwinds from the economic impact of COVID-19. The bank said Sri …

Twenty banks have subscribed for more than 74% of the amount of the 2,250 crore Tk private placement of Beximco Green-Sukuk Al Istisna – the first ever asset-backed security by a private sector entity in Bangladesh, according to the Dhaka Stock Exchange . (DSE). The investments came from December 14th to 15th. The rest of …

In response to the current economic crisis in Sri Lanka, Fitch Rating has lowered the long-term default rating of the country’s foreign currency issuers (IDRs) to “CC”, instead of “CCC”, a move that reflects the dire state of Colombo’s finances. “The downgrade reflects our view of an increased likelihood of a default event in the …

SOFIA – Bulgarian lawmakers voted to freeze electricity and heating prices for households until the end of March, giving the new ruling coalition time to come up with a plan to protect the member state most poor European Union from rising energy costs. “The National Assembly imposes a moratorium on the prices of electricity, water …

After Sri Lanka, the Bangladesh Bank will now lend $ 200 million to another country, the Maldives. The President of the Maldives, Ibrahim Mohamed Solih, applied for the loan in March this year when he visited Bangladesh to join the celebrations of the centenary of the birth of the father of the nation Bangabandhu Sheikh …

For the uninitiated, the Reserve Bank of India (RBI) balance sheet is a mix of national and international assets carefully modulated regularly. It is important to note that foreign reserve holdings contribute more than 70% of the combined balance sheet of the central bank and therefore have a greater impact on its operations. Therefore, when …

General view of the Bank of England in London, Great Britain on October 22, 2021. REUTERS / Tom Nicholson Register now for FREE and unlimited access to reuters.com Register BOE: lessons from the financial crisis poorly learned BOE: bonuses must be linked to upgrades Federal Reserve Raises Similar Concerns With U.S. Banks Fed says it …

As expected, given the widespread uncertainty that followed the Omicron variant, the Monetary Policy Committee (MPC) voted to maintain the status quo on policy rates, with one member continuing to oppose the “accommodative stance ” politics. The reverse repo rate is maintained at 4 percent and the reverse repo rate at 3.35 percent. The forecast …

Libya’s rival central banks said on Monday they had reached a reunification deal, seven years after their split as conflict tore the country apart. The original bank, which manages the North African state’s vast oil revenues, was dissolved in 2014 when a complex civil war resulted in rival administrations in the east and west. But …

THANE: Maharashtra Planning Authority CIDCO has obtained a general notice of compliance from the Airports Authority of India (AAI) regarding the heights allowed for buildings in the 2015 rehabilitation area, which it says will speed up the development of Navi Mumbai international airport. (NMIA) rehabilitation and resettlement area. The validity of the said notice expired …