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The Latest Breaking News from central bank

Regulating digital currencies

Some experts and central bankers point to regulation as the way forward. And supervising stablecoins and crypto exchanges would be a much easier affair than exercising controls over individual financial crypto products.

The Hindu · Jul 18, 2022

Argentina: Import blocks usher in fears of looming shortages

Business leaders across Argentina are scrambling as they try to deal with a fresh rash of import restrictions that many say are the most stringent in recent history as the government tries to shore up diminishing Central Bank reserves

The Independent UK · Jul 15, 2022

Canadians Wake Up To A Jolt After Bank Of Canada Hikes Rates 1% Overnight: Will The US Follow Suit?

The S&P TSX Composite Index (TSX: TSX) was slammed on Wednesday, dropping to its lowest point since March 8, 2021 to bounce up off the $18,378.83.

Benzinga · Jul 13, 2022

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Failure Of Stablecoins Could Have Catastrophic Broader Financial Implications: ECB

Given that the largest stablecoins serve a critical function for crypto-asset markets’ liquidity, the failure of one of the largest stablecoins could have wide-ranging implications for crypto-asset markets and in turn contagion effects on the financial system, according to the European Central Bank (ECB).

Benzinga · Jul 11, 2022

From Dublin to Leitrim - Stunning houses for sale for under €200,000 around Ireland right now

One or two need some TLC before becoming forever homes, but some are in walk-in condition.

Irish Mirror · Jul 7, 2022

Taliban to Meet US on Releasing Frozen Afghan Funds after Quake

The United States and the Taliban plan talks Thursday in Qatar on unlocking some of Afghanistan's reserves following a devastating earthquake, officials said, with Washington seeking ways to ensure the money goes to help the population. The White House said it is working "urgently" on the effort, but a member…

Asharq Al-Awsat · Jun 30, 2022

Costa Rica asks IMF for $700 million from new sustainability trust

Costa Rica has told the International Monetary Fund (IMF) it is interested in obtaining a nearly $700 million loan to invest in infrastructure from a newly created fund, the Central Bank said.

Reuters · Jun 25, 2022

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Qatar Central Bank in 'Foundation Stage' of Issuing a CBDC

The Qatar Central Bank (QCB) is in the foundation stage of issuing a Central Bank Digital Currency (CBDC) and it is working on finding the right technology and platform, the Central Bank’s Governor H E Sheikh Bandar bin Mohammed bin Saoud Al Thani has said.

Benzinga · Jun 22, 2022

Sources: Lebanon Central Bank Forensic Audit to Begin June 27

A team from US-based auditor Alvarez and Marsal (A&M) will arrive in Lebanon on June 27 and begin a long-delayed forensic audit of the country's central bank, two Lebanese official sources told Reuters. The forensic audit, to examine the bank's past financial transactions to boost transparency, has been a key…

Asharq Al-Awsat · Jun 22, 2022

CSO figures show Irish people are now almost 40 years old before they can buy their first home

The median age of single home buyers has risen above 40 while it stands at 38 for joint purchasers

Irish Mirror · Jun 21, 2022

Saudi Project to Develop Quality of E-Commerce Data

Considering the growth of e-commerce and the desire to improve the mechanism of data collection related to the sector, Saudi authorities informed all banks in the Kingdom of the need to abide by the operational framework and technical and operational rules for the data quality development project. The Saudi Central…

Asharq Al-Awsat · Jun 21, 2022

Scams Ireland: Consumers warned of fraudsters impersonating the Central Bank of Ireland

These unauthorised entities include Assist Finance, Cofino Capital, CFDS Invest, FX Finance Kredit, Roalix Finance and CFDS Finance

Irish Mirror · Jun 10, 2022

Opinion: China's Central Bank Digital Currency Could Revolutionize Global Trade

The digital yuan will play a key role in reducing dollar dependence and give countries another payment option for trade

Caixin Global · Jun 9, 2022

Nigeria has just hiked interest rates: why it's the wrong recipe for curbing inflation

The Central Bank of Nigeria recently announced an increase in the interest rate, from 11.5% to 13%, a 1.5 percentage point hike that took effect immediately.

The Conversation · Jun 5, 2022

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Asharq Al-Awsat · Jun 3, 2022

Lebanon Cenbank Governor, Brother Sue State over ‘Mistakes’ in Embezzlement Probe

Lebanon's central bank governor and his brother are suing the state over what they say were "grave mistakes" made by a public prosecutor in his investigation of whether they had embezzled public funds, according to a copy of the lawsuit. Their claim has led to concerns that the public probe…

Benzinga · May 31, 2022

Russian Minister Calls for Regulation on Crypto Mining

Asserting that mining of cryptocurrencies in Russia accounts for more than 2% of the total volume of energy consumed in the country, more than the electricity being used for agriculture, Vasily Shpak, Deputy Head of the Ministry of Industry and Trade said the sector needs to be regulated.

Asharq Al-Awsat · May 31, 2022

Turkey Projects 7% Growth for Q1 2022

The Turkish economy's solid and balanced growth trend and the pioneering data point out that annual growth will be around seven percent in the first quarter of 2022, Treasury and Finance Minister Nureddin Nebati said Monday. Speaking at the General Assembly of the Banks Association of Turkey (TBB), Nebati said…

Asharq Al-Awsat · May 30, 2022

Qatar Central Bank Expects GDP Growth of 3.5% in 2022

Qatar’s gross domestic product (GDP) should grow 3.5% in 2022, Central Bank Governor Sheikh Bandar bin Mohammed bin Saoud Al-Thani told a conference on Sunday in Doha. In his opening keynote at The Euromoney Qatar Conference on Sunday, Sheikh Bandar announced that the bank is working on designing a new…

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Dynamite News · May 28, 2022

Business: RBI to adopt graded approach to introduce digital currency

The Reserve Bank of India (RBI) on Friday said that it is proposing to adopt a graded approach to the introduction of Central Bank Digital Currency (CBDC) in conformity with the objectives of monetary policy, financial stability and efficient operations of currency and payment systems. Full story on Dynamite News:

The Independent UK · May 26, 2022

Doctors, hospitals in crisis-hit Lebanon go on 2-day strike

Dozens of doctors, nurses and medical personnel have rallied outside the Central Bank in the Lebanese capital of Beirut after declaring a two-day general strike

The Independent UK · May 26, 2022

Live updates | Ukraine says Russia presses offensive in east

The General Staff of the Ukrainian military says the Russian forces have continued attempts to press their offensive in several sections of the frontline in the east and also launched missile and air strikes at infrastructure facilities across the country

Asharq Al-Awsat · May 20, 2022

Lebanon Recovery Plan Includes Central Bank Debt Write-Off, Haircuts to Depositors

Lebanon's government foresees cancelling "a large part" of the Central Bank's foreign currency obligations to commercial banks and dissolving non-viable banks by November, according to a financial recovery plan passed by the cabinet on Friday. The document, seen by Reuters and verified as accurate by a minister, was passed by…

The Times of India · May 19, 2022

Forex crisis: Sri Lanka lowers limit of foreign currency people can hold to $10,000 from $15,000

COLOMBO: Sri Lanka's central bank on Thursday decided to substantially lower the limit of foreign currency a person can hold to $10,000 from $15,000 and said it will crack down on those possessing them for over three months as the island nation faced its worst economic crisis.

The Independent UK · May 19, 2022

Sri Lanka lowers amount of foreign currency people can hold

Sri Lanka's central bank chief has said the island nation will lower the amount of foreign currency that individuals can hold to $10,000 from $15,000 and penalize those who hold foreign currency for more than three months by making it against the law

Asharq Al-Awsat · May 12, 2022

UN Blames Lebanese Politicians for Forcing Population Into Poverty

Lebanon’s political and financial leaders are responsible for forcing most of the country’s population into poverty, the UN Special Rapporteur on extreme poverty, Olivier De Schutter, said in a report published Wednesday. He stressed that the Lebanese State, including its Central Bank, is responsible for human rights violations, including the…

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