The Latest Breaking News from central bank

Lebanese state violated human rights by mismanaging crisis, UN poverty envoy says

Lebanon's government and its central bank have committed human rights violations by impoverishing people through the "callous destruction" of the country's economy, an independent United Nations report said on Wednesday.

Reuters · May 11, 2022

Nigeria’s central bank chief to run for presidency in 2023

There’s been a multitude of interest from heavyweights and has-beens to succeed Muhammadu Buhari as Nigerian president.

Al Jazeera · May 6, 2022

Kyiv's envoy backs using frozen Russian state assets to rebuild Ukraine - Roll Call

The government of Ukraine backs the United States seizing frozen Russian government assets and using them to rebuild the country.

Roll Call · May 5, 2022

KBC and Ulster Bank customers face ‘chaos’ as staff shortages cause major delays with new accounts

Some people who are trying to open with a new bank are being temporarily blocked from a number of services

Irish Mirror · Apr 16, 2022

Soaring Costs Put Turkey’s Energy Importer under Pressure to Hike Prices

Soaring world energy costs are piling pressure on Turkey's state energy importer BOTAS to further hike prices as it falls deeper into the red, even as manufacturers complain that recent price rises threaten their operations. The pipeline operator and trading company needed a 100 billion lira ($6.8 billion) payment from…

Asharq Al-Awsat · Apr 15, 2022

War in Ukraine: Russia's reputedly ‘sanction proof’ economy shows signs of stress

Seven weeks into the war, how is the Russian economy faring? The short answer is: well below expectations and the worse is yet to come.

The Conversation · Apr 13, 2022

Sri Lanka can overcome economic crisis provided Central Bank is allowed to run independently: Governor

COLOMBO: Exuding confidence in overcoming the unprecedented economic crisis, the newly appointed Governor of the Central Bank of Sri Lanka, Nandalal Weerasinghe said that one of the ways to overcome the current crisis situation is to allow the Central Bank to function independently.

The Times of India · Apr 10, 2022

Saudi Arabia Adopts Urgent Measures to Combat Financial Fraud

The Saudi Central Bank (SAMA) announced on Friday the implementation of urgent temporary precautionary measures to combat financial fraud. According to a circular issued by SAMA, banks operating in Saudi Arabia must adhere to a number of measures, including setting limits on daily electronic transfers and holding international transfers for…

Asharq Al-Awsat · Apr 9, 2022

Saudi Arabia Issues Draft Resolution on Implementing Payment Service

The Saudi Central Bank (SAMA) announced opening a public consultation on the draft implementing regulation of payments and payment services law. In the interest of transparency and broader participation, SAMA invites stakeholders and the public to provide suggestions and observations on the draft by visiting the Public Consultation Platform (Istitlaa)…

Asharq Al-Awsat · Apr 8, 2022

Lebanon: Salameh Hopes IMF Conditions Are Met to Secure Program

Lebanese central bank governor Riad Salameh said on Friday he hoped prior conditions set by the International Monetary Fund (IMF) in a staff-level agreement with Lebanon would be met in order to secure IMF board approval of a program. The IMF said on Thursday it had reached a draft funding…

Asharq Al-Awsat · Apr 8, 2022