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The Latest Breaking News from central bank

Emirati and Egyptian central banks agree to currency swap deal

Deal allows the two central banks to exchange up to five billion Emirati dirhams and 42 billion Egyptian pounds.

Al Jazeera

Haftar’s sons rise in Libya’s east, bringing ‘corruption, death, destruction’

Khalifa Haftar, the strongman of eastern Libya, has placed his six sons in positions of political and military power. The deadly floods in Derna have seen his youngest, Saddam, rise to head of disaster relief management and the top of his succession charts. For Libyans, it spells more bad news.

France 24

Rise Of CBDCs, Blockchain Tech Signals Transformative Era For Global Banking, Says Russian Lawmaker

From Aug. 1, Russia has initiated use of the digital ruble, a counterpart to both cash and non-cash forms of the currency.

Zenger

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Nigeria's suspended Central Bank governor appears in court more than a month after his arrest

Nigeria's suspended Central Bank governor has appeared in court in the economic hub of Lagoon on charges of illegal possession of a firearm and live ammunition

The Independent UK

Explained | Will G-20 agree on a Joint Communiqué?

Why has a single joint statement not been released so far at any G-20 Ministerial meeting? What is the bone of contention? What are the ‘Bali Paragraphs’ and why are they being incorporated in the current document? As G-20 President, what is India’s focus?

The Hindu

Nigerian court orders gov’t to release or charge central bank chief

Government lawyers say they secured a lower magistrate court order to hold Godwin Emefiele during investigation.

Al Jazeera

Government warned to avoid 'giveaway budget' by Central Bank chief

There's been a series of budget kites already flown, four months out, including a €1,000 tax reduction for middle earners and a €25 pensions and welfare rates hike

Dublin Live

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How Emefiele, Nigeria’s powerful central bank chief lost his seat

Godwin Emefiele was second-longest-serving governor of Nigeria’s central bank and oversaw its biggest economic downturn.

Al Jazeera

Nigeria eurobonds rise after suspension of Central Bank governor

Godwin Emefiele arrested by state secret police at the weekend after his suspension by Nigeria’s president.

Al Jazeera

More mortgage pain for Irish householders as ECB plots further rate increases

The Central Bank has also warned that the risks facing the Irish financial system have increased as inflation is weighing heavily on the global economy.

Irish Mirror

Germany issues arrest warrant for Lebanon's central bank chief - sources

Germany has informed Lebanon it has issued an arrest warrant for Central Bank Governor Riad Salameh on corruption charges, including forgery, money laundering and embezzlement, a senior judicial source told Reuters on Tuesday.

Reuters

France summons brother, assistant of Lebanon central bank boss in fraud probe

France's judiciary has summoned the brother of and an assistant to Lebanon's central bank governor, two sources close to the matter told Reuters on Monday, as it continues its probe into alleged embezzlement and money-laundering by the bank chief.

Reuters

Top Lebanese official in IMF talks calls for central bank head to resign amid corruption allegations

The Lebanese official heading talks with the International Monetary Fund to bailout Lebanon’s tanking economy has called for the country’s embattled central bank chief to resign

The Independent UK

France issues international arrest warrant for Lebanese central bank chief

A French investigating magistrate on Tuesday issued an international arrest warrant for Lebanon's central bank chief Riad Salameh, a source close to the case said.

France 24

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The Independent UK

Lebanese Central Bank governor no-show in Paris corruption probe

Lebanon’s embattled central bank governor has failed to appear before French prosecutors in Paris, questioning him in the ongoing European money-laundering and illicit enrichment probe

The Hindu

Finance Minister meets IMF MD Georgieva on sidelines of G7 meeting

Finance Minister Nirmala Sitharaman on May 12 met International Monetary Fund (IMF) managing director K Georgieva on the sidelines of G7 Finance Minister Central Bank Governors meet.

Reuters

G7 finance chiefs debate reducing supply chain reliance on China

Finance leaders of the Group of Seven (G7) advanced economies discussed the need to make global supply chains more resilient by reducing over-reliance on China, German Finance Minister Christian Lindner said on Friday.

Reuters

Lula pick for Brazil central bank key role says he doesn't always agree with governor

Brazil's executive secretary of the Finance Ministry, Gabriel Galipolo - who is due to be nominated for a key role at the country's central bank - said on Tuesday he has good relations with central bank Governor Roberto Campos Neto but does not always agree with him.

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Radio France Internationale

Lebanon's finance minister questioned by European prosecutors

A European judicial team questioned Lebanon’s caretaker finance minister Youssef El Khalil on Friday in an investigation related to a corruption probe of the country’s Central Bank governor, officials said.

The Independent UK

Lebanon's finance minister questioned in Central Bank probe

Lebanese judicial officials say a European judicial team has questioned Lebanon’s caretaker finance minister

Reuters

Brazil's Haddad backs longer-term target for inflation, no talk of goal change

Brazilian Finance Minister Fernando Haddad said on Friday that he favored taking a long-term view of inflation and that the central bank could begin cutting interest rates.

The Independent UK

EU team questions brother of Lebanon's Central Bank governor

A European judicial team has questioned the brother of Lebanon’s embattled Central Bank governor who is is being investigated abroad over several financial crimes and the laundering of some $330 million

The Conversation

Nigeria and digital banking: a revolution still waiting to happen

At the end of 2022 the Central Bank of Nigeria launched new banknotes. At the same time it also capped withdrawal of the new banknotes. The rollout of the currency change was shambolic. But it also led people to turn to digital financial services such as the use of point…

The Independent UK

Lebanese, EU legal teams to cooperate in Central Bank probe

Lebanese and European judicial authorities have agreed to exchange information about their probes of Lebanon's Central Bank governor who has been accused of corruption

Asharq Al-Awsat

French Prosecutors Accuse Lebanon Central Bank Chief of Hiding Fraud

French prosecutors have told Lebanon's central bank governor Riad Salameh they plan to press preliminary fraud and money laundering charges against him, partly based on allegedly forged bank statements used to conceal his wealth, according to French court documents seen by Reuters. The accusation of using fake account statements, which…

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