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The Latest Breaking News from central bank

TCS launches solution to help central banks in roll-out and use of digital currencies

MUMBAI: As major central banks work towards roll-outs of digital currencies, India's largest software exporter TCS on Tuesday announced a solution which will aid in their roll-outs and usage.

The Times of India

US hits Russia with sanctions for annexing Ukrainian regions

The U.S. has sanctioned more than 1,000 people and firms connected to Russia’s invasion of Ukraine, including its Central Bank governor and families of National Security Council members, after President Vladimir Putin signed treaties absorbing occupied regions of Ukraine into Russia, in defiance of international law

The Independent UK

Pat Flanagan column: €100m Bank of Ireland fine again proves that Ireland is a hotbed of white-collar crime

The record fine imposed by the Irish Central Bank has actually not been levied on BoI but on its customers

Irish Mirror

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Bank of Ireland issued €100 million fine over tracker mortgage scandal

The Central Bank found that the mishandling of tracker mortgages led to the loss of 50 properties, 25 of which were family homes

Dublin Live

Bank of Ireland fined over €100m by Central Bank for tracker mortgage breaches

The investigation also found that the bank had failed to warn customers about the consequences of decisions relating to their mortgages.

Irish Mirror

China trials digital currencies for cross-border deals

SHANGHAI: A central bank digital currency trial focused on cross-border transactions involving China, Thailand, Hong Kong and the United Arab Emirates has been completed, as Beijing tries to internationalise its digital yuan.

Bangkok Post

Thailand, China conduct digital currency trial

A central bank digital currency trial focused on cross-border transactions involving China, Thailand, Hong Kong and the United Arab Emirates has been completed, as Beijing tries to internationalise its digital yuan.

Bangkok Post

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Kenya's Ruto names Njuguna Ndung'u as finance minister

Kenya's new President William Ruto on Tuesday appointed former central bank governor Njuguna Ndung'u as the new finance minister.

Reuters

Sri Lanka aims to have $2.9 billion IMF loan finalised in December - sources

Sri Lanka expects the International Monetary Fund board to approve a $2.9 billion loan by year-end, officials from the country's central bank told investors during a virtual presentation on Friday, sources participating in the event said.

Reuters

Is White House Late To CBDC Game? Beware Volatility And Hacking, Experts Say

The Biden administration recently unveiled a comprehensive strategy for implementing a central bank digital currency (CBDC) over the next few years.

Benzinga

Iran targeted by apparent cyberattack amid protests

The website of Iran’s Central Bank was briefly taken down as the Anonymous hacking group claimed to have targeted websites of several state agencies

The Independent UK

Governors of Arab Banks Discuss Cross-Border Payments

Merits of using digital currencies in cross-border payments, specifically inter-Arab payments, were discussed on Monday by governors of Arab banks at a roundtable meeting on Central Bank Digital Currencies (CBDC) in Jeddah, western Saudi Arabia. Many central banks in the Arab world have the infrastructure that enables them to launch…

Asharq Al-Awsat

White House Publishes Framework For Crypto Regulation: Could There Be A US Central Bank Digital Currency And More

After six months of research into the cryptocurrency industry, the White House on Friday

Benzinga

Russia vows to continue Mir bankcard expansion after new U.S. sanctions

Russia's central bank on Friday pledged to keep expanding the number of countries that accept its Mir bank cards after new U.S. sanctions targeting people and entities accused of helping Moscow skirt financial sanctions.

Reuters

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Asharq Al-Awsat

Fuel Prices Skyrocket, Transportation Becomes a Luxury in Lebanon

The price of gasoline imports in Lebanon has turned into a daily nightmare for the Lebanese, who are left to suffer the brunt of a crippling economic crisis that has swept the Mediterranean nation since late 2019. The Central Bank said last year that it would stop providing dollars at…

The Independent UK

Lebanon: Central Bank lifts all expensive fuel subsidies

The Lebanese Central Bank has lifted its remaining subsidies on fuel

Benzinga

Russia Seeks To Legitimize Use Of Cryptos In Cross-border Payments

The Ministry of Finance and the Bank of Russia have reconsidered their stance on cryptocurrencies, a step needed to legitimize cross-border payments in these currencies, according to the country's Deputy Finance Minister Alexei Moiseev.

Asharq Al-Awsat

Qatar Central Bank Issues Treasury Bills Valued at $163.3 Mln for Sept.

The Qatar Central Bank (QCB) issued treasury bills for September for three, six and nine months, with a value of QR 600 million ($163.6 million). In a statement, QCB said the treasury bills were distributed as follows: QR 300 million for three months at an interest rate of 1.09 percent,…

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Asharq Al-Awsat

Egypt Approves Extraordinary Measures to Limit Rise in Prices

Egypt approved extraordinary measures aimed at facilitating the release of imports and easing measures on investors and importers to limit the continued rise in prices. Importers in Egypt find it difficult to provide hard currency, which facilitates the release of goods and commodities that have accumulated at Egyptian ports, limiting…

The Hindu

Morning Digest | Indian mission in Sri Lanka slams Chinese Ambassador’s remarks on vessel visit; CWC to meet today to discuss party poll schedule; and more

Here’s a select list of stories to read before you start your day

Miami Herald

Reports detail how Haiti’s public administration is a cesspool of corruption

Fictitious government jobs and contracts, political patronage, embezzlement, and university employees and civil servants who use government bank accounts as their personal checkbooks.

Asharq Al-Awsat

Ali Saleh to Saddam: War is Happening... Goal is to Destroy the Iraqi Army

Dr.

Asharq Al-Awsat

Lebanon’s President Urges Judges to Prosecute Central Bank Governor

Lebanese President Michel Aoun has called on the country’s judges to “rise up for their dignity and not to be afraid of the oppression of those in power.” He also urged the judiciary “to be completely liberated from any persuasion or intimidation,” specifically in the case of the prosecution of…

Asharq Al-Awsat

Yemen's Al-Alimi Heads to Saudi Arabia, UAE

Chairman of Yemen’s Presidential Leadership Council Dr. Rashad al-Alimi departed the interim capital Aden on Monday for an unofficial visit to Saudi Arabia and the United Arab Emirates, informed sources told Asharq Al-Awsat. Al-Alimi is seeking to accelerate the economic support and aid provided to his country, whether towards the…

Asharq Al-Awsat

Egypt Central Bank Denies Resignation of its Governor

The Central Bank of Egypt denied on Saturday reports of the resignation of its governor, Tarek Amer, following rumors that he would be part of a government reshuffle. Gamal Negm, the first deputy governor of the Central Bank, dismissed the reports about the resignation, stressing that Amer’s term ends in…

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