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Gulf banks debating currency peg to US dollar
11 Feb 2025 11:08 GMT
Banks have reignited the debate over whether Arabian Gulf states should peg their currencies at a fixed rate to the United States dollar, after remarks from Qatar's central bank suggesting some should examine alternatives.
Last week its director of …
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Trump tariffs present both challenges and opportunities for Oman
06 Apr 2025 16:35 GMT
… to tame inflation. Oman’s currency peg means that its domestic rates …
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Hong Kong’s Paul Chan defends city’s currency peg to US dollar in Davos
23 Jan 2025 05:08 GMT
… to defend the city’s currency peg to the US dollar in …
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Currency peg questioned as cross-border payments become cumbersome
07 Jan 2025 19:53 GMT
Ester Mbathera
The process of doing cross-border payments across the Common Monetary Area (CMA) of South Africa, Namibia, Lesotho, and Eswatini has been described as cumbersome.
The new cross-border payments came into effect in September last year, and all …
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Morocco plans to relax currency peg to Euro, US dollar in 2026
26 Oct 2024 18:46 GMT
Morocco plans to relax its exchange rate regime in 2026, resuming a gradual reform process that was interrupted by the pandemic, revealed Bank Al Mghrib’s governor Abdellatif Jouahri, in a statement to Bloomberg News.
During the annual meetings of the …
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Morocco Aims to Loosen Currency Peg to Euro-Dollar in 2026
26 Oct 2024 00:58 GMT
(Bloomberg) — Morocco aims to loosen the kingdom’s exchange rate regime in 2026, returning to a gradual reform process that was halted during the pandemic, the central bank governor said in an interview.
The step will consist of gradually moving the dirham …
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Repo rate expected at 6.75% in 2025
03 Apr 2025 19:07 GMT
… sinking fund to protect the currency peg.
In terms of international reserves …
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Gulf economies avoid harshest Trump tariffs but do not escape unscathed
02 Apr 2025 23:17 GMT
… the Gulf due to the currency peg.
Projections from the Organisation for …
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Bahamas’ domestic economic expansion slows down
02 Apr 2025 14:52 GMT
… to maintain the Bahamian dollar currency peg. Specifically, foreign exchange market conditions …
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Argentina IMF deal advances fail to clear FX haze
01 Apr 2025 10:12 GMT
… there would be a new currency peg. Roberto Geretto of Argentina financial …