Currency Crisis
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Why Bangladesh Is Facing A Currency Notes Crisis
An order by the interim government to halt the issue of currency notes featuring Bangabandhu Sheikh Mujibur Rahman has the potential of impacting the economy and disrupting citizens' daily lives.
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Pakistan Needs To Repay $77 Billion Debt To China, Saudi Arabia By 2026: Report
Pakistan, currently tackling a major economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves.
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Pakistan Banks Turn to Blockchain Technology to Update Customers' KYC Details Amid Economic Turmoil
Banks in Pakistan have decided to develop a know-your-customer (KYC) platform using blockchain technology in order to strengthen the country’s efforts to curb money-laundering. With a blockchain-based KYC platform, financial institutions will be able to minimise onboarding costs for bank users.
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Crisis-Hit Pakistan Takes Hard Steps To Secure Bailout From IMF
Pakistan's moves to loosen its grip on the currency and increase fuel prices indicate that the beleaguered nation is finally taking the unpopular decisions needed to secure the $6.5 billion bailout program from the IMF.
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Pak Currency Spirals Further, Plummets To Record Low Of 270 Against Dollar
Pakistan needs to complete the ninth review of a $7 billion IMF programme that would not only lead to a disbursement of $1.2 billion, but also unlock inflows from friendly countries and other multilateral lenders.
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Worst Of Inflation, Growth And Currency Crisis Behind Us: RBI Governor
Reserve Bank of India governor Shaktikanta Das today said the latest dataprints on growth, inflation and currency volatilities indicate that the worst for the financial markets and the world economy is behind us
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Pakistan Rupee Slumps To Record Low, Crisis-Hit Nation Seeks Bailout
Pakistan's currency has fallen to a record low of Rs. 255 against the US dollar, according to local media reports.
-
Turbulent Year for Cryptocurrencies Could Spur Progress Towards Regulatory Norms for Digital Assets in 2023
Cryptocurrency could see more regulatory norms in 2023, after a year of turbulence that saw the collapse of massive trading platform FTX. The Reserve Bank of India has been forthright about its views on cryptocurrency and its Governor Shaktikanta Das said last month that cryptocurrencies should be "prohibited" and that if they are allowed to grow "...
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RBI Governor Says Next Financial Crisis Will Come from Private Cryptocurrencies
RBI governor Shaktikanta Das said on Wednesday that the next financial crisis would be caused by private cryptocurrencies. He also added that digital currencies have no underlying value and pose risks for macroeconomic and financial stability, and reiterated his view that they should be banned.
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FTX Collapse: Sam Bankman-Fried Reportedly Faces Market Manipulation Inquiry by US Prosecutors
FTX Founder Sam Bankman-Fried is reportedly facing a market manipulation inquiry by US prosecutors. The prosecutors are probing whether Bankman-Fried controlled the prices of two interlinked currencies, TerraUSD and LUNA, to benefit the entities he controlled including FTX and Alameda Research.
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"Exercise Caution, Examine Fuel Situation": India To Nationals In Lanka
At a time when Sri Lanka is facing a severe economic crisis and a steep currency depreciation, India on Thursday urged its nationals living in Sri Lanka to exercise caution and examine the currency convertibility and fuel situation.
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Ukraine Crisis: Crypto Wallets Targeted by EU in Latest Round of Russia Sanctions
The European Union targeted crypto wallets, banks, currencies and trusts in its fifth package of sanctions on Russia in a bid to close potential loopholes which could allow Russians to move money abroad.
-
Sri Lanka's Economic Downspiral Explained In 5 points
Sri Lanka is currently experiencing a severe economic crisis, with the country's government running out of foreign currency and unable to pay for basic imports such as fuel, food, and other necessities.
-
Five Big Points On Sri Lanka Economic Crisis, Protests
Sri Lanka is witnessing its worst downturn since independence, sparked by an acute lack of foreign currency to pay for even the most essential imports.
-
Ukraine War Has Potential to Speed Up Digital Currency Adoption: BlackRock CEO Larry Fink
BlackRock’s Larry Fink said the Russia-Ukraine war could accelerate the use of digital currencies to enhance international transactions and warned the conflict has marked the end of globalisation.
-
Why Bangladesh Is Facing A Currency Notes Crisis
An order by the interim government to halt the issue of currency notes featuring Bangabandhu Sheikh Mujibur Rahman has the potential of impacting the economy and disrupting citizens' daily lives.
-
Pakistan Needs To Repay $77 Billion Debt To China, Saudi Arabia By 2026: Report
Pakistan, currently tackling a major economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves.
-
Pakistan Banks Turn to Blockchain Technology to Update Customers' KYC Details Amid Economic Turmoil
Banks in Pakistan have decided to develop a know-your-customer (KYC) platform using blockchain technology in order to strengthen the country’s efforts to curb money-laundering. With a blockchain-based KYC platform, financial institutions will be able to minimise onboarding costs for bank users.
-
Crisis-Hit Pakistan Takes Hard Steps To Secure Bailout From IMF
Pakistan's moves to loosen its grip on the currency and increase fuel prices indicate that the beleaguered nation is finally taking the unpopular decisions needed to secure the $6.5 billion bailout program from the IMF.
-
Pak Currency Spirals Further, Plummets To Record Low Of 270 Against Dollar
Pakistan needs to complete the ninth review of a $7 billion IMF programme that would not only lead to a disbursement of $1.2 billion, but also unlock inflows from friendly countries and other multilateral lenders.
-
Worst Of Inflation, Growth And Currency Crisis Behind Us: RBI Governor
Reserve Bank of India governor Shaktikanta Das today said the latest dataprints on growth, inflation and currency volatilities indicate that the worst for the financial markets and the world economy is behind us
-
Pakistan Rupee Slumps To Record Low, Crisis-Hit Nation Seeks Bailout
Pakistan's currency has fallen to a record low of Rs. 255 against the US dollar, according to local media reports.
-
Turbulent Year for Cryptocurrencies Could Spur Progress Towards Regulatory Norms for Digital Assets in 2023
Cryptocurrency could see more regulatory norms in 2023, after a year of turbulence that saw the collapse of massive trading platform FTX. The Reserve Bank of India has been forthright about its views on cryptocurrency and its Governor Shaktikanta Das said last month that cryptocurrencies should be "prohibited" and that if they are allowed to grow "...
-
RBI Governor Says Next Financial Crisis Will Come from Private Cryptocurrencies
RBI governor Shaktikanta Das said on Wednesday that the next financial crisis would be caused by private cryptocurrencies. He also added that digital currencies have no underlying value and pose risks for macroeconomic and financial stability, and reiterated his view that they should be banned.
-
FTX Collapse: Sam Bankman-Fried Reportedly Faces Market Manipulation Inquiry by US Prosecutors
FTX Founder Sam Bankman-Fried is reportedly facing a market manipulation inquiry by US prosecutors. The prosecutors are probing whether Bankman-Fried controlled the prices of two interlinked currencies, TerraUSD and LUNA, to benefit the entities he controlled including FTX and Alameda Research.
-
"Exercise Caution, Examine Fuel Situation": India To Nationals In Lanka
At a time when Sri Lanka is facing a severe economic crisis and a steep currency depreciation, India on Thursday urged its nationals living in Sri Lanka to exercise caution and examine the currency convertibility and fuel situation.
-
Ukraine Crisis: Crypto Wallets Targeted by EU in Latest Round of Russia Sanctions
The European Union targeted crypto wallets, banks, currencies and trusts in its fifth package of sanctions on Russia in a bid to close potential loopholes which could allow Russians to move money abroad.
-
Sri Lanka's Economic Downspiral Explained In 5 points
Sri Lanka is currently experiencing a severe economic crisis, with the country's government running out of foreign currency and unable to pay for basic imports such as fuel, food, and other necessities.
-
Five Big Points On Sri Lanka Economic Crisis, Protests
Sri Lanka is witnessing its worst downturn since independence, sparked by an acute lack of foreign currency to pay for even the most essential imports.
-
Ukraine War Has Potential to Speed Up Digital Currency Adoption: BlackRock CEO Larry Fink
BlackRock’s Larry Fink said the Russia-Ukraine war could accelerate the use of digital currencies to enhance international transactions and warned the conflict has marked the end of globalisation.
