Indonesia’s central bank (CB) announced new regulations requiring importers to report how much foreign currency they use for overseas purchases from next year, in a move to step up monitoring of money flows.
The Reserve Bank of India (RBI) kept its key lending rate on hold in a shock decision that spooked markets on Thursday, even as it slashed its growth forecast for the economy to its lowest level in over a decade.
South Korea’s central bank left interest rate steady on Friday even as it trimmed growth and inflation projections, underlining a cautious view on the economy in the face of global risks and cementing market bets for more policy easing next year.
Under the new law, legal action may not be taken against debtors if they invoke their insolvency status and begin the process of restructuring their debt.
Project mBridge – the first pilot use of wholesale CBDCs in the MENA region – reflects CBUAE’s drive to create world-class financial infrastructure and innovative payment systems.
Australia’s central bank on Tuesday surprised markets by lifting interest rates by a smaller-than-expected 25 basis points, saying they had already risen substantially,
The Central Bank of the UAE (CBUAE) on Saturday signed a Memorandum of Understanding (MoU) with the Dubai Islamic Economy Development Centre (DIEDC) to reinforce and expand the reach of the Islamic banking sector,
The Dubai Department of Finance (DoF), and Central Bank of the UAE (CBUAE), have signed a Memorandum of Understanding, MoU, aimed at facilitating the payment of fees owed by consumers of Dubai government
The total value of fund transfers among the UAE’s banks amounted to Dhs6.307 trillion during the first eight months of 2020, according to the statistics released by the Central Bank of the United Arab Emirates.