The Central Bank of Ethiopia imposes new restrictions on the movement of foreign exchange and local currency trading

The Central Bank of Ethiopia imposed new restrictions on trading foreign currencies in the Ethiopian local markets, as of Monday, and they are applied to citizens and foreign residents and visitors to the country. The bank stated that the addressees of these new operations will be prohibited from carrying more than 3,000 Ethiopian birr upon … Read more

The People’s Bank extends the trading hours of the yuan.. China intends to internationalize its currency

Friday 30/December/2022 – 07:37 PM China seeks to internationalize its currency, as it announced today, Friday, its intention to extend the trading hours of its currency in local transactions, as the government moves forward with plans to internationalize the currency. And the People’s Bank of China set the yuan trading period during local trading from … Read more

National Bank: The law does not allow trading in foreign currencies outside the banking sector

Monday 26/December/2022 – 10:35 PM Hisham Okasha, Chairman of the Board of Directors of the National Bank, said that the Central Bank monitored illegal practices to manipulate and circumvent the withdrawal of foreign currencies from abroad, indicating that the withdrawal of 55 million dollars via credit cards abroad represents the size of a withdrawal traveled … Read more

A British bank expects Bitcoin to fall below $5,000

Bitcoin is in a difficult test with the crises of the trading platforms (Getty) The British “Standard Chartered” bank expected the price of the most popular cryptocurrency, “Bitcoin”, to drop to $5,000 over the next year, a decrease of about 70% from its levels recorded on Monday, which exceeded $17,000. In a note issued Sunday … Read more

The Central Bank devalues ​​the pound, but… Egypt is about to face a currency crisis soon!

Egyptian Pound In a research note issued yesterday, Wednesday, experts at Nomura Bank said that some emerging economies’ currencies are facing a serious currency crisis, and on top of these emerging economies exposed to this crisis are Egypt Experts believe that Egypt is the country most vulnerable to a currency crisis among emerging markets during … Read more

Now the Central Bank of Egypt and digital currencies on Sunday evening 16/10/2022 –

Central Bank of Egypt, digital currencies, digital currencies and the central bank, the most important digital currencies, follow with us the central bank, central bank law, central bank warnings, the new law from the central bank of Egypt The Central Bank of Egypt clarified that by following the movement of cryptocurrency trading through some of … Read more

Turkish central bank surprises markets and cuts interest rates

The Central Bank of Turkey returned to the stimulus fiscal policy, as the bank suddenly decided the benchmark interest rate by about 1 percent 100 basis points to stabilize the interest rate in the country at 13% This is after a series of interest rate stabilization that lasted for eleven months, including seven meetings of … Read more

KFH is the first bank to implement “360T” solutions for forex trading operations

Ahmed Al-Sumait: Integration between all the group’s banks abroad through the Kuwait Finance House Kuwait Finance House (KFH), as the first bank in Kuwait, succeeded in implementing 360T solutions to centralize and integrate all foreign currency buying and selling transactions from all the group’s banks abroad (Turkey, Germany, Saudi Arabia, Malaysia, Bahrain), through KFH in … Read more

Urgent: The ruble is an orchestrated free fall.. Russia denies interference and the Central Bank makes its decision

Russia The exchange rate of the dollar against the ruble during currency trading on the Moscow Stock Exchange exceeded 60 rubles for the first time since June 3, while the euro exchange rate reached 62 rubles for the first time since June 8, according to MICEX data. The Russian ruble fell during these moments by … Read more

Alex Bank launches the first electronic platform for forex trading in Egypt

Bank of Alexandria Share Alex Bank, in cooperation with Refinitiv, one of the companies of the London Stock Exchange Group, announced the launch of the first electronic forex trading platform for companies in Egypt, as the first bank in Egypt to adopt the company’s solutions for electronic trading, in the context … Read more