Monthly Archives: September 2022

MCCI: Difficult Taka-Rupee Currency Exchange

The Metropolitan Chamber of Commerce and Industry (MCCI) said on Saturday that trading with India using a currency exchange via the rupee instead of the US dollar was not easy as it was not not in the IMF currency basket. Currently, the IMF’s basket consists of five trading currencies — …

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Stash goes live with the self-built core banking system Stash Core

US investment and banking app Stash has built and launched its own core banking platform, Stash Core. Stash launches Stash Core Stash’s new banking solution, based on Stash Core, includes access to an upgraded Mastercard debit card that allows customers to earn shares and invest on their purchases, which Stash …

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Dentsu to strike local TV deals using Comscore as currency

Media agency dentsu said it will shift its local television purchases to a Comscore currency-based, which will allow it to trade based on advanced audiences across all 210 markets. Dentsu’s media buying units include Carat, dentsu X and iProspect. Dentsu has entered into an agreement for use Comscore to measure …

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A more specialized banking system would transform the country

Ghana needs more specialized banks to drive the nation’s development agenda, said Reverend Dr Samuel Worlanyo Mensah, an economist. Reverend Dr Mensah, Executive Director of the Center for Greater Impact Africa, said most local entrepreneurs and businesses depend on banks for start-up capital and other financial assistance, hence the need …

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Zenith Bank leads as 12 commercial banks donate over N41.8 billion to police, women and other charitable projects

Details of 12 commercial banks in the country’s corporate social responsibility activities in two years leaked The banks revealed this in their 2021 financial statements which show a whopping N41.8 billion for different philanthropic projects From education, policing to women’s issues, the billions spent went to non-political charities 12 commercial …

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Access, Zenith are the leading commercial banks in Nigeria by total assets in 2022

The list of top Nigerian commercial banks has been revealed, with Access Bank and Zenith Bank leading the way The Nigerian banking sector is among the few sectors of the economy that have seen growth in 2022 A breakdown shows the 13 banks surveyed combined for 8.1% asset growth in …

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Indian digital currency to be launched in FY23 to be cost effective, transparent and secure

Nearly 100 countries are exploring CBDCs at one level or another. Some research, some tests and some already distributed CBDC to the public, says the IMF. Finance Minister Nirmala Sitharaman said digital currency will give a big boost to the digital economy. The idea of ​​issuing central bank digital currency …

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Why Real Estate Investors Should Pay Attention to Currency Changes in Africa

The Zambian currency is currently listed as the best performing currency in the world and among the strongest currencies in Africa. This follows renewed optimism in the country due to the new administration which saw the country post impressive results with its currency appearing as one of the worst performing …

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Commercial banks finally put an end to a method Nigerians and black market traders get cheap dollars

Commercial banks have finally shut down the only indirect route through which black market traders get cheap dollars The huge discrepancy between the black market and official rates has created a market in which some Nigerians misrepresent travel in order to access cheap dollars. Dollars obtained from banks are then …

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Montague slams commercial banks for ‘mistreating customers’

On Wednesday, St Mary Western MP Robert Montague launched a campaign against commercial banks, over what he said was the “mistreatment” of their customers. The government deputy went on the offensive by contributing to the debate on the state of the constituency 2022-2023 in the House of Representatives. He even …

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Montague slams commercial banks for ‘bad service’

Robert Montague St Mary Western MP Robert Montague of the Jamaica Labor Party lambasted the country’s commercial banks on Wednesday, accusing them of putting profits before people as he ripped at their “poor customer service”. Montague went on the offensive while making his first contribution to the state of the …

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What is the impact of the Bank of Canada’s balance sheet on the banking system?

Introduction The COVID‑19 pandemic has caused severe stress in fixed income markets. In response, in April 2020, the Bank of Canada launched the Government of Canada (GC) Bond Purchase Program. Initially, the program focused on restoring the functioning of the Government of Canada bond market. In July 2020, this focus …

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Commercial banks allowed to expand their line of credit

Recently, based on the application of commercial banks and the State Bank (SBV) ranking score through factors such as reduction of interest rates on loans to support businesses and people, credit restructuring in potential risk areas, participation in supporting the treatment of weak credit financial institutions, commercial banks have just …

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August trade gap is an early warning of currency and forex concerns

India’s trade data for August shows an unusual distortion. While imports grew at a high rate of 37%, there was a negative 1.5% growth in exports, and the trade deficit for August widened to around $28.7 billion from 11 .6 billion in August 2021. The trade deficit widened by more …

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Can cryptocurrency become a single currency? — Hometown Station | KHTS FM 98.1 & AM 1220 — Santa Clarita Radio

The idea that a country can disrupt or inhibit capable and established supply chains is not just a concern in today’s geopolitical and economic environment. But something that is at the forefront of the minds of those who have worked in these industries for decades. If you are a beginner, …

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One dead as protests in Haiti against banking system and government turn violent

Violence erupted in the Haitian capital and several other cities on Wednesday as demonstrators took to the streets to protest against gang violence and the high cost of living, targeting the country’s banking system and the acting prime minister. Ariel Henry. At least one person has died in Port-au-Prince, and …

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Impressive Currency Converter Apps Market Gains

marketreports.info provides well-researched, industry-wide information on the currency converter app market. It provides information on the essential aspects of the market such as major participants, factors driving the growth of the Currency Converter Application market, an accurate estimation of the Currency Converter Application market size, upcoming trends , changes in …

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Commercial banks borrow 4.4 billion naira from CBN in three months

From June to August, depository banks (DMBs) borrowed N4.4 trillion naira from the Central Bank of Nigeria (CBN) through its overnight lending window, according to data obtained from the regulator. Subject to certain eligibility restrictions, banks frequently use the CBN’s Standard Lending Facility (SLF) to borrow money to fill their …

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Thieves attack commercial banks in Kogi

Gunmen launched an attack on commercial banks in Ankpa, Kogi state on Tuesday, taking an undisclosed sum of cash. It was collected that for almost an hour and a half, Ankpa, the Ankpa local government headquarters in Kogi state, was under siege as thieves amused themselves. Sources informed LEADERSHIP that …

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Fitch warns of high risk that Sri Lanka could default on local currency bonds

Sri Lanka faces high risk of default on its local currency bonds as it seeks to reduce debt, key to securing financing from the International Monetary Fund to bring relief to the crisis-hit island. Fitch Ratings’ ‘CCC’ rating on long-term local currency debt that was confirmed …

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Commercial banks borrow N4.4tr from CBN in 3 months — Business — The Guardian Nigeria News – Nigeria and World News

34% of commercial loans held by the public sectorDepository banks (DMBs) accessed a cumulative value of N4.4 trillion naira from the Central Bank of Nigeria (CBN) through its overnight lending window from June to August, according to data from the regulator. Banks regularly access the CBN’s Standard Lending Facility (SLF) …

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Curbing Currency Volatility – Editorials

EDITORIAL: “The worst is behind us,” the chief economist of the State Bank of Pakistan (SBP) said in a recent podcast. He’s not wrong, so to speak. With the International Monetary Fund (IMF) program back on track, external financing needs for the year seem to have been secured. The sharp …

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Create your own motto — Daymond John’s Way | Bargain hunting

As we strive to get a business started, every resource we can put into play is valuable. But the asset we tend to value the most – cash – usually seems to be the scarcest. The thing is, each of us sits on another kind of bankroll that’s equally powerful …

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