Monthly Archives: October 2022

1.7 trillion shillings loan from commercial banks not a silver bullet – government

The FThe Ministry of Finance has said that a loan proposal request for 455.03 million euros (about 1.7 trillion shillings) which was recently presented to Parliament is not “a quick fix”. The ministry said in a tweet on Monday that this money to be borrowed from Standard Chartered Bank and …

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SOFTSWISS updates its in-game currency conversion feature to add up to nine fiat currencies

iGaming Software Solution Provider SOFT SWISS announced on Monday that he is update one of the most requested features of its casino platform, its in-game currency conversion. The online casino management software now allows players to convert their crypto balances into nine fiat currencies. Prior to the update, cryptocurrency could …

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Government wants to expand digital banking services and plans to launch digital currency

Published: Oct 29, 2022 3:36:26 p.m. The government is optimistic about the expansion of digital banking in the country to accelerate financial inclusion with the aim of creating more jobs for young job seekers. According to an official document seen by UNB, the government has stepped in to look into …

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O leadership…replace the currency to eliminate illegally acquired money – ARAB TIMES

WhatsApp Facebook Twitter E-mail Messenger This post has been read 3230 times! WE speak directly to political leaders and to His Highness the Prime Minister to speak of a painful reality that must be faced boldly; far from emotions and stories – the reality of drugs, financial corruption, bribes and …

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Form 8-K COLUMBIA BANKING SYSTEM, Due: October 25

Item 8.01. Other events. On October 25, 2022, the Federal Reserve Board of Governors (the “Federal Reserve Board”) approved Columbia Banking System, Inc.’s (“Columbia”) application for the previously announced combination of Columbia and Umpqua Holdings. Corporation (“Umpqua”) pursuant to the agreement and plan of merger (the “Merger Agreement”), dated October …

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Digital Currency Cryptocurrency Investment Tips Portfolio How To Generate Advantage Earnings

Cryptocurrency, Central Bank Digital Currencies (CBDCs), and stablecoins are not just trendy currencies. They gave a new perspective to the conventional monetary system. With the advent of digital currency, the concept of money has evolved from a mere medium of exchange to something that can generate and deliver “value” to …

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How does Japan intervene in the foreign exchange markets?

Comment this story Comment Speculation that Japan could step in to support its currency has revived several times this year as the yen plunged to its lowest level in 24 years against the US dollar. In mid-September, the Bank of Japan reportedly carried out a so-called rate control, a move …

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Commercial bank deposits rise 1.8% to QR 973 billion in August

Stock photo used for representational purposes only. Photo by Abdul Basit/ The Peninsula The banking sector in Qatar showed resilience and recorded growth in August. Commercial banks in Qatar saw an increase in deposits and credit facilities year-on-year in August 2022 according to data from the Planning and Statistics Authority. …

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In Argentina, controls spawn soy and “Netflix” exchange rates

Breadcrumb Links PMN Technology PMN Company Author of the article: Content of the article BUENOS AIRES — Jose Zegarra, a Peruvian tourist in Argentina’s capital Buenos Aires, has found out the hard way that the value of the country’s peso isn’t always what it seems, as strict capital controls result …

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Inflation eats away at Nigerians’ savings in commercial banks ahead of holiday shopping

The pace at which the prices of goods and services are rising has reached a new high Latest data from the National Bureau of Statistics shows inflation figures hit their highest level in 17 years in September Rising inflation has severely eaten away at Nigerians’ savings in commercial banks ahead …

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Smartphone apps bury pan-Asian currency case

Unrealistic as it was technically, the idea of ​​a pan-Asian currency has always had some political support: since 2005, the Japanese have published the exchange value of what is called the Asian monetary unit, a precursor to what will one day become the regional equivalent of the euro. The debt …

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PM stresses the role of the banking system as the arteries of the economy | Bank and finance

Prime Minister Pham Minh Chinh (center) speaks during the meeting with presidents and CEOs of commercial banks in Hanoi on October 16. (Photo: SGGP) The event took place on the occasion of 77 years since the late President Ho Chi Minh sent a letter to the industry and commerce sector …

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PM stresses the role of the banking system as the arteries of the economy | Company

Prime Minister Pham Minh Chinh (center) speaks at the meeting with commercial bank presidents and CEOs in Hanoi on October 16. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh said that banking system play the role of arteries of the economy during a meeting with presidents and CEOs …

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Total number of new banknotes printed by SBP from 2018 to 2022

In the literal sense, the number of tickets printed from July 1, 2018 to June 30, 2022 amounts to Rs 7,201,480 million. However, the literal printing of banknotes does not necessarily mean an increase in the overall cash flow of the economy by the same amount. The major factors that …

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Commercial banks lay off 12,000 employees in 4 years as wage costs hit record high

BNS data has once again demonstrated the unpredictability of labor in Nigerian commercial banks According to data, more than 12,000 Nigerians working in commercial banks have lost their jobs in four years, with 1,949 laid off in 2021 alone It is also important to note that the new wave of …

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G20 Central Bank Digital Currency TechSprint Winners 2022

SALT LAKE CITY, October 12, 2022 /PRNewswire/ — Bitt and IDEMIA are thrilled to have won the CBDC 2022 G20 TechSprint Global Competition. The announcement came ahead of the G20 summit in Bali of the Bank for International Settlements (BIS) and Bank Indonesia as they concluded their third annual competition, …

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India’s apex bank will soon launch a pilot version of the digital version of India’s currency

House ” General ” Company ” India’s apex bank will soon launch a pilot version of the digital version of India’s currency Mumbai October 9 (SocialNews.XYZ) India’s apex bank – the Reserve Bank of India (RBI) – has announced that it will soon begin the pilot launch of the digital …

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Why does the central bank of Nigeria charge commercial banks?

The news The Central Bank of Nigeria debited ₦838.32 billion from 15 banks for failing to meet the minimum cash reserve ratio. Some affected banks include First Bank, Zenith Bank, Access Bank, Union Bank, United Bank for Africa, Polaris Bank and Keystone Bank. The Central Bank of Nigeria (CBN) announced …

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SWIFT presents master plan for central bank digital currency network

LONDON, Oct 5 (Reuters) – Financial messaging system SWIFT has outlined its plan for a global central bank digital currency (CBDC) network following an 8-month experiment across different technologies and currencies. The trial, which involved the French and German national central banks as well as global lenders like HSBC, Standard …

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CBN Urged To Review Anti-Crypto Directive In Banking System | The Guardian Nigeria News

The Central Bank of Nigeria (CBN) has been urged to reassess its current anti-crypto directive prohibiting commercial banks and other financial institutions from processing related transactions. It is also urged to focus on an effective and efficient transaction monitoring and reporting system rather than outright bans. The position was advanced …

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why commercial banks will be key players

Central bank digital currencies (CBDCs) – a digital form of central bank money – are firmly on the radar of central banks around the world. According to Atlantic Council over 100 countries are actively exploring a CBDC. Many are further along in their journey and some have already started. But …

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Currency: Decoded: Currency Volatility and Current Stock Market Development

Over the past few days, we have taken into account that the Indian Rupee (INR) has been depreciating sharply, reaching an all-time low of 82 per US dollar. The depreciation of the rupee influences the national economy as well as the stock market. For an ordinary man, the national currency …

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