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All Stories: central bank

The Advent of Banking: From Ancient Beginnings to Modern Evolution

Banking, as we know it today, is a cornerstone of modern economies, facilitating trade, investment, and financial stability. However, its origins trace back thousands...

Turkey central bank keeps key interest rate unchanged

ISTANBUL: Turkey's central bank on Thursday kept its key interest rate stable for the second month in a row even as the country is...

SBP’s foreign exchange reserves plunge to $5.5 billion

KARACHI: The foreign exchange reserves held by State Bank of Pakistan (SBP) continued their declining spree, plunging by $245 million to reach $5.58 –...

Central bank clarifies ambiguities over GDP growth rate numbers

The estimate released by the NAC of 3.94 GDP growth rate for FY21 was approved unanimously and has the full backing of the SBP

Saudi Arabia issues SR200 banknote to mark 5th anniversary of Vision 2030

The details regarding the SR200 banknote were shared by the Central Bank of Saudi Arabia in its Twitter post.

China central bank head says policy needs to selectively support growth, curb risks

“China’s macro leverage ratio is basically stable. We should provide positive incentives for economic entities and restrain the breeding and accumulation of financial risks.”

Oman’s central bank issues new copies of banknotes

The new copies of banknotes which will be traded as legal currencies along with the banknotes currently in circulation.

India’s central bank makes unconventional rate cut in bid to spur growth

The Reserve Bank of India (RBI) lowered its benchmark interest rates for a fourth straight meeting on Wednesday with a slightly bigger than expected cut, underscoring its worries about India’s near-five year low economic growth pace.

Turkey sacks central bank governor

Turkey has sacked the governor of its central bank and replaced him with his deputy, a presidential decree published in the official gazette said

Central bank to issue Rs50 International Anti-Corruption Day commemorative coin

KARACHI: The State Bank of Pakistan (SBP) to issue Rs50 commemorative coin of International Anti-Corruption Day on December 10. The federal government has authorised the...

FBR advises central bank to pay sales tax refunds to exporters

ISLAMABAD: The Federal Board of Revenue (FBR) has issued an advice to the State Bank of Pakistan for making payment of sales tax refunds...

Foreign exchange reserves diminished by $98Mn, placed at $7.68 Billion

KARACHI: Foreign exchange reserves held by the central bank continues to show downward trend for the 11th consecutive week as they knock down 1.26% on...

Indian rupee plunges to new low against the dollar

MUMBAI: India's rupee hit fresh lows against the dollar Wednesday as emerging market currencies continue to be sold off. The under-pressure currency in Asia's third-largest...

Rupee depreciates- US dollar hits extraordinary record of Rs122 in interbank market

KARACHI: Pakistan’s currency is devalued sharply in the opening of the week as US dollar hits a highest record of 122 for a third...

Value of Pakistani Rupee remains stable against dollar

KARACHI: Pakistani rupee showed stability against US dollar in the inter-bank market on Tuesday compared with Monday’s close of Rs115.5/115.7. The rupee remained constant against the...

Iran central bank bans cryptocurrency dealings

TEHRAN: Iran’s central bank has banned the country’s banks from dealing in cryptocurrencies, including Bitcoin, over money-laundering concerns, the state news agency IRNA reported...

Central bank takes measures for denomination of foreign currency transactions in Chinese Yuan

KARACHI: State Bank of Pakistan has taken comprehensive policy related measures to ensure that imports, exports and financing transactions can be denominated in Chinese...

Central bank grants Bank of China approval to start banking in Pakistan

ISLAMABAD: The State Bank of Pakistan (SBP) on Monday granted Bank of China Limited approval for commencement of banking business in Pakistan. Earlier, the central...

Imran Khan urges UAE central bank to disclose non-residents’ accounts details

ISLAMABAD: Declaring Iqama a kind of protection and safe passage, Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Thursday urged United Arab Emirates (UAE)...

UAE central bank bars deals with Qatar-linked people

ABU DHABI: The United Arab Emirates (UAE) central bank has instructed local banks to stop dealing with 59 individuals and 12 entities with alleged...
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