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Blow to CBK as board nullifies new currency tender award The Central Bank of Kenya (CBK) has suffered a major blow after its award of currency printing tender to a British firm was nullified due to wrongful application of the law. CBK was found to have violated the law by applying a 15 per cent margin preference meant for local firms to favour De La Rue ...
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Govt. borrowed USD 14.6 bn foreign currency loans: MR The government has borrowed over USD 14.6 billion in foreign currency loans alone during the short period of 36 months that this government has been in power, former President Mahinda Rajapaksa said today. He said even though 14.6 billion USD would suffice to build five Norochcholai power ...
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FOREX-Euro pauses after strong run LONDON, Jan 8 (Reuters) - The euro dipped a quarter of a percent on Monday as investors took profits after a recent rally though markets remain optimistic about the outlook for the single currency after lackluster U.S. jobs data. With foreign exchange markets extending the sell-dollar theme from late last ...
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