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| Traders reject bond coins The parallel market cash traders, who have become the only reliable foreign currency sources, seem to be leading the rejection of coins." Bond coins were introduced by the RBZ in 2014 to ease the problem of change in United States dollars. By December 2017, the central bank said $331,94 million ...
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| RBI liberalizes ECB norms; more access to cheaper funds With a view to harmonising the extant provisions of Foreign Currency and Rupee ECBs and Rupee Denominated Bonds, it has been decided to stipulate a uniform all-in-cost ceiling of 450 basis points over the benchmark rate. "The benchmark rate will be 6 month USD LIBOR (or applicable benchmark ...
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| THE RUPEE: stable trend According to currency dealers, the greenback commenced trading on its overnight closing of Rs 118.40 and Rs 118.70 as its buying and selling rates, respectively. ... RUPEE IN ISLAMABAD AND RAWALPINDI: The dollar gained 20 paisa against the rupee at the open currency markets of Islamabad and ...
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| Egypt is expected to keep booming as dust settles on its presidential election "The risk is that policy missteps could trigger capital flight, lead to a depreciation of the Egyptian pound and a corresponding increase in import inflation, but in our view, this risk remains limited at the moment," said Ed al-Hussainy, senior interest rate and currency analyst at Columbia Threadneedle.
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