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Hong Kong c.bank confident in currency peg even as interbank rate jumps By Donny Kwok. HONG KONG, April 19 (Reuters) - Hong Kong's central bank said on Thursday it has confidence in the financial hub's more than three-decade old peg to the U.S. dollar, even as it continued to intervene to prop up the currency and as interbank rates jumped to a 10-year high. The Hong ...
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Iran Lawmakers Want Central Banker Fired Amid Currency Turmoil Half of Iran's lawmakers have written to President Hassan Rouhani demanding the removal of the country's central bank chief, accusing him of mismanaging the banking industry and currency markets as the rial weakened to a record low. Valiollah Seif. Photographer: Drew Angerer/Bloomberg. Iran has ...
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Relaxed currency derivatives norms to bring more arbitrage opportunities "Arbitragers have found a new destination – the options market," said Anindya Banerjee, currency analyst at Kotak Securities. "With more space available, they are now betting between the offshore and domestic exchange traded options markets. This will help deepen the currency derivative market in ...
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Malawi business man fined MK29 million for illegal possession of foreign currency and ivory pieces A Malawian businessman of Asian origin on Wednesday escaped a 10 year jail term by paying over K29 million fine imposed on him by the Blantyre Senior Resident Magistrate Court on two counts of Illegal Possession of Foreign Currency contrary to Regulation 25 of the Exchange Control Regulations ...
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