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Rupee weakens to 63.94 on dollar demand The rupee weakened by 10 paise to 63.94 against the US dollar in early trade at the interbank foreign exchange market today on increased demand for the American currency from importers and banks. Forex dealers said the dollar's gains against major world currencies overseas weighed on the rupee ...
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Airlines' trapped cash falls to $30m In a statement made available to this newspaper, Director-General of IATA, Alexandre de Juniac, lamented that in nine African countries; international carriers are unable to repatriate their foreign currency earnings, while locally-based airlines experience difficulties making on-time foreign currency ...
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52% of Diasporans send remittances Foreign currency remittances are the second largest source of forex in the country after exports. These remittances contributed to the $5,5 billion in total foreign currency receipts from 2017. Last August, the Reserve Bank of Zimbabwe increased the Diaspora Remittance Incentive Scheme to 10% from ...
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South Korean Exchanges Are Barring Foreign Residents from Trading Later, government officials stated that a digital currency exchange ban is only a potential measure for enforcing regulations. Since then, the cryptocurrency market has stabilized at a valuation around $620 billion after having previously fallen to $428 billion. The new regulations are aimed to curb South ...
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