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Hong Kong's currency to remain pegged to the US dollar in the near future, IMF's Lagarde says Hong Kong's currency should remain pegged to the US dollar, said the International Monetary Fund's Managing Director Christine Lagarde, even if it has weakened to the lowest level in 35 years, barely 0.01 cent from touching a red line that triggers an intervention by the city's monetary authority.
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Turkish currency intervention not needed, minister says Turkish authorities don't need to intervene in the currency market to arrest a slide in the lira's value, Economy Minister Nihat Zeybekçi said. The lira will find its own level, Zeybekçi said in an interview with BloombergHT television on Wednesday. Current levels for the lira, which sank to a record low of ...
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UAE's Mashreq bank launches $1 bln multi-currency CD programme in Hong Kong DUBAI, April 11 (Reuters) - Dubai-based Mashreq Bank said on Wednesday it has established a $1 billion multi-currency certificate of deposit programme in Hong Kong. The move will help Mashreq raise funds in US dollars, euros and Asian currencies, including the yuan, it said. "The introduction of this ...
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Iran limits foreign currency holdings outside banks Iran has limited the amount of foreign currency citizens can hold outside of banks to €10,000 ($12,350) in an effort to control the falling rial and control the country's severe dollar shortage. In a statement, the central bank said Iranians have until the end of April to sell excess foreign currency or deposit it in ...
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Russian Officials Claim Currency Plunge Is Temporary Russian officials claim that the plunge of the country's currency following fresh U.S. sanctions is temporary and that the Russian economy can withstand it. But some financial experts acknowledge there may be long-term consequences. The new U.S. sanctions were announced Friday to punish Russia ...
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Verge XVG Sails through the Rumors: Could TokenPay be the Mystery Partner? Verge (XVG) price is on a roll to the upside on the second week of April as enthusiasts and cryptocurrency investors especially those within Verge's community anticipate for the mystery partnership announcement on April 16. The price is up by over 29% on Tuesday 10, although the digital currency ...
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