Saudi Central Bank reserves increased by more than $24.5bn by the end of Q2 2024
foreign currency reserves
Latest in foreign currency reserves
financial crisis
Lebanese expats set to lose millions amid economic crisis
The country’s deputy prime minister said the government’s plan won’t cover all depositors
foreign currency reserves
Look beyond oil for clues into $447bn Saudi currency stash
Sharp increases in the central bank’s net foreign assets now coincide with payouts from state-controlled oil producer Saudi Aramco
Central Bank of Lebanon
Lebanon grants limited access to bank deposits amid crisis
Move comes nearly 20 months after banks denied them access as a result of the crippling financial crisis
Central Bank of Lebanon
Lebanon halts dollar withdrawals at more favourable rate
The bank said the decision implemented a request by the Shura Council, Lebanon’s top administrative court
Currencies
King dollar fights back after turbulent year
Markets are positioning themselves for more policies and stimulus from new President Biden, and the potential for higher prices
CBUAE
UAE Central Bank’s foreign currency assets hit $94.28bn
The UAE’s monetary base has also expanded 6 percent to an 11-month high
foreign currency reserves
India sold $8bn of treasuries as central bank aided rupee
Despite the RBI’s presence, the rupee lost 3.3 percent against the dollar in those months as foreign funds exited high-yielding emerging markets for safer havens amid rising US interest rates
foreign currency reserves
Pakistan’s central bank devalues rupee as finances wobble before election
The Pakistan rupee is the worst performer in Asia this year, according to a basket of 13 currencies
emerging market
Pakistan’s indebted economy careens toward another IMF bailout
Pakistan, South Asia’s second-largest economy, has gone through decades of erratic growth, debt blowouts and balance-of-payments crises