#foreignexchangereserves

[biglisbonnews]

Kenya is running out of US dollars Kenya is facing an acute foreign exchange crunch, with US dollar reserves dropping to their lowest in eight years as its currency keeps plummeting against major global currencies.Read more... https://qz.com/why-is-kenya-running-out-of-dollars-1850194509

[emeriobanque]

IMF To Distribute $650b Reserves In New SDRs To Promote Post-pandemic Global Recovery As per the latest reports on Aug 24th, 2021, it has been announced by the IMF that it is likely to distribute about $650 billion in new Special Drawing Rights (SDR) to its members, facilitating a “crucial boost” in the worldwide efforts to further battle the Covid-19 pandemic, as per Managing Director, Kristalina Georgieva. This International Monetary Fund's biggest-ever dispersal of monetary reserves will benefit the global economy through an extra liquidity source, enlarging member nations’ foreign exchange reserves and mitigating their dependence on more costly domestic or external debts, as per Georgieva in a statement. She further added, “The allowance of the monetary reserve is an essential encouragement for the world and, if it is utilized efficiently, it will act as an innovative opportunity to battle this unforeseen emergency.” Read more: https://bit.ly/3gprFZ5 #IMF #SpecialDrawingRights #SDR #GlobalRecovery #KristalinaGeorgieva #foreignexchangereserves #emerionews #emeriobanquenews #financialupdates #globalmarket https://www.instagram.com/p/CTPNURBvSvu/?utm_medium=tumblr

[net4news]

Forex reserves fall by $2.986 billion to $579.285 billion - Net4News

MUMBAI: The country's foreign exchange reserves declined by $2.986 billion to reach $579.285 billion in the week ended March 26, the Reserve Bank of India (RBI) data showed on Friday. In the previous week ended March 19, the forex kitty had increased by $233 million to $582.271 billion. It had touched a record high of $590.185 billion in the week ended January 29, 2021. In the reporting week ended March 26, 2021, the fall in reserves was on account of a decrease in foreign currency assets (FCA), a major component of the overall reserves. FCA declined by $3.226 billion to $537.953 billion, as per weekly data by the RBI. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. The gold reserves increased by $276 million to $34.907 billion in the reporting week, the RBI data showed. The special drawing rights (SDRs) with the International Monetary Fund (IMF) dipped by $9 million to $1.49 billion. The country's reserve position with the IMF declined by $27 million to $4.935 billion in the reporting week, according to the data. Source link Read the full article

[gauravdwivedy]

Forex reserves surge $5.4 billion to all-time high of $560.532 billion - Times of India

MUMBAI: The country's foreign exchange reserves swelled by $5.412 billion to touch an all-time high of $560.532 billion in the week ended October 23, RBI data showed on Friday. In the previous week ended October 16, the reserves stood at $555.12 billion after increasing by $3.615 billion. During the reporting week, the surge in the forex kitty was mainly on account of an increase in foreign currency assets (FCA), a major component of the overall reserves. FCA rose by $5.202 billion to $517.524 billion, the RBI's weekly data showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. The gold reserves were up by $175 million in the reporting week to $36.860 billion, as per the central bank data. The special drawing rights with the International Monetary Fund (IMF) rose by $8 million to $1.487 billion. The country's reserve position with the IMF also climbed by $27 million to $4.661 billion during the reporting week, the data showed. Source link Read the full article

[qaumiakhbar]

نمایاں اضافہ،زرمبادلہ کے ذخائر 20 ارب ڈالر تک پہنچ گئے #ForeignExchangeReserves

[viralhai]

Foreign Exchange Reserves at New Record Level of $ 538 Points 19 Billion | ViralHai News [ad_1]

The country's foreign exchange reserves have reached a new record level of $ 3.62 billion to $ 538.19 billion in the week ended August 7 on the basis of large increase in gold reserves. Foreign exchange reserves have risen for the seventh consecutive week. The Reserve Bank made large-scale purchases of gold in the week ending 07 August. Gold reserves reached $ 39.79 billion during the week, up from $ 2.16 billion, according to an int chart released by the central bank. Talking about the latest figures, the foreign exchange reserves have increased by $ 99 billion since Shaktikanta Das took over.

Read also: 16 billion dollars of foreign exchange reserves is enough to save from any adverse situation

During the same period, foreign exchange grew by an inevitable $ 1.46 billion to $ 492.29 billion, which is the largest component of the country's foreign exchange reserves. In the week under review, the reserves with the Internal Monetary Fund fell by $ 7 million to $ 4.63 billion, while the special drawing rights reached $ 6 million to $ 1.48 billion. Earlier, the foreign exchange reserves had increased by $ 11.94 billion to $ 534.57 billion for the week ended 31 July.

Read also: Power demand declined by 5.65 percent to 167.49 GW

According to a report by Bank of America, foreign exchange reserves have increased by $ 81 billion since Reserve Bank Governor Shaktikanta Das took over. Shaktikanta Das took over as the Governor of the Reserve Bank in December 2018. The foreign exchange reserves have reached a record high as their bank governor. His efforts recalled the time of former RBI governors like Bimal Jalan, YV Reddy.

Read also: Gold can touch the level of Rs 67,000 per ten gram, boon is proving that there is investment in gold

For the first time in his time, the country's reserve had reached a sufficient level to meet imports. The country's foreign exchange reserves of $ 516 billion are enough to protect against any adverse situation. The report states that the current foreign exchange reserves are sufficient to meet the import requirements of about 15 months.

. [ad_2] https://tinyurl.com/y4dwn5fk #billion #exchange #foreign #foreigncurrency #foreignexchangereserves #hindinews #hindustan #india #level #news #newsinhindi #points #record #reserves #viralhai

[biglisbonnews]

Why is Pakistan teetering on the brink of default? Over the past several months, Pakistan has faced a crisis similar to Sri Lanka’s, with a weak currency and the highest-ever inflation rate. Things may be reaching a flashpoint now.Read more... https://qz.com/why-is-pakistan-teetering-on-the-brink-of-default-1849981792

[grizzlemedia-blog]

Weak Chinese Stock Market Driven by Domestic Deleveraging not Trade War

The weak Chinese stock market is not attributed to Trump's trade war but rather due to slowing consumption and domestic deleveraging. #china #economy Read the full article

[jhunjhunwalas]

‎India‬‘s ‪#‎ForeignExchangeReserves‬ as on 11th December 2015 Released by ‪#‎RBI‬ ‪#‎ReserveBankofIndia‬ ‪ #‎ForexReserves‬ ‪#‎InterntionalReserves‬ ‪#‎ForeignCurrency‬ ‪#Banking‬Data ‪For more informative posting visit… https://www.linkedin.com/company/jhunjhunwalas

[jhunjhunwalas]

India‬’s ‪#‎ForeignExchangeReserves‬ on October to 20th November and 11th December 2015 Released by ‪#‎RBI‬ ‪Reserve Bank of India‬ ‪ #‎ForeignReserves‬ ‪#‎InterntionalReserves‬ ‪#‎ForeignCurrency‬ ‪#‎Finance‬Data ‪#‎JhunjhunwalasFinance‬

[jhunjhunwalas]

#India’s #ForeignExchangeReserves held with Reserve Bank of India stood at US $ 316.31 Billion i.e. Rs. 19,607.40 Billion as on 28th November 2014 . Data Released by India's Central Bank #RBI #ReserveBankofIndia on 5th December 2014. #ForexReserves #IndianBanking #BankingData #ForeignExchangeData #IndianForeignReserves For more Informative posts click : https://www.linkedin.com/company/jhunjhunwalas