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3232Kenyan Forex Crisis: Central Bank Orders Financial Institutions to Ration Dollars
https://www.digit.info/kenyan-forex-crisis-central-bank-orders-financial-institutions-to-ration-dollars/
Mon, 06 Mar 2023 11:04:56 +0000https://www.digit.info/2023/03/06/kenyan-forex-crisis-central-bank-orders-financial-institutions-to-ration-dollars/Read more]]>Growing shortages of foreign exchange on the interbank market have reportedly forced the Central Bank of Kenya to ask financial institutions to ration dollar purchases by Kenyan businesses. The shortages have forced Kenyan firms to seek greenbacks on alternative markets where the exchange rate is higher than the official government rate. New Limits Curtailing Operations […]
]]>Kenyan Central Bank Rejects Deputy President Rigathi Gachagua’s Claims Country Lacks Forex to Import Oil
https://www.digit.info/kenyan-central-bank-rejects-deputy-president-rigathi-gachaguas-claims-country-lacks-forex-to-import-oil/
Tue, 04 Oct 2022 06:45:01 +0000https://www.digit.info/2022/10/04/kenyan-central-bank-rejects-deputy-president-rigathi-gachaguas-claims-country-lacks-forex-to-import-oil/Read more]]>The Central Bank of Kenya appeared to rebuke the country’s new deputy president Rigathi Gachagua, after it rejected the latter’s claims the East African nation lacks enough foreign exchange to import oil. According to the bank, all the foreign exchange used in private transactions and for oil imports is sourced from commercial banks. Central Bank […]
]]>Czech Central Bank Plans Tenfold Increase in Gold Holdings, New Governor Says Precious Metal ‘Good for Diversification’
https://www.digit.info/czech-central-bank-plans-tenfold-increase-in-gold-holdings-new-governor-says-precious-metal-good-for-diversification/
Sat, 04 Jun 2022 16:30:29 +0000https://www.digit.info/2022/06/04/czech-central-bank-plans-tenfold-increase-in-gold-holdings-new-governor-says-precious-metal-good-for-diversification/Read more]]>The incoming governor of the Czech National Bank (CNB), Aleš Michl, has said he plans to increase the institution’s gold holdings almost tenfold from the current 11 tonnes to 100 tonnes. Michl also said he will ask the bank’s foreign exchange reserves management team to invest in stocks. Growing the CNB’s Shareholding The incoming governor […]
Growing shortages of foreign exchange on the interbank market have reportedly forced the Central Bank of Kenya to ask financial institutions to ration dollar purchases by Kenyan businesses. The shortages have forced Kenyan firms to seek greenbacks on alternative markets where the exchange rate is higher than the official government rate. New Limits Curtailing Operations […]
The Central Bank of Kenya appeared to rebuke the country’s new deputy president Rigathi Gachagua, after it rejected the latter’s claims the East African nation lacks enough foreign exchange to import oil. According to the bank, all the foreign exchange used in private transactions and for oil imports is sourced from commercial banks. Central Bank […]
The incoming governor of the Czech National Bank (CNB), Aleš Michl, has said he plans to increase the institution’s gold holdings almost tenfold from the current 11 tonnes to 100 tonnes. Michl also said he will ask the bank’s foreign exchange reserves management team to invest in stocks. Growing the CNB’s Shareholding The incoming governor […]