Latest news and articles about Central Bank from NEX English
In an effort to reassure investors, the Bangladesh Central Bank confirmed that the foreign exchange market remains stable despite the Taka's drop to its lowest value against the dollar. This statement comes at a critical time as the Bangladeshi economy faces significant challenges.
The Central Bank of Egypt announced a significant increase in net foreign reserves to <strong>$52.83 billion</strong> by the end of March 2026, up from <strong>$52.745 billion</strong> at the end of February of the same year. This rise reflects the government's efforts to improve the economic situation and enhance financial stability.
The Turkish government is considering raising electricity and natural gas prices this month to mitigate the effects of rising global energy prices. Finance Minister Mehmet Şimşek has warned of increasing pressures on the national budget due to energy subsidies.
The exchange rate of the US dollar against the Egyptian pound remained stable today, April 3, 2026, following the Central Bank's decision to maintain interest rates. Investors are closely monitoring the implications of this decision on other currencies.
The withdrawal of the Colombian Finance Minister from the recent Central Bank meeting raises serious questions about policymakers' ability to manage monetary policy. This comes as the next meeting approaches, increasing economic uncertainty.
The Central Bank of Jordan has announced the allocation of loans up to <strong>one million dinars</strong> to support tourism facilities affected by recent crises. This initiative is part of government efforts to bolster the tourism sector, a vital source of national income.
The Central Bank of Turkey reported a sharp decline in the country's gold reserves by approximately 50 tons, bringing the total to 772 tons. This marks the largest weekly drop since August 2018, influenced by the repercussions of the American-Israeli war on Iran.
The exchange rate of the dollar in Egypt showed significant variation on Thursday, with a decline officially at the Central Bank while rising in some private banks, nearing 53 pounds. This fluctuation reflects ongoing pressures on the local currency amid current economic conditions.
The Sri Lankan Central Bank decided to maintain the key interest rate at <strong>7.75%</strong> to counter the impact of rising energy costs on inflation. This decision comes amid growing concerns over the ramifications of the conflict in the Middle East.