Daryo Central Asia & Afghanistan’s Post

The Russian central bank increased its key interest rate by 1% to 19% on Friday, due to persistent high inflation and robust domestic demand. This figure is just shy of the record high of 20% that was recorded immediately after Russia’s full-scale invasion of Ukraine. This adjustment represents the second consecutive hike following a period from late 2023 to the end of July 2024, during which the rate was maintained at 16%. Read more: https://lnkd.in/dUwaH6iS #Russia #Interestrate #banking #finance #inflation

Weekly #centralbanks #ReferenceRate Decisions recap Down 50bps Bank of #Canada - 3.75% Up 200bps Central Bank of the Russian Federation - 21.00% Past meetings and #interestrates decisions here: https://lnkd.in/dJgAmFJ #Russia #wproconnect

What is wrong with monetary unions in #Africa? A recent article published on Burundi Eco provides an update on the progress of the creation of a common currency in the East African Community (#EAC). The article notes that despite the efforts made by central banks in this region to harmonize their policies and achieve macroeconomic convergence among their States, this project is becoming increasingly difficult to be achieved. And this situation is not unique to the EAC, as similar attempts in other African regions are facing the same challenges... Read more here: https://lnkd.in/d5kn-y8A

Russia grapples with soaring inflation rates despite aggressive interest hikes by the Central Bank. Economic policies and global challenges exacerbate the financial turmoil, hinting at a precarious future. #RussiaInflation #EconomicCrisis #CentralBank https://lnkd.in/dXEKU7Y8

Zimbabwe🇿🇼 aims for its gold-backed currency to float freely on the foreign exchange market, aiming for true price discovery without administrative interference, according to Deputy Central Bank Governor Innocent Matshe. “The endgame is a floating exchange rate free from interference,” he stated in an interview Wednesday in Bulawayo.

Zimbabwe🇿🇼 aims for its gold-backed currency to float freely on the foreign exchange market, aiming for true price discovery without administrative interference, according to Deputy Central Bank Governor Innocent Matshe. “The endgame is a floating exchange rate free from interference,” he stated in an interview Wednesday in Bulawayo.

The Evolution of the USD-CLP Exchange Rate: January 2014 to December 2024 📈 The USD-CLP exchange rate has undergone significant changes over the past decade, reflecting global trends, local economic policies, and shifting market dynamics. As we approach the end of 2024, the big question remains: What’s next for the relationship between these two currencies? Share your thoughts below! Source: Central Bank of Chile #ForexTrends #USDCLP #FinancialInsights

Central Asian banks increase payment refusals for Russian businesses by 30% in July This growing issue impacts banks across Kazakhstan, Kyrgyzstan, Uzbekistan, and Tajikistan. 👉Details — https://lnkd.in/dKYsJGE7 #PaymentRefusals #RussianBusiness #CentralAsia #Kazakhstan #Kyrgyzstan #Uzbekistan #Tajikistan #SanctionsImpact #FinancialInclusion #CrossBorderPayments #Geopolitics #EconomicChallenges

Did you know? 📊 The South African Reserve Bank, established in 1921, was the first central bank in Africa! It helps manage inflation and keeps the economy stable. 🏦💡 #FinanceFacts #SARB #Economy #SeshegoConsulting #FinancialPlanning

Lebanon’s central bank has achieved 12 months of exchange rate stability. Foreign currency reserves have recently clawed back above $10 billion. At the one-year mark of Wassim Mansouri’s reign as acting governor, economist Layal Mansour lauds his disciplined implementation of a quasi-currency board solution but urges this solution’s full and formal adoption.  Read full article here: https://bit.ly/3LIgbzt #lebanon #beirut #currency