Foreign Exchange
Malaysian governor urges firms to support currency
Cambodian and Malaysian central banks will launch a new cross-border payments link
Philippine central bank will cut FX interventions, governor says
“We’ve been intervening a bit too much”, Remolona says, as officials work on new framework
Colombian central bank begins cutting rates
Board splits over decision, as inflation remains above 10% while economy slows
Argentine government devalues peso and replaces governor
Finance minister announces austerity as IMF welcomes new president’s early moves
Bolivia reserves shortage worsens
Fuel runs short as ex-governor says government “does not want to recognise” crisis
BCRA requires prior approval for all FX requests
Virtual freeze on exchange as Pesce and other directors make way for Milei’s picks
Myanmar lets kyat float
Central bank also reduces requisition of foreign currency as war goes badly for junta
Israeli reserves increase by almost $7 billion in November
FX sales fall from $8.2 billion in October to $338 million last month
Managing reserves amid climate change and home-shoring
Central banks can still make asset allocations with solid climate outcomes, despite the slippage in net-zero timetable, writes Gary Smith
BCRA ex-governor Caputo will be Argentina’s economy minister
Central bank halts sales of devaluation hedge bonds
China and Saudi Arabia set up currency swap line
Three-year swap line will provide liquidity to both sides of up to $6.98 billion
IMF renews Mexico’s flexible credit line
Two-year deal provides Mexico with $35 billion in case of crisis
Hong Kong’s currency peg under strain – US report
Hong Kong’s currency peg to the dollar touched its weak side more than 40 times over a year
Malawi imposes capital controls after devaluation
Central bank devalued kwacha by 30% against US dollar last week
Crisis-stricken Israel has faith in central bank
Economists tell Central Banking the government must radically change fiscal priorities
Bank of Israel’s FX interventions reached $8.2 billion in October
Central bank approved $30 billion programme following Hamas attacks on Israel
Indonesia and Singapore renew bilateral liquidity lines
MAS and Bank Indonesia also renew bilateral repo agreement
Egypt restricts foreign currency credit card payments
The move comes after the central bank restricted debit card use abroad
Chile central bank acknowledges ‘very important depreciation’
Issue will feature at next week’s monetary policy meeting
Ecuador president-elect sends mixed signals on central bank raid
Noboa pledged to spend $1.5 billion, but later said this would only be in emergency
Israeli economy and budget will remain resilient, says Yaron
Bank of Israel governor expects inflation will return to target on schedule