Foreign Exchange
Nigerian central bank in $8 billion court battle with telecoms company
South African firm says central bank’s demand over alleged breach of forex rules is “illegal”
Sudanese central bank increases liquidity supply as signs of crisis grow
Governor eases liquidity restrictions as reporters note long queues at banks
Iran cuts forex restrictions as pressure on currency continues
Authorities say central bank will intervene to support rial
Nigerian central bank demands repatriation of $8 billion
CBN says South African firm and local banks illegally transferred funds outside country
Sudanese central bank attempts to tighten finances as crisis deepens
No replacement announced for late governor, who died in June
Malaysian central bank liberalises forex regime
New governor also signals end to policy of forcing cap on foreign ownership of insurance firms
Ex-PBoC governor says renminbi internationalisation is long-term project
Future is "promising", despite signs of stagnation
Turkish central bank raises overnight rates in bid to stop lira’s fall
Move comes despite president Erdoğan’s hostility to rate hikes
Argentinian central bank takes drastic action over currency crisis
BCRA hikes key rate by 500 basis points and pledges major forex and debt changes
Argentine finance minister becomes central bank governor as crisis deepens
Sturzenegger resigns as Argentine government says it expects IMF aid package soon
Nominal exchange rates can be forecast on ‘back of a napkin’ - ECB paper
Flexible exchange rates in advanced countries have two regularities, researchers find
UAE deposits $1.4bn with Sudan’s central bank as currency pressure continues
The country has “unsustainable” debt levels and US sanctions hurt debt relief – IMF
Sudanese central bank weakens foreign exchange rate for banks
Official rates remain well above black market prices, local reports say
Liberian central bank attacks legislation as ‘forced de-dollarisation’
Central bank calls for gradual approach to prevent possible severe consequences
DNB paper looks at Fed’s use of credit swap lines
Federal Reserve used currency swap lines to calm markets in worst of crisis, paper says
Weaker franc gives SNB newfound leeway
The Swiss franc falls to its lowest level against the euro since January 2015
Bank of Russia to buy forex to counter oil price changes
Finance ministry orders central bank to sell or purchase forex
Ukrainian central bank drops open forex auctions
Central bank aims to “minimise its presence” in forex market
Chinese law doubts holding back RMB internationalisation – paper
Bank of Italy occasional paper looks at recent history of renminbi trading in Europe
IMF staff raise concerns over Nigeria’s FX regime
Authorities insist restrictions are temporary
Solomon Islands urged to include renminbi in exchange rate basket by IMF staff
IMF staff suggest changes to exchange rate regime
Guy Debelle reviews forex code progress ahead of first-phase release in May
Global code to be implemented as principles rather than rules
Venezuela revamps foreign exchange regime
Government reduces number of rates available from three to two
Trinidad governor implies $500m injection failed to solve US dollar shortfall
Trinidad and Tobago’s Jwala Rambarran calls for diversification in the economy