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    Central banks in Asia, Australia and NZ join global currency war

    10 Aug 2019

    Central banks in Asia, Australia and New Zealand (NZ) have joined a brewing global currency war by slashing interest rates and pledging to keep them down, worrying markets over the risk of a chase to the bottom.

    India’s top court strikes down RBI banking ban on cryptocurrency

    04 Mar 2020

    The ban led to plummeting trade volumes and exchanges shutting their businesses. A three-judge Supreme Court bench said in their ruling that while the central bank had the power to take pre-emptive action, the court questioned the "proportionality" of such measures.

    Bitcoin, cryptocurrency and the future of cash

    08 Dec 2021

    No other topic has been ubiquitous across the globe — with the exception of coronavirus, of course, how can we forget to mention that— than cryptocurrencies. Strange that something called crypto meaning secret or concealed is the most widely discussed and analysed and dissected

    New Dhs50 polymer banknote is an official currency, says UAE top bank

    23 Dec 2021

    The new banknote has been distributed to banks and exchange houses, according the CBUAE statement. Polymer banknotes can contain many more security features than paper banknotes.

    New Dhs5, Dhs10, Dhs50 banknotes enter circulation, replenished to dedicated ATMs

    30 Apr 2022

    Emirates NBD, Abu Dhabi Commercial Bank (ADCB), First Abu Dhabi Bank (FAB) and Bank of Sharjah are amongst the national banks to programme their ATMs for the new denominations.

    Central Bank of the UAE issues new polymer notes of Dhs5 and Dhs10

    21 Apr 2022

    The Central Bank of the UAE (CBUAE) has launched two new banknotes, in five and ten dirham denominations, made of polymer and enhanced by advanced technical characteristics and security features.

    Turkish CB nearly doubles 2022 inflation forecast to 43 per cent

    28 Apr 2022

    Turkey’s annual inflation will peak at around 70 per cent by June before declining to near 43 per cent by year-end, the central bank forecast on Thursday,

    Economic consequences of the Ukraine war

    27 Apr 2022

    The World Bank has projected a contraction of the Ukrainian economy in 2022 to be 45 per cent and that of Russia to be 11.2 per cent. This is directly related to the war, triggered by Russia’s invasion of Ukraine, on February 24.

    80% of Lebanese live below poverty line

    08 May 2022

    Few Lebanese believe next Sunday’s parliamentary election will install enough reformers in the 128-member national assembly to effect change and save the country from the downward slide which began nearly four years ago and inspired

    African gang of fraudsters put behind bars in Dubai

    20 Jan 2022

    The Anti-Economic Crimes Department at the Dubai Police, within less than an hour, arrested an African gang on charges of defrauding with counterfeit $15 million.

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