Turkish central bank ‘ready to act’ against risks in rate-cutting cycle, governor says

Turkey’s central bank stands “ready to act” against risks in the current rate-cutting cycle, Turkish Central Bank Governor Fatih Karahan told a conference for emerging market economies in Saudi Arabia on Sunday. The bank has been gradually cutting rates since December, Karahan said, reducing the policy rate (TRINT=ECI), opens new tab by 250 basis points […]

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China’s central bank governor says stable yuan key to global financial stability

China’s central bank governor said on Sunday a stable yuan currency has been key to global financial and economic stability and Beijing will continue to let the market play a decisive role in deciding the exchange rate. People’s Bank of China Governor Pan Gongsheng told a conference in Saudi Arabia that while most currencies have […]

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Exports of Afghanistan’s Dried Fruit Decline: Ministry

The Ministry of Industry and Commerce said that the country’s dried fruit exports decreased in the first ten months of this solar year compared to the same period last year. According to the ministry’s statistics, over 350 million dollars’ worth of dried fruit has been exported in the first ten months of this solar year, […]

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Inflation set to climb this year, expected to peak in mid-2026: CBSL

Sri Lanka’s inflation is expected to increase “sizeably” in the third quarter this year (3Q25), with the possibility of it hovering around 2 percentage points above the inflation target in mid-2026, the Central Bank of Sri Lanka (CBSL) said in its monetary policy report that was released yesterday. “Nonetheless, headline inflation is forecast to converge […]

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Five Iraqi banks to be banned from US dollar transactions

Iraq’s central bank will ban five more local banks from engaging in U.S. dollar transactions, a move that comes after meetings with U.S. Treasury officials in efforts to combat money laundering, dollar smuggling and other violations, two sources with direct knowledge of the matter told Reuters on Sunday. The move comes after meetings in Dubai […]

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RMGs secure strong orders, defying odds over last six months

Bangladesh’s readymade garment (RMG) industry remains resilient, securing steady export orders over the last six months through January. Most buyers are ramping up purchases amid strong retail demand in key markets such as the US and EU. The shift of orders from China, driven by the US government’s plan to impose tariffs on Chinese goods, […]

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Herat’s pistachio exports to Afghanistan reach nearly $25 million this year

The Herat Chamber of Commerce and Investment says that in the current solar year, nearly $25 million worth of pistachios have been exported abroad. According to officials at the chamber, pistachio exports from Herat this year have increased by 21% compared to last year. Besides pistachios, other types of dried fruits have also been exported […]

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State revenue continues to decline; import duty alone has decreased by 64%

State revenue declined by close to 19 percent in the first five weeks of the year compared to the same period last year, according to the latest weekly fiscal updates released by the Finance Ministry. The latest updates show the state earned 3.36 billion in revenue and grants as of February 6, compared to the […]

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Businesses in Phuentsholing struggle to rebound

Phuentsholing—Despite an uptick in the number of Indian tourists visiting Phuentsholing, local businesses in the country’s commercial hub are struggling to bounce back from the pandemic’s impact. In a clear sign that Phuentsholing’s economy is still struggling to recover, hotels and other businesses report low customer footfall even during traditionally busy seasons. This is despite […]

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Sri Lanka’s new president presents first budget with focus on crisis recovery

Sri Lanka’s new President Anura Kumara Dissanayake will outline the government’s revenue and policy goals in his first full-year budget on Monday, seeking to extend the country’s recovery from a financial crisis and signal its alignment with a $2.9 billion IMF bailout program. A severe drain in dollar reserves plunged the island nation into turmoil […]

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