Maldives has enacted legislature compelling tourist establishments to exchange a portion of USD revenue at local banks. The foreign currency bill was ratified by President Dr. Mohamed Muizzu on Saturday – two days after it was passed by the Parliament. The new legislature is set to take effect next year. The foreign exchange regulation introduced on October […]
Read MoreGold reserves on Kazakhstan’s state balance have increased by 522 tons in 2024, said Chairman of the Committee of Geology of Kazakh Ministry of Industry and Construction Erlan Akbarov during the press conference at Central Communications Service on Dec. 12. The increases span a wide range of other minerals and energy resources, including silver resources, […]
Read MoreBhutan transferred 502 Bitcoin (BTC), worth around USD 49.42 million, to two cryptocurrency exchange platforms, Binance and Singaporean-based crypto-asset trading firm, QCP Capital, on December 10. This marks the latest Bitcoin transfer by the government since October this year. Such deposits of cryptocurrency exchanges are often associated with intentions to sell. As of yesterday, one […]
Read MoreThe World Bank’s Board of Executive Directors on Thursday approved a $100 million development policy operation (DPO) to help Nepal enhance its ongoing efforts to implement green, resilient, and inclusive development. The World Bank said in a statement that this is the second in a programmatic series of three DPOs designed to strengthen the enabling […]
Read MoreSyria’s economic situation has been deteriorating steadily as a result of the civil war that has lasted for almost 14 years. In such a situation, they need the help and cooperation of the whole world to turn around financially. In 2011, the Syrian economy was worth $67.5 billion. That same year, violent protests against Bashar […]
Read MoreFrom January to October, the volume of money remittances to Uzbekistan topped $12.6 billion, which is 34% higher than the same period last year, the Central Bank’s said in a review. According to the Central Bank, Russia account for 78% of all receipts, or $9.8 billion, which is 35% more than in the same period […]
Read MorePakistan Finance Minister Muhammad Aurangzeb has said that the economic challenges have been effectively addressed, and the country is on the right path to achieving stability. Virtually addressing the inaugural session of the Second International Islamic Capital Markets Conference & Expo on Thursday, the finance minister said Pakistan had faced significant economic challenges, which were […]
Read MoreParliament, on Thursday, has passed the foreign currency bill that provides the discretion to tourist establishments to exchange 20 percent of the monthly revenue if finances are low. The foreign currency bill gives tourist establishments choice between exchanging USD 500 per tourist as currently required or exchanging 20 percent of the monthly revenue. The government-backed […]
Read MoreBusinesses along the Gyelpozhing-Nganglam highway are struggling to survive as traffic has significantly decreased following the collapse of a bailey bridge over Drangmechhu at the Kuri-Gongri confluence in Mongar twice last year. A new bridge was constructed and opened to traffic on March 27 this year. However, many people remain wary of using the bridge […]
Read MoreThe Indian rupee weakened to its all-time low on Tuesday as traders reacted to the appointment of career bureaucrat Sanjay Malhotra as the next Reserve Bank of India (RBI) governor by ramping up bets on rate cuts by the central bank next year. The rupee hit a low of 84.8575 against the US dollar before […]
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