Saudi Business News’ Post

  In the end of July, the Ethiopian central bank moved towards a floating exchange rate, which unlocked urgently needed International Monetary Fund and The World Bank support. In the very short term this reform should alleviate foreign exchange shortages and improve liquidity, while in the longer term it should enable progress on the restructuring of the external debt.   Read more details here: https://bit.ly/4dxMahv #IMF #Ethiopia #PoliticalRisk #EconomicRisk #CreditInsurance #Export

#ForexMarket Dashen Bank's gutsy strategy reflects its willingness to go against the grain to optimise foreign currency inflows, potentially triggered by client demand pressures. State-owned Commercial Bank of Ethiopia (CBE) takes a different stance, opting for lower buying rates to ensure stable foreign exchange flows and align with the Central Bank's goals. Read more https://ow.ly/2Coh50UhQhy

New research publication: It is imperative to share that our latest paper investigating the non-linearities of exchange rate pass-through in Somalia has been published. The study details the consequences of the unregulated exchange rates, the excessive supply of counterfeit currency, and the process that led to dollarization. It provides empirical insights to the country's monetary authorities – the Central Bank of Somalia - to reclaim their authority in monitoring and controlling the foreign exchange market. Read: https://rb.gy/xnao4c

Egypt’s net inflows of foreign direct investments (FDIs) continue their upward trajectory, with the central bank reporting a 200%+ year-on-year surge in the first 9 months of FY2023/2024 compared to the same period in FY2022/2023 Despite dealing with an almost 2-year foreign currency shortage and regional geopolitical tensions impacting tourism, Egypt’s FDIs soared on the back of agreements such as the Ras EL Hekma deal and with international partners such as the IMF and EU

As we gear up for the Nigeria Central Bank's Monetary Policy Committee meeting next week, it's worth taking a look at lessons learned from other apex banks. Additionally, there are interesting insights to be gained from examining the potential for economist Javier Milei to fix Argentina's economic woes. #businessnews, #NigeriaEconomy, #globalbusinessinsights, and #businessinsights. #CBN #CBNMPC #DOJAPPLE #BOE #USFED #BankofJapan #FederalReserveDecides #FOMCdecides #milei #Argentinaeconomy

Thai bonds look attractive for a few reasons. Firstly, they have recently weathered the worst drawdown since 2008. Secondly, the central bank is likely to start reducing its policies soon after reaching their highest level since 2013 in September 2023. Lastly, the loosening policy regime is associated with the least drawdown, further enhancing the attractiveness of Thai bonds.

#IMF #UPDATE The IMF Executive Board is scheduled to take up #SriLanka's 2024 Article IV Consultation and the Second Review on 12 June (that's next week)! #imf #eff #SriLanka #cbsl #SecondReview #update #ArticleIV International Monetary Fund Central Bank of Sri Lanka

"Nigeria's Central Bank #CBN Governor, Yemi Cardoso's recent remarks at the ongoing annual IMF/World bank spring meeting shed light on the shifting dynamics of Nigeria's foreign exchange reserves and policy philosophy to safeguard the Naira's value. Stay informed on key economic developments. #NairaDefense #FXReserves #Policy #EconomicGrowthStrategy"

Saudi Arabia’s central bank reserves continue to grow, reflecting robust financial health and strategic management. Read more about the latest economic data and SAMA’s role. 💼📈 #SaudiArabia #Economy #Finance — https://lnkd.in/efyh7U9x

🎯 What caught my attention in EMs today 📚 more info and links in the attached PDF 📚 #SouthKorea: Ruling PPP takes lead over opposition DP in latest Realmeter poll - EmergingMarketWatch   #Egypt: Abu Dhabi FDI deal a big band aid at best, an Arabtec-type deal at worst – Tellimer’s Hasnain Malik   Breaking down success: How emerging market central banks have outperformed the Fed and ECB in the post-Covid inflation surge – paper by Tatiana Evdokimova Piroska Nagy Mohacsi Olga Ponomarenko and Elina Ribakova   #China and WTO reform: what to expect? - Alicia Garcia-Herrero 艾西亞 blog   Yield Hunt Is Back as Bond Spree Lures Risk Takers to #Africa – Bloomberg’s EM Week Ahead #emergingmarkets