India’s central bank has announced that it will enable non-bank payment system operators to offer central bank digital currency (CBDC) wallets. Noting that “necessary changes will be made to the system to facilitate this,” the Reserve Bank of India (RBI) said the initiative is expected “to enhance access and expand choices available to users.” Non-Bank […]
The Central Bank of Egypt (CBE) announced an increase in daily cash withdrawal limits, the country’s State Information Service reported on 15 April. Bank branches now allow withdrawals of up to EGP 250,000 (USD 5,170) for individuals and companies – up from EGP 150,000 (USD 3,102) in January 2024. The adjustment, the second of its kind, follows the previous lift from EGP 50,000 (USD 1,034) to EGP 150,000 (USD 3,102). The daily ATM withdrawal limit was also raised to EGP 30,000 (USD 620) from the...
The central bank under Taliban control has announced that it has not issued any licenses for online currency exchange activities to any individual or company, and their activities are illegal. In an announcement, the bank has urged the public and companies to refrain from dealing with online currency exchanges. According to the statement, the prohibition […]
Happy Thursday! Political parties are amping up their advertising spends on Google for the upcoming Lok Sabha polls. More on this in today’s ETtech Morning Dispatch.Also in the letter:■ Dehaat’s consumer brand bet■ Apple India jobs may treble■ Mukesh Bansal’s Cultfit has a new CEOBJP tops Google ad spends as parties collectively splurge Rs 117 crore since January 109205387Political parties are gearing up for the upcoming Lok Sabha polls as they pump in advertising dollars.Driving the news:...
SHAFAQNA AFGHANISTAN– The Taliban’s central bank has stated that online currency exchange activities are prohibited in Afghanistan, and the bank has not issued any licenses for online currency exchange to any individual or company. According to Shafaq Afghanistan’s News agency; The press office of the Taliban’s central bank said today
The Central Bank of Nigeria has barred the use of foreign exchange as collateral for local currency loans. In its April 8 letter addressed to banks, the CBN warned of severe consequences for banks that fail to comply with the latest directive. Halting the Slide of the Naira Hamstrung by ongoing shortages of U.S. dollars, […]
Elvira Nabiullina, head of the Russian central bank, has stated that the mass launch of the digital ruble will take five to seven years. This appears to contradict recent suggestions by the chairman of the State Duma Committee on the Financial Market that the launch will begin next year. No Decision Before 2025 Elvira Nabiullina, […]
King Charles was presented with the first editions of the new £5, £10, £20 and £50 banknotes featuring his portrait today at Buckingham Palace.
A date for the opening is yet to be confirmed but work is underway to get it ready
The banking landscape is undergoing a digital transformation, as traditional financial institutions (FIs) race to keep pace with evolving consumer preferences and technological advancements. Santander’s recent announcement of plans to launch its digital bank, Openbank, in the United States and Mexico in the second half of 2024 underscores the accelerating pace of this shift. Moreover, this move reflects […]
Could the power of the dollar be in decline? As BRICS countries openly toy with the idea of creating a common currency, is the global system ready to adopt a new international money? Physicists, who analysed the mathematical structure of trade, investigated.
THE Reserve Bank of Zimbabwe (RBZ) says the challenges encountered by formal business operators regarding the statutory 10 percent trading margin on To access this post, you must purchase a subscription. Please click the button below to visit our subscriptions page to select a package. Subscriptions