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Brazil central bank to roll over currency swaps maturing in May SAO PAULO: Brazil's central bank said it would start rolling over currency swap contracts that mature on May 4 on Wednesday. The bank will offer 10,600 swaps for March 1, 2016, and October 3, 2016, according to a statement on Tuesday. The swap auction will occur between 11:30 a.m. and 11:40 a.m. Copyright Reuters, 2015 ...

EU banking supervisor calls for quick solution on Greece FRANKFURT: The head of Europe's banking supervisory authority, Daniele Nouy, called Tuesday for a rapid solution to Greece's debt problems in order to reduce the uncertainty for the banking sector.Nouy, who heads the Single Supervisory Mechanism (SSM), told a hearing before the European parliament that the Greek banks have "a much better solvency situation than in previous years."That was due to the recapitalisation and restructuring efforts on the part of the banks, she said during ...
Romania cuts interest rates to record low 2pc BUCHAREST: Romania's central bank shaved another quarter point off its benchmark interest rate to a record low of 2.00 percent on Tuesday, with weak inflation expanding its room to ease.The move had been expected. Polish, Hungarian and Serbian policymakers also cut their rates earlier this month due to low inflation and the European Central Bank's bond buying, which encourages investors to seek higher yields elsewhere in Europe.But the prospect of pending interest rate hikes in ...
Indonesia central bank revises rules on Jakarta interbank rate JAKARTA: Indonesia's central bank on Tuesday revised rules on how the Jakarta Interbank Offered Rate (JIBOR) is set in a bid to increase use of it as a benchmark.The government and Bank Indonesia (BI) have been trying to deepen the country's financial market as part of efforts to reduce volatility of the rupiah. The rupiah has been the second worst performing currency in emerging Asia this year, weakening about 5.4 percent against the dollar.Until now, ...
State Bank of Mauritius' 2014 profits rise slightly PORT LOUIS: State Bank of Mauritius reported on Monday a 4.4 percent rise in 2014 profit after tax of 3.16 billion rupees ($87 million) from a year earlier, citing a decline in demand for loans. The Indian Ocean island's second-largest bank by market share said it had changed its financial year end from 30 June to 31 December, and its results were not comparable to the previous financial year, which were for an 18-month period. ...
Mexico central bank sells $52mn in currency auction MEXICO CITY: The central bank of Mexico sold $52 million on Monday at an average price of 15.2456 pesos per dollar, the bank said, part of an auction program to boost foreign exchange liquidity following a recent slide in the peso currency. Monday's scheduled 10 a.m. (1600 GMT) auction was postponed by 45 minutes due to a technical problem.Copyright Reuters, 2015 ...
Egypt seeks to join China-based AIIB CAIRO: Egypt is interested in joining the Beijing-backed Asian Infrastructure Investment Bank, the foreign ministry spokesman said on Monday.Australia, Britain, France, Germany, Italy and Russia have all said they intend to join the bank, despite scepticism about the AIIB in Washington and Tokyo.China and 20 other countries signed a memorandum of understanding last October to establish the Beijing-headquartered $50 billion AIIB. "Egypt has applied to join the Asian Infrastructure Investment Bank," foreign ministry spokesman Badr ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln