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Euro edges up, still shaky on ECB and Greece LONDON: The euro bounced back from two-year lows against a slightly weaker dollar on Monday, with Greece's presidential election and a batch of U.S. data on Tuesday the chief risks to a calmer holiday mood.Norway's crown, whose moves have been exaggerated in the past month by its sensitivity to shifts in oil prices, was the biggest faller, down around 1 percent as Brent and U.S. crude gave back overnight gains.The outlook into 2015 for the euro looks weak, with Luc Coene the latest European Central Bank policymaker to point the way towards outright buying of government bonds to stimulate a still moribund euro zone economy.Crossing that Rubicon -- effectively funding government deficits with newly-printed money -- is expected to test the bottom end of a range in which the euro has held for more than a decade against the dollar."It's going to be interesting this week whether we can push ...

Rouble opens higher against dollar, euro on oil, govt support MOSCOW : The Russian rouble opened broadly firmer on Monday, supported by higher oil prices and a pause in the panic-selling on the domestic currency market after officials rushed to issue strong verbal support and announce measures to ease the situation. At 0725 GMT, the rouble was up 3.6 percent against the dollar at 56.33 and 4.5 percent firmer at 69.06 versus the euro. Oil, Russia's chief export, was up, with Brent futures trading above ...
Rouble opens higher against dollar, euro on oil, govt support MOSCOW: The Russian rouble opened broadly firmer on Monday, supported by higher oil prices and a pause in the panic-selling on the domestic currency market after officials rushed to issue strong verbal support and announce measures to ease the situation.At 0725 GMT, the rouble was up 3.6 percent against the dollar at 56.33 and 4.5 percent firmer at 69.06 versus the euro.Oil, Russia's chief export, was up, with Brent futures trading above $62 per barrel."The ...
Most Asian currencies firm on calmer nerves; ringgit slips SINGAPORE: Most emerging Asian currencies were steady to slightly higher on Friday, supported by improving risk appetites, with the Indonesian rupiah continuing to stabilise after its selloff early this week.Market sentiment toward emerging market (EM) currencies soured early in the week after sliding oil prices triggered volatility across asset classes and as a plunge in the Russian rouble spooked investors.Asian currencies have regained some footing in the past couple of days after an upbeat economic ...
Rouble firms as govt steps up verbal support MOSCOW: Russia's rouble strengthened on Friday after Finance Minister Anton Siluanov confirmed his ministry had sold foreign currency and on expectations that exporters will step up dollar sales. At 0815 GMT, the rouble was around 2.7 percent stronger against the dollar at 59.85 and gained 2.7 percent to trade at 73.65 versus the euro. The rouble's recovery is in contrast to intense selling pressure earlier this week, when the rouble at one stage had fallen ...
Polish zloty hits 15-month low as Russia worries keep up pressure WARSAW/PRAGUE: The Polish zloty fell to a 15-month low on Friday with rumblings in Russian financial markets and rising chances of more rate cuts weighing on central Europe's most liquid currency.Currencies have come under pressure this week after a sharp slide in Russia's rouble raised spillover concerns in the EU's emerging east. Stock markets also hit multi-month lows.While the region got some relief on Thursday from some rouble stabilisation and the US Federal Reserve signalling ...
Sterling touches one-month high to euro, Christmas risks eyed LONDON: Sterling reached its strongest in a month against the euro on Friday, with Russia and Greece posing the main potential risks to a market thinning out before the Christmas holidays. The pound got a shot in the arm from retail sales numbers on Thursday that showed British consumers spent with gusto in November. Sales rose 1.6 percent on the month compared with a forecast 0.3 percent. If that continues into Christmas, it will suggest ...

 



 
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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%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln