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Money & Banking

Money & Banking

BOK, PHA sign MoU

PESHAWAR: The Bank of Khyber (BOK) MD Ihsan Ullah Ihsan and Provincial Housing Authority (PHA) KP DG Nadir Khan Rana...
Published 13 Jun, 2021 03:56am
French and Swiss central banks to trial wholesale digital currencies
Money & Banking

French and Swiss central banks to trial wholesale digital currencies

  • The experiment will focus on the bank-to-bank 'wholesale' lending market rather than everyday public transactions but will be the first time a digital euro and Swiss franc have been fully tested.
  • The eurozone is adapting to a "strong trend" towards the digitalisation of payments," said Bank of France Deputy Governor Sylvie Goulard.
Published 10 Jun, 2021 05:58pm
Turkey's C/A deficit seen at $2.2bn in April
Money & Banking

Turkey's C/A deficit seen at $2.2bn in April

  • Turkey's import-reliant economy, worth $717 billion in 2020, has been prone to big trade deficits and a boom-bust growth cycle that was exacerbated by last year's pandemic.
  • The median estimate for the full-year deficit was $25 billion, in a range of $23 billion to $29.09 billion.
Published 09 Jun, 2021 07:02pm
Sterling eases
Money & Banking

Sterling eases

LONDON: Sterling eased against a broadly stronger dollar on Tuesday, with no significant data releases on the...
Published 09 Jun, 2021 03:29am