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Wednesday , November 21 2018

Tag Archives: central bank

Central Bank enjoying by watching Kuwait shylocks

MORE than one unequivocal Quranic verse prohibits usury. In simplest term, usury is when the rich exploits the need of the poor by lending him a certain amount on condition of repaying it with more than what he borrowed. There has been a huge protest by those who describe themselves …

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Kuwait’s current account records $7.1bn in 2017

CBK issues 3-months bonds KUWAIT CITY, May 8, (KUNA): Kuwait’s Current Account recorded a surplus of KD 2,152 million (about $7.1 billion), against a deficit of KD 1. 528 million ($5.04 billion in 2016, the CBK said in a press release Tuesday. The surplus in the current account is due …

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Central Bank cancels approval of some receipts from clients

Documents provided by clients do not match cash withdrawal process KUWAIT CITY, March 7: The Central Bank of Kuwait has cancelled the approval by some banks of a number of receipts that were presented to them by some of their clients, reports Al-Rai daily quoting banking sources. They explained that …

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Russian central bank slashes rates, says economic recovery ‘imminent’ – Further cuts possible if inflation keeps falling

MOSCOW, June 10, (RTRS): Russia’s central bank cut its main lending rate on Friday for the first time in almost a year, signalling confidence that inflation risks are declining and describing an economic recovery as “imminent”. The rate cut comes as Russia’s economy, plagued in the past few years by …

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Erdogan aide seeks further rate cuts – Central bank likely to remain under pressure to lower cost of borrowing

ANKARA, March 25, (RTRS): Turkey’s central bank should have cut interest rates more at this week’s policy meeting, an aide to President Tayyip Erdogan said on Friday, in a sign the central bank is likely to remain under pressure to lower the cost of borrowing. The bank kept its benchmark …

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