Central Bank of Egypt: Net International Reserves Reaches 35,101.8 Billion USD in October 2023

Central Bank of Egypt: Net International Reserves Reaches 35,101.8 Billion USD in October 2023

The Central Bank of Egypt announced today that net international reserves will reach 35,101.8 billion US dollars at the end of October 2023. The Monetary Policy Committee of the Central Bank of Egypt decided in its meeting last Thursday, corresponding to November 2, 2023, to maintain the overnight deposit and lending interest rates and the … Read more

China’s Money Markets Experience Liquidity Crisis Due to Government Debt Sales

China’s Money Markets Experience Liquidity Crisis Due to Government Debt Sales

Bloomberg — A brief liquidity crisis shook China’s money markets earlier this week, illustrating how the country’s tightly managed financial system is under strain from a deluge of government debt sales. On Tuesday, interest rates on overnight interbank loans shot up to 50% in isolated transactions for non-bank institutions, worsening a usually mild end-of-month funding … Read more

Top 5 Cars to Avoid Buying on the Used Car Market

Top 5 Cars to Avoid Buying on the Used Car Market

When purchasing a used car, the future owner hopes that the car will not cause much trouble, writes “Behind the wheel” However, there are a number of cars that are not reliable. The WhatCar publication, together with the insurance company MotorEasy, conducted a study and found out which cars on the secondary market are definitely … Read more

SE Capitalia Receives Operating Permit for Crowdfunding Services in Latvia and Across EU Borders

SE Capitalia Receives Operating Permit for Crowdfunding Services in Latvia and Across EU Borders

Published: 02.11.2023. On November 1, the Supervisory Committee of the Bank of Latvia decided to issue SE “Capitalia” with an operating permit as a provider of collective financing services in accordance with Regulation no. 2020/1503. SE “Capitalia” is registered in the register of crowdfunding service providers with the right to facilitate the granting of loans. … Read more

The US Federal Reserve Expected to Keep Key Interest Rates Unchanged for Second Time in a Row

The US Federal Reserve Expected to Keep Key Interest Rates Unchanged for Second Time in a Row

WASHINGTON (dpa-AFX) – The US Federal Reserve will announce its decision on the further course of monetary policy on Wednesday (7 p.m. CET). Analysts expect the central bank of the world’s largest economy to leave key interest rates unchanged for the second time in a row. This would keep it in a range of 5.25 … Read more

Critical Financial Services Management Rules: Ensuring Access to Financial Services in Latvia

Critical Financial Services Management Rules: Ensuring Access to Financial Services in Latvia

Published: 31.10.2023. The Board of the Bank of Latvia, continuing to strengthen the stability of the Latvian financial system, has adopted “Critical Financial Services Management Rules”, which will enter into force on November 1, 2023, with a longer transition period for certain measures. After the integration of the Financial and Capital Market Commission, the role … Read more

Bank of Latvia Approves Additions to AS APF Holdings Prospectus for Public Offering of Shares

Bank of Latvia Approves Additions to AS APF Holdings Prospectus for Public Offering of Shares

Published: 30.10.2023. On October 30, the supervisory committee of the Bank of Latvia approved the additions to the prospectus of the public offering of JSC “APF Holdings” shares. AS “APF Holdings” has supplemented and amended the information included in the prospectus, as well as extended the offer period until November 3, 2023. From the approval … Read more

New Regulations for Credit Card Usage Abroad: Facilitating Limits and Avoiding Negative Lists

New Regulations for Credit Card Usage Abroad: Facilitating Limits and Avoiding Negative Lists

Ahmed Yaqoub wrote Thursday, October 26, 2023 10:41 AM In addition to the regulatory instructions previously issued on 10/17/2023 regarding the misuse of credit cards by some speculators by making cash withdrawals from abroad without actually traveling, which included some measures to facilitate the use of credit cards abroad for citizens who have actual needs … Read more

Tips for Purchasing and Outfitting a Car: Essentials and Recommendations

Tips for Purchasing and Outfitting a Car: Essentials and Recommendations

When purchasing a car, it is advisable to set aside at least 0.5% of its cost to purchase goods for it, advised Maxim Sokolov, an expert at the online hypermarket VseInstrumenty.ru, in a conversation with RT. Also, according to him, in the car, in addition to a set of documents, you must have a first … Read more

Baht Appreciates Slightly as Dollar Weakens: Impact of Israel-Hamas Conflict and US Bond Yields on World Currency Markets

A money manager from the Bank of Ayudhya revealed that the baht opened the market this morning at 36.45 baht/dollar, slightly appreciating from yesterday evening when the market closed at 36.47 baht/dollar. This morning, the baht strengthened slightly from yesterday’s market close. Because last night the US dollar fell after the Chairman of the US … Read more