Keywords: Foreign exchange reserves
Angola has officially added the Chinese yuan to the list of foreign currencies that commercial banks can use to meet mandatory reserve requirements, marking a significant step in the country's efforts to diversify its financial system and strengthen monetary stability. The decision, announced by......
India has secured nearly $10 billion in foreign currency inflows through a special deposit programme launched by the Reserve Bank of India (RBI), as authorities seek to reinforce foreign exchange reserves and support the stability of the Indian rupee, according to sources familiar with the matter. The......
Tanzania has significantly expanded its official gold reserves, with the Bank of Tanzania purchasing approximately 28 metric tons of gold over the past 18 months as part of a broader strategy to reinforce foreign exchange reserves and support the national currency. According to central bank Governor......
The international credit insurance company Coface has reaffirmed its positive assessment of Morocco’s economic outlook, emphasizing the country’s ability to maintain stable financial and macroeconomic balances despite ongoing global uncertainty caused by geopolitical tensions and slowing......
Central banks around the world are expected to gradually reduce the share of the US dollar in their foreign exchange reserves over the next decade, marking a significant shift in global reserve management strategies, according to a recent survey conducted by financial think tank OMFIF. The study suggests......
China holds the top position among nations with the largest foreign exchange reserves, according to recent data from global financial rankings. The country boasts reserves exceeding $3 trillion, a figure that significantly outpaces its closest competitors and underscores its economic dominance on the......
Moroccan diaspora remittances reached a historic high of MAD 119 billion ($12.8 billion) in 2024, reflecting a 3.3% increase from the previous year, according to Morocco’s Foreign Exchange Office. These financial inflows continue to play a critical role in Morocco’s economic strategy, contributing......
In a decisive press conference on Tuesday, Bank Al-Maghrib Governor Abdellatif Jouahri delivered a sobering assessment of Morocco's readiness to transition to a flexible exchange rate regime. Despite notable macroeconomic progress, Jouahri emphasized that the nation's economic landscape, particularly......
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