A BILL seeking to allow authorities to look into foreign currency deposits suspected to be involved in illegal activities was filed in the House of Representatives last month. House Bill No. 6902 ...

The Bank of Korea (BOK) will temporarily ease foreign currency-related regulations and offer incentives to financial institutions in a bid to stabilize the foreign exchange market, as the won ...

The worsening KRW-USD exchange rate has prompted the easing of regulations on foreign currency soundness to stabilize supply and demand for foreign currency. The Ministry of Economy and Finance, ...

Government has injected a staggering US$1.2 billion in foreign currency into the market this year to cushion demand compared to US$332 million last year and in response, President Irfaan Ali yesterday ...

President Ali recently rolled out the government’s nine-point plan to address the chronic foreign exchange situation. It has merits. The government, however, is still bending backwards to avoid ...

The National Bank of Rwanda (NBR) has issued a new directive governing persons authorised to transact in foreign currencies and the requirements for obtaining authorisation. This New FX Directive ...