![Central Bank of Nigeria refutes cash scarcity rumors, affirms legality of old Naira notes By Investing.com Central Bank of Nigeria refutes cash scarcity rumors, affirms legality of old Naira notes By Investing.com](https://shmi.ir/wp-content/uploads/2023/11/1699488417_Central-Bank-of-Nigeria-refutes-cash-scarcity-rumors-affirms-legality-150x203.jpg)
[ad_1] © Reuters. Today, the Central Bank of Nigeria (CBN) addressed public concerns over the legitimacy of old Naira notes and rumors of cash scarcity. Isa AbdulMumin, Director of Corporate Communications at the CBN, confirmed that all CBN-issued banknotes are legal tender, including redesigned ones. The confirmation is rooted in Section 20(5) of the CBN
![RBI’s $5 Billion Swap Maturity Escalates Cash Dollar Demand By Investing.com RBI’s $5 Billion Swap Maturity Escalates Cash Dollar Demand By Investing.com](https://shmi.ir/wp-content/uploads/2023/10/1698186157_RBIs-5-Billion-Swap-Maturity-Escalates-Cash-Dollar-Demand-By-150x203.jpg)
[ad_1] © Reuters. The maturity of the Reserve Bank of India’s (RBI) $5 billion swap has led to an increased demand for cash dollars and a significant drop in the overnight swap rate. The swap, initiated in April 2022, was designed to provide dollar liquidity to banks, a measure now being phased out, obliging participating
![RBI’s $5 Billion Swap Maturity Escalates Cash Dollar Demand By Investing.com RBI’s $5 Billion Swap Maturity Escalates Cash Dollar Demand By Investing.com](https://shmi.ir/wp-content/uploads/2023/10/1698186158_RBIs-5-Billion-Swap-Maturity-Escalates-Cash-Dollar-Demand-By-150x203.jpg)
[ad_1] © Reuters. The maturity of the Reserve Bank of India’s (RBI) $5 billion swap has led to an increased demand for cash dollars and a significant drop in the overnight swap rate. The swap, initiated in April 2022, was designed to provide dollar liquidity to banks, a measure now being phased out, obliging participating
![Exclusive-Iraq to end all dollar cash withdrawals by Jan. 1 2024 Exclusive-Iraq to end all dollar cash withdrawals by Jan. 1 2024](https://shmi.ir/wp-content/uploads/2023/10/1696504908_Exclusive-Iraq-to-end-all-dollar-cash-withdrawals-by-Jan-1-150x203.jpg)
[ad_1] © Reuters. FILE PHOTO: A man counts U.S. dollars at a currency exchange shop in Baghdad, Iraq, January 23, 2023. REUTERS/Ahmed Saad/File Photo By Timour Azhari BAGHDAD (Reuters) – Iraq will ban cash withdrawals and transactions in U.S dollars as of Jan. 1 2024 in the latest push to curb the misuse of its
![New Zealand Dollar Spiked After the RBNZ Left its Cash Rate Alone at 5.50%. Higher NZD/USD? New Zealand Dollar Spiked After the RBNZ Left its Cash Rate Alone at 5.50%. Higher NZD/USD?](https://shmi.ir/wp-content/uploads/2023/08/New-Zealand-Dollar-Spiked-After-the-RBNZ-Left-its-Cash-150x203.jpg)
[ad_1] New Zealand Dollar, NZD/USD, RBNZ, Fed, China, NZX50 Index – Talking Points The New Zealand Dollar reversed losses seen in early trade on the RBNZ pause The Kiwi Dollar had sunk on gathering economic clouds gathering in China The inflation appears to be centre stage for the RBNZ. If they hike again, will NZD/USD
![More from the RBNZ: Estimate of nominal neural cash rate has increased 25bp More from the RBNZ: Estimate of nominal neural cash rate has increased 25bp](https://shmi.ir/wp-content/uploads/2023/08/More-from-the-RBNZ-Estimate-of-nominal-neural-cash-rate-150x203.jpeg)
[ad_1] Minutes from the Reserve Bank of New Zealand meeting: Committee noted inflation is still expected to decline within the target band by the second half of 2024 Committee agreed that the risks around the inflation projection remain balanced Committee noted that the estimate of the nominal neutral OCR has increased by 25 basis points