Foreign Trade (ANTIBIOTIC) LC has to be opened within 180 days from the issuance of LCAF Shipment has to be made within the 180 days in terms of machinery and 09 months for the other products from the issuance of LCAF. Discrepancies are provided against Shipping Documents within 5 banking days as per UCPDC. The [...]

Policy Review   The final week of 2020 ended with no central banks changing their policy stance but the last communique of the year - from the Dominican Republic - captured what promises to be the major economic shifts in 2021: rising inflation from higher food and commodity prices and a strong rebound in economic [...]

BUDGETARY:   Meaning of Budgetary Control: Budgetary control is the process of determining various actual results with budgeted figures for the enterprise for the future period and standards set then comparing the budgeted figures with the actual performance for calculating variances, if any. First of all, budgets are prepared and then actual results are recorded. [...]

Bank al Etihad (formerly Union Bank)   Bank al Etihad (formerly Union Bank) is a Jordan-based financial and banking services institution and one of the fast growing banks in Jordan. The Bank employs the most qualified and well-trained staff who utilizes the most up-to-date technological resources to provide sophisticated Banking Services efficiently and effectively. Bank al Etihad [...]

Arab Jordan Investment Bank (AJIB)   Arab Jordan Investment Bank (AJIB) is one of Jordan's leading investment and commercial banks. The Bank offers a wide range of banking services including personal and housing loans, most types of credit cards, mergers and acquisitions, equity capital markets (IPOs and secondary offerings), transaction advisory services, project and trade finance. Total [...]

Union Bank Sri Lanka Union Bank Sri Lanka is one of the top five privately owned banks in the country providing banking and investment services for personal, retail and corporate sectors.   Headquarter Colombo, Sri Lanka Key People P. Jayendra Nayak (Chairman) Company Type Public Limited Company Head Office 64 Galle Road, Colombo 03, Sri Lanka Phone [...]

Hryvnia (UAH)

Turkish Lira (TRL)

Thai Baht (THB)

Mr. Amitabh Chaudhry Managing Director and Chief Executive Officer  Axis Bank, India   Mr. Amitabh Chaudhry is the Managing Director and Chief Executive Officer of Axis Bank. He joined the bank in January 2019, after successfully leading HDFC Life for nine years. Under his leadership, HDFC Life emerged as the finest brand in the insurance [...]

Mr. Selim R. F. Hussain Managing Director :    Mr. Selim R. F. Hussain joined BRAC Bank Limited as the Managing Director & CEO on November 8, 2015. Mr. Hussain is a career banker and an immediate past CEO & Managing Director of IDLC Finance Limited who is widely recognized and highly acclaimed across the [...]

Syed Waseque Md Ali  Managing Director :   Mr. Syed Waseque Md Ali was born in Dhaka, Bangladesh in 1962.  He started his banking career with IFIC Bank Ltd. in 1983. Mr. Ali, a dynamic leader and a seasoned banker, having more than 35 years of extensive and versatile banking experience with diversified, welfare and [...]

China

China

Japan

UK

UK

Switzerland

Canada

USA

USA

Tajikistan raises rate on inflation after RRR also raised   Tajikistan's central bank, one of the three central banks worldwide to have tightened monetary policy in the months prior to last year's outbreak of the COVID-19 pandemic, has raised its rate in response to rising inflation, the week after reserve requirements were raised. The National [...]

UPDATE-This week in monetary policy: Sri Lanka, China, Malaysia, Canada, Brazil, Japan, Indonesia, Norway, Turkey, Ukraine, Uzbekistan, ECB, South Africa, Paraguay and Pakistan: UPDATE: Following item updated with Pakistan after the State Bank of Pakistan on Jan. 19 announced its monetary policy committee would meet on Friday, Jan. 22 to decide on monetary policy. The [...]

Policy Review: Since the outbreak of the novel coronavirus, central banks from the South Pacific to the North Atlantic have slashed interest rates 103 times, injected trillions of dollars of liquidity into the financial system, launched a flurry of loan programs and bought bonds in a firefighting exercise to prevent a global recession from becoming [...]

Egypt

South Africa

South Africa

"Liberating the Entrepreneurship World" GAEFC is a well established and organized entrepreneurship conference for entrepreneurs who are ready to present their entrepreneurship services, skills and network to the global scene. The only entrepreneurship conference to provide finance strength to financially participating handicapped entrepreneurs, courtesy World Bank. The 3 days conference offers actionable advice, inspiration and [...]

 12 - 18 Dec 2020 Washington DC, USA The Spring Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund bring together central bankers, ministers of finance and development, parliamentarians, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic [...]

  Financial Events   Singapore FinTech Festival 09 – 13 Nov 2020       Date: 09 – 13 Nov 2020 Venue: Singapore Expo, Singapore   “The world’s largest platform for the global FinTech community” Singapore FinTech Festival is the largest Financial Technology event in the world, providing a platform for the FinTech community to connect, […]

Currency Regimes: WorldBanks.News has compiled the below table which summarizes countries' currencies, ISO codes, and currency regime.  Currency regime refers to the manner in which the currency is traded, a floating currency will trade in the market and have its exchange rate determined by the balance of supply and demand and underlying fundamentals.  Meanwhile a [...]

Norway holds rate: Norway's central bank kept its monetary policy rate steady and confirmed its view from December that "the sharp economic downturn and considerable uncertainty surrounding the outlook suggest keeping the policy rate on hold until there are clear signs that economic conditions are normalizing." Norges Bank (NB), which slashed its policy rate three [...]

BOJ offers:   The Bank of Japan raised its economic assessment for three of the country’s nine regions and maintained its optimism on the remaining areas in a quarterly report, underscoring brighter prospects for the world’s third-largest economy.   The upgrade reflected a pick-up in private consumption and demand from emerging Asian economies, suggesting that [...]

Foreign Trade (ANTIBIOTIC) LC has to be opened within 180 days from the issuance of LCAF Shipment has to be made within the 180 days in terms of machinery and 09 months for the other products from the issuance of LCAF. Discrepancies are provided against Shipping Documents within 5 banking days as per UCPDC. The [...]

Policy Review   The final week of 2020 ended with no central banks changing their policy stance but the last communique of the year - from the Dominican Republic - captured what promises to be the major economic shifts in 2021: rising inflation from higher food and commodity prices and a strong rebound in economic [...]

Tajikistan raises rate on inflation after RRR also raised   Tajikistan's central bank, one of the three central banks worldwide to have tightened monetary policy in the months prior to last year's outbreak of the COVID-19 pandemic, has raised its rate in response to rising inflation, the week after reserve requirements were raised. The National [...]