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Tag: central bank
World Bank: Tunisia’s trade deficit continues to widen amid soaring inflation
The trade deficit in Tunisia widened by record 56% in the first semester of 2022, reaching 8.1% of GDP, while the budget deficit, exacerbated by ... Read More
Egyptian President appoints former central bank chief adviser
President Abdelfattah al-Sisi has named Tarek Amer as presidential adviser after the latter resigned from his job that he was supposed to hold for another ... Read More
D-8 meeting: Nigeria, Egypt and other developing nations seek to deal with currency, energy and food crises
More cooperation was needed among developing nations to overcome dwindling foreign currency reserves, a growing energy crisis and supply chain disruptions, according to business leaders ... Read More
Morocco prepares cryptocurrency law
The Central Bank is preparing a law governing the use of cryptocurrencies in Morocco, which is expected to be submitted to Parliament by year’s end, ... Read More
Morocco: Central Bank, Exchange Office warn of dangers of crypto-currency
Morocco’s central bank, Bank Al Maghrib (BAM), has again warned against the risks of crypto-currency, which remains illegal in the country. Despite previous warnings regarding ... Read More
Tunisia’s Central bank foils cyberattack
Tunisia’s central bank, BCT, Thursday said it overcame a cyberattack that hijacked its system and website on Wednesday. The attack according to the bank caused ... Read More
Greenback Initiative Morocco: Central Bank, World Bank pool efforts to improve access to financial services
Morocco's central bank, Bank Al-Maghrib, and the World Bank announced on Tuesday the launch of the City-Tour concept, an innovative training-action to improve access to ... Read More
Libyan Central Bank contradicts government 2021 expenditure figures
The Central Bank of Libya, CBL, published Thursday the government expenditures for 2021 standing at $24.5 billion (85.8 billion Libyan dinars), higher than what figures ... Read More
Morocco’s Central Bank upset at Fitch rating unprofessional move
The degradation of Morocco’s credit rating by Fitch on the eve of a Moroccan issuance of an international bond is unprofessional and unethical, said central ... Read More
Morocco’s Central Bank expects economy to shrink -5.2%, cuts rates to release liquidity
Morocco’s central bank cut the key interest rate from 2% to 1.5% to shore up the economy and reduced the reserve requirement for banks to ... Read More