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Tag: central bank
Morocco’s central bank increases three-fold banks refinancing capacity
The Central bank said it will intervene to ensure there is enough cash for banks through increasing three-fold their refinancing capacity in dirham and hard ... Read More
Central Bank cuts interest rate to boost economic activity amid drought, coronavirus fears
The Central Bank cut its benchmark interest rate to 2% to boost economic activity, which, like elsewhere in the world, is expected to reel under ... Read More
Bank of Algeria has a new Governor
Benabderrahmane Aymane was appointed Governor of the Bank of Algeria, in replacement of Ammar Haiwani who was acting Central Bank Governor since April 2019. The ... Read More
Central Africa’s exports shrink in Q1 2019—Central Bank
The Bank of Central African States, also known as Banque des Etats de I’Afrique Centrale (BEAC), this week said the prices of 28 commodities exported ... Read More
Algeria’s Economic Growth Declines to 2.2% in 2017
Algeria’s economic growth dropped to 2.2% in 2017, down from 3.3% in 2016, due to a decline in the performance of the energy sector, the ... Read More
Fears of Uncontrollable Inflation Haunt Tunisia as Trade Deficit Deepens
Tunisia’s economic indicators are “frightening” as the country is unable to defend its currency “even if it wanted to,” and must instead focus on narrowing ... Read More
Algeria Resorts to Time-buying Measures to Stave off Bankruptcy
As it heads straight to insolvency, Algeria insists on shunning foreign debt as it resorts to unconventional measures involving the Central Bank money printing to ... Read More
Morocco’s Central Bank Maintains Key Rate at 2.25 % & Expects 4.3 % Growth in 2017
Morocco's Central Bank, Bank Al-Maghrib, decided Tuesday to maintain its key interest rate unchanged at 2.25 % during the third quarterly meeting of its Board ... Read More
Tunisia: Central Bank Predicts 2 per cent Growth for 2016
Tunisia’s economy will witness little growth this year (2 per cent) and next year (3.5 per cent) with tourism and agriculture sectors still in difficult ... Read More
Egypt: Import Duties on Luxury Goods Increased to Promote Local Products
A new presidential decree coming into effect this February 1 will increase import duties on luxury goods from 10% to 40% as the government tries ... Read More