First Independent Mena Newspaper
The Central bank of Egypt (CBE) and that of the United Arab Emirates (CBUAE) signed Thursday September 28 a Bilateral Currency Swap Agreement between the UAE Dirham (AED) and the Egyptian Pound (EGP). CBE Governor Hassan Abdullah and his UAE counterpart Khaled Mohamed Balama penned the deal that allows the exchange of local currencies between […]
The International Monetary Fund (IMF) has slammed African central banks for their misguided currency regulation, especially with regard to the ineffective disposal of their foreign exchange reserves. In particular, the IMF has scrutinized the African central banks’ rigid exchange rate regulations, criticizing them for disposing of their foreign exchange reserves in an ineffective attempt to […]
Nearly 30 senior executives representing twenty Central Banks from Africa and the Middle East attended a cybersecurity workshop organized Nov.28-29 in Rabat by Morocco’s Bank Al-Maghrib and the Bank of England (BoE). The meeting was opportunity for the banking experts to exchange experiences and views on cybersecurity. The debates focused on topics related to cybersecurity […]
The governors of the central banks of Tunisia and Libya held Sunday talks in capital Tunis to improve cooperation between the two institutions. Marouen Abassi of the Central Bank of Tunisia (BCT) hosted his Libyan counterpart Seddik Omar Kébir. A statement from Libya’s CBL indicated the two governor discussed issues of mutual concern in “the […]
The Central Bank of Libya (CBL) and its Tunisian counterpart BCT have inked a Memorandum of Understanding (MoU) for cooperation in many areas including fintech, Libya Herald reports. The MoU, according to the CBL, provides for the transfer of experience of Tunisia’s Central Bank in the field of developing financial transactions (Fintech), and the […]
Morocco’s central bank (Bank Al-Maghrib) and Bank of Russia (Central Bank of the Russian Federation) have signed a memorandum of understanding (MoU) aimed at improving and strengthening cooperation between the two Institutions. The agreement covers the exchange of information and expertise in several areas, including developing and implementing monetary policy. It also covers macroprudential policy, […]