Pakistan’s central bank reveals new designs for currency notes across all denominations
The redesigned currency notes are set to include updated security features to combat counterfeiting, a growing concern in Pakistan’s financial sector.
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The redesigned currency notes are set to include updated security features to combat counterfeiting, a growing concern in Pakistan’s financial sector.
This consistent decline is credited to a combination of stabilized food prices, a strengthening rupiah, and effective monetary policies by Bank Indonesia.
China's central bank governor, Pan Gongsheng, reaffirmed the institution's commitment to a supportive monetary policy. Speaking in a state media interview, Pan emphasized the need for counter-cyclical and cross-cyclical adjustments to stabilize economic expectations and boost market confidence amid global uncertainties.
During these meetings, Yang has stressed the importance of curbing excessive real estate lending and implementing tighter credit controls to prevent further market overheating.
The central bank's decision to maintain a high key interest rate of 50% for the fifth straight meeting underscores its commitment to controlling inflation, despite the recent sharp drop in inflation rates. Concerns about the oversupply of the lira, fueled by high interest rates and foreign investment, continue to pose challenges to Turkey's economic stability.
Qatar National Bank (QNB) predicts that the U.S. Federal Reserve will continue cutting interest rates due to declining inflation.
China's central bank announced on Monday that it will lower the collateral requirements for its Medium-Term Lending Facility (MLF) loans starting this month.
These measures, initially decreed by President Vladimir Putin in October, have proven effective in stabilizing the Russian currency. The current controls are set to expire in April, and the proposed extension aims to provide continued support to the rouble.
The new law reduces the maximum shareholding an individual investor can hold in a Vietnamese bank from 5% to 2%, while institutional investors, such as pension or investment funds, will be capped at 10%, down from the current 15%.
When questioned about the easing of Bank Indonesia, the governor exclaimed that it would depend on the inflation rate, economic growth, and how quickly the rupiah can strengthen. Governor Perry Warjiyo also said, “We will remain patient to monitor domestic and global conditions.”
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