Gulf Times - currency
West African nations to reform and rename joint currency

West African nations to reform and rename joint currency

The French-backed West African CFA franc currency will be reformed and renamed the ‘eco,’ in what Ivory Coast President Alassane Ouattara called a ‘historic’ move on Saturday.

CI affirms long-term foreign currency rating of QIB at ‘A+’

CI affirms long-term foreign currency rating of QIB at ‘A+’

Capital Intelligence (CI), an international credit rating agency, has affirmed the long-term foreign currency rating (LT FCR) of Qatar Islamic Bank (QIB) at ‘A+’.

India's rupee, stocks down as central bank chief quits

India's rupee, stocks down as central bank chief quits

India's rupee plunged along with equities on Tuesday after the country's central bank chief quit following a dispute with the government that analysts say raises fears about its independence.

Turkish lira firms ahead of economic plan announcement

Turkish lira firms ahead of economic plan announcement

Finance Minister Berat Albayrak has promised "realistic macro targets" and "right action plans" in the three-year programme to 2021.

The Australian dollar's pain is very much the economy's gain

The Australian dollar's pain is very much the economy's gain

The Australian dollar is paying for the sins of others as investors short the commodity-exposed currency to 2-1/2-year low as a hedge against risks to global trade, China and emerging markets.

Yemenis protest against rising cost of living

Yemenis protest against rising cost of living

The economic downturn, along with a blockade on the rebel-held international airport and ports, has left Yemenis unable to afford food staples and bottled water.

Turkish lira tumbles another 5% as deputy bank chief quits

Turkish lira tumbles another 5% as deputy bank chief quits

The lira has lost nearly 45% of its value since the start of the year against the dollar as investors took fright over a bitter row with the United States.

Turkish lira rallies ahead of Albayrak presentation

Turkish lira rallies ahead of Albayrak presentation

The lira gained some support from the announcement late on Wednesday of a Qatari pledge to invest $15bn in Turkey.

Erdogan asks Turks to help prop up plunging lira

Erdogan asks Turks to help prop up plunging lira

The lira has lost 16% of its value against the greenback in a month as markets became jittery after Erdogan indicated he wanted a greater say in monetary policy.

Qatar reserves 'sufficient to maintain currency peg to dollar'

Qatar reserves 'sufficient to maintain currency peg to dollar'

The country’s economic diversification projects will "sustain robust growth" until 2030, before slowing thereafter, The Economist Intelligence Unit (EIU) has said in a recent report.

Thailand launches currency featuring new king's image

Thailand launches currency featuring new king's image

Thailand began circulating bank notes and coins featuring the image of new King Maha Vajiralongkorn on Friday, officials said.

Qatar market manipulation fears 'fuelled by abnormal moves'

Qatar market manipulation fears 'fuelled by abnormal moves'

QNB Chief Executive Ali Ahmed al-Kuwari said in an interview there had been unusual moves in Qatari credit default swaps late last year.