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New data reveal forex supply shortage at official window as exchange rates plunged in 2023
25 Apr 2024 06:03 GMT
… December, respectively.
The exchange rate in both the … exchange rate.
This system, which the central bank designates as a managed float … , allows market forces to dictate the exchange … volatility in the foreign exchange market.
Governor Cardoso …
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Fixed or flexible exchange rate: where should we go from here?
18 Apr 2024 15:53 GMT
… parallel market exchange rate. Since the fixed exchange rate regime … buy dollars at cheap exchange rates, they would … or remain in a managed floating exchange rate regime? Well, … viewpoint, that flexible exchange rates dominate fixed exchange rates.
-Majok …
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Managed float: RBI has a better handle now on rupee management
08 Apr 2024 03:08 GMT
After declaring a crackdown on rupee derivatives traded on exchanges without underlying exposure to foreign-exchange risk, the Reserve Bank of India (RBI) extended its deadline for compliance. Circulated in January and slated to take effect from 5 April, …
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MNI: China Yuan Seen Breaching 7.3, Strengthening Against Basket
26 Apr 2024 05:22 GMT
… daily limit in China’s managed float regime, according to MNI … ratio, hiking the foreign exchange risk reserve ratio for forward … the State Administration of Foreign Exchange, Zhu Hexin, told … cyclical behaviour in the foreign exchange market.
But the advisor …
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Naira devaluation: Experts advocate shift towards managed float system
23 Feb 2024 10:41 GMT
The recent decline in the Naira’s value across official and parallel markets has prompted suggestions from financial experts to mitigate currency volatility and prevent further depreciation.
The naira recovered slightly on Wednesday as the local currency …
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The impact of politics on the foreign exchange market
19 Mar 2024 17:27 GMT
… influenced by government interventions, including exchange rate management and capital controls … of an exchange rate regime, such as fixed, floating, or managed-floating, is … mechanisms such as government interventions, exchange rate regimes, and political …
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CBM unveils plan to facilitate foreign currency trading in foreign exchange market as needed
07 Mar 2024 07:56 GMT
… affect the foreign currency exchange rate, export and import … amount of funds. Foreign exchange rates are determined by … The CBM is selling the Managed Floating Exchange Rate Regime, a market- … intervene in the foreign exchange market with foreign currencies …
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BB plans to introduce managed floating exchange rate mechanism
11 Jan 2024 19:18 GMT
… is going to introduce a managed floating exchange rate mechanism, backtracking from … Bangladesh Bank maintained a controlled exchange rate mechanism allowing currency … multiple challenges including high inflation, exchange rate pressure, substantial erosion …
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Demand pressures: Official exchange rate settles at N1571.31/$1 as intra-day hits N1851/$1
22 Feb 2024 21:36 GMT
… and stability in the foreign exchange market while addressing malpractices. … exchange management strategy.
They advocate for shifting towards a managed float … system to allow flexibility in implementing initiatives to bolster foreign exchange …
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The IMF should revise its opinion on the Indian rupee’s managed float
21 Dec 2023 03:40 GMT
India and other developing countries have long argued for reforms of multilateral institutions like the International Monetary Fund (IMF) and World Bank to make them more representative of the emerging world order and less like handmaidens of advanced …