The Bank of Israel building is seen in Jerusalem June 16, 2020. Photo: REUTERS/Ronen Zvulun. The Bank of Israel said on Sunday it bought $6.832 billion of foreign currency in January, helping to weaken the shekel from a 24-year peak and taking forex reserves to a new record high of $179.5 billion. Last month, the […]
Posts Tagged ‘forex’
Bank of Israel Buys $6.8 Billion of Forex in January, Reserves Jump to New Record
Bank of Israel to buy $30 billion in forex in 2021 to curb shekel rise
The Monetary Committee at the Bank of Israel said on Thursday that it plans to buy $30 billion in the foreign exchange market over 2021 in a bid to stem the appreciation of the shekel. “The advance announcement of the scope of the purchases is intended to provide the market with certainty regarding the Bank’s […]
CBI vows to address forex policy flaws
Financial Tribune- The governor of the Central Bank of Iran acknowledged shortcomings in the government’s new foreign exchange policy, promising that they would be addressed. Valiollah Seif, in his first TV appearance since the US dollar’s exchange rate unification on April 10, also said the newly-launched Integrated Foreign Currency System (locally known as Nima) is […]
Unification of forex rates pre-emptive response to US plot: Iran
IFP- Iranian President Hassan Rouhani has defended his government’s plan to unify official and free market exchange rates for the Iranian currency rial against the US dollar, saying it foiled a plot hatched by Washington to foment economic instability in Iran. Speaking in a meeting with senior government executives on Saturday, Rouhani said the recent […]
Iran forex exchange underway in euro: Minister
IRNA – Iran’s banking relations with the European countries are underway in euro with no problem, Iran’s Minister of Finance and Economic Affairs Ali Tayyebnia said on Monday. As for Iran’s forex exchange in dollar, the minister said there are restrictions to this end but the existing problems are not related to the nuclear sanctions […]
Venezuela’s New Forex System Launches
Ryan Mallett-Outtrim (VA) : Venezuela was set Thursday to hold its first currency auction under its newly reformed foreign exchange system, which the government […]
Syria’s Al-Assad and Family Visit Injured Troops in Homs
nsnbc : Syria’s President Dr. Bashar al-Assad, accompanied by his wife Asma al-Assad and their children, paid a visit to injured army personnel in villages in the countryside of Homs. Photo courtesy of SANA The office of the Syrian Presidency reported that President al-Assad and his family visited Manhal al-Dayyoub, one of the injured army […]
Turkish Airlines, Implicated in Arms Trafficking to Nigeria, Asks for Security Checks in Egypt
nsnbc : Turkish Airlines noted that it would have to deploy a security team to inspect Sharm Al-Sheikh Airport in Egypt before resuming flights to the holiday resort in April. Ironically, a Turkish Airline official was caught red-handed in a clandestinely recorded phone call, that revealed the Airline’s and Turkish intelligence circles involvement in arms […]
IPC secures Iran’s sovereignty over oil, gas resources: APCE CEO
TEHRAN, Feb. 28 (Shana) – Chairman of the Board of Directors of the Association of Petroleum Industry Engineering and Construction Companies (APEC) said the Iran Petroleum Contract (IPC) new models stress ownership of the National Iranian Oil Company over the country’s oil and gas resources. Behzad Hazrati made the comments during a speech at a […]
Somali Jet Suicide Bomber Was On The Wrong Plane
A suspected suicide bomber who blew a hole in the fuselage of a Somali passenger jet flying from Mogadishu to Djibouti and was subsequently sucked out and killed, was on board the wrong plane, according to the airline. Chief executive of Daallo Airlines said on Monday that the bomber was meant to fly on a Turkish Airlines flight which […]
Russian scenarios to respond to Turkey’s downing Russian warplane
Alwaght- A Turkish F-16 fighter shot down a Russian Sukhoi SU-24 fighter jets which killed one of the Russian co-pilots and the other one was captured by Syrian armed Turkmen sponsored by Turkey. These events could have very important effects on future developments in the West Asia, especially in Syria. In the first reaction, the […]