The naira declined for a fifth day, reaching its lowest in more than five weeks on increased demand for dollars by oil importers and as the central bank cut the amount of U.S. currency sold at today’s auction. The currency of Africa’s biggest oil producer weakened 0.1 percent to 158.83 […]
World News
IMF Publishes Revised Guidelines for Foreign Exchange Reserve Management
Press Release The Executive Board of the International Monetary Fund (IMF) endorsed the Revised Guidelines for Foreign Exchange Reserve Management on February 13, 2013. Application of these guidelines should strengthen the international financial architecture, promote policies and practices that contribute to stability and transparency in the financial sector, and reduce […]
Shares gain, dollar up against yen after G20 backs Japan
The dollar strengthened towards 100 yen on Monday and shares rose after the G20 accepted Japan’s bold stimulus policies, helping to counter the gloom over the global growth outlook. In a communiqué after a two-day meeting, the G20 said it would be “mindful” of possible side effects from extended periods […]
