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Will the Governor of the Central Bank of Nigeria (CBN), Dr Godwin Emefiele, bow to speculated pressure to run for the 2023 presidency? KUNLE ODEREMI

Why RBI urgently needs a Forex policy Premium Currency markets have been facing huge volatility of late. But there’s no stated policy to define RBI’s intervention. 9 min read Share Via Read Full Story Unlike monetary policy, which is conducted under the explicit mandate of inflation targeting, foreign exchange management is left to the discretion of the Reserve Bank of India (RBI). For many years now, RBI has maintained that it does not target any value of the Rupee, and only steps in at times to control some unstated measure of currency volatility. However, the sheer magnitude and nature...

The central bank will be lifting the export conversion rule, which will allow resident exporters to manage their own export conversions according to their foreign exchange cash flow needs. Secondly, exports will be allowed to settle domestic trade in foreign currency with other resident corporates operating in the global supply chain. KUALA LUMPUR: Bank Negara has announced five new measures to further liberalise the foreign exchange policy (FEP) to allow greater flexibility for businesses and to foster a conducive environment in attracting foreign direct investment (FDI) to Malaysia. The cen...