Japan’s top forex diplomat vigilant to market impact from BOJ stimulus exit
By Tetsushi Kajimoto, Takaya Yamaguchi and Leika Kihara TOKYO (Reuters) – Japan’s top currency diplomat Masato Kanda said he was closely watching how central bank decisions, including an expected end to negative…
China forex reserves fall to $3.029 trln in Sept
SHANGHAI (Reuters) -China’s foreign exchange reserves fell in September, official data showed on Friday, as the dollar climbed against other major currencies. The country’s foreign exchange reserves – the world’s largest –…
China forex regulator warns against illegal money outflows
BEIJING (Reuters) – China’s foreign exchange regulator named and shamed 10 banks that had assisted illegal capital outflows, vowing to crack down on fake forex transactions in authorities’ latest effort to stabilise…
U.S. Treasury acknowledges Bank of Japan forex intervention
WASHINGTON (Reuters) – The U.S. Treasury on Thursday acknowledged the Bank of Japan’s intervention in the foreign exchange, but stopped short of endorsing the move. “The Bank of Japan today intervened in…
India’s overall forex reserves to shrink further this year – Deutsche Bank
MUMBAI (Reuters) – India’s overall foreign exchange reserves will deplete further this year due to a ballooning current account deficit and interventions by the central bank to support the rupee, Deutsche Bank…
China will keep forex market steady in H2 – forex regulator
BEIJING – China will keep its foreign exchange markets steady in the second half of this year and will safeguard the country’s economic and financial security, the foreign exchange regulator said on…
Bhutan considering steps to avoid fallout of falling forex reserves -minister
By Gopal Sharma and Manoj Kumar KATHMANDU/NEW DELHI – Bhutan is considering several steps to contain adverse impacts on the economy following a fall in foreign exchange reserves, its economic affairs minister…
Yellen sees some use for forex intervention, but not for competitive advantage
NUSA DUA, Indonesia – Emerging markets and low-income countries may benefit in some cases from capital flow management and foreign exchange intervention, but should not use such tools to gain an unfair…
Russia softens capital controls to allow companies to transfer forex overseas
(Reuters) – Russia on Tuesday said export-focused companies can transfer foreign currency to accounts overseas under certain conditions in a move aimed at helping to pay for imports and to dampen the…
China offers more forex hedging tools in wake of yuan volatility
SHANGHAI -China’s foreign exchange regulator said on Friday it would offer new derivatives tools to help companies better hedge their currency risks, after recent huge volatility in the Chinese yuan. The State…
CEO Of Cryptocurrency And Forex Trading Platform Charged With Fraudulent Scheme Involving Over $59 Million
Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation, announced…
Jury Finds Sarasota Man Guilty Of Running $80 Million “Oasis” Forex Ponzi Scheme
Tampa, Florida –United States Attorney Roger B. Handberg announces that following a 13-day trial, a federal jury has found Michael J. DaCorta (57, Sarasota) guilty of conspiracy to commit wire fraud and…
Russian central bank chief says looking at adjusting forex controls
(Reuters) – Russia is looking at adjustments to its forex controls to avoid situations where the rouble exchange deviates on a shadow market from official levels, Central Bank Governor Elvira Nabiullina said…
Ukraine’s gold and forex reserves stand at $29 billion, says official
(Reuters) – Ukraine’s gold and foreign currency reserves stand at $29 billion, the same level as before Russia’s invasion thanks to external financial support, the president’s economic adviser Oleh Ustenko said on…
Russia’s Sberbank says sanctions limiting some forex transfers in Russia and abroad
– Russia’s largest lender Sberbank on Friday said sanctions on its operations meant its customers would be unable to transfer funds in certain foreign currencies to accounts at other banks, both in…
Brazil unveils plan to cut taxes on forex transactions by 2029
BRASILIA – Brazil’s government published a decree on Tuesday to phase out taxes on financial operations using foreign exchange, known as IOF taxes, as part of an effort to join the Organization…
Russia to use yuan from its forex reserves, finance minister says
– Russia will use Chinese yuan from its foreign exchange reserves after Western sanctions blocked Moscow’s access to the U.S. dollars and euros in the reserves, Finance Minister Anton Siluanov said on…
Russia to pay external debt in roubles if forex accounts remain blocked, TASS says
– Russia will service its external obligations in roubles if foreign exchange accounts of the central bank and the government remain blocked by the western sanctions, Finance Minister Anton Siluanov was quoted…
Russian finance ministry halts forex, gold purchases for 2022
MOSCOW – Russia’s finance ministry said on Thursday that it was halting purchases of foreign currency and gold for this year as part of a suspension of parts of its fiscal rule…
Russia imposes 30% commission on forex purchases by individuals – brokers
MOSCOW – Russia’s central bank has imposed a 30% commission on foreign currency purchases by individuals on currency exchanges, brokers told Reuters, citing a letter from the regulator. The central bank has…
Putin bans forex transfers to outside Russia from March 1
MOSCOW – Russian President Vladimir Putin ordered a ban on foreign exchange loans and transfers by Russian residents to outside of Russia from March 1, the Kremlin said on Monday, in retaliation…
Russian central bank increases daily limit on euro-rouble forex swaps to 3.5 billion euros
MOSCOW – The Russian central bank increased the daily limit for its foreign exchange swap operations in euros to 3.5 billion euros from 2 billion euros, it said on Friday, further increasing…
Russian central bank pledges support to sanctions-hit banks, promises to honor forex deposits
MOSCOW – Russia’s central bank is ready to support banks hit by Western sanctions, it said on Friday, promising to provide them with rouble and foreign exchange liquidity while saying claims to…
Russia’s VTB asks corporate clients to stay away from forex transactions, Ifax says
MOSCOW – Russian state bank VTB, the country’s second biggest bank, Russia’s no.2 bank, asked its corporate clients to refrain from transactions in U.S. dollars and euros to ‘minimize risks given current…
Russian central bank increases daily dollar offer via forex swap to $5 billion
MOSCOW – The Russian central bank increased daily dollars offered via foreign exchange swap operations with banks to $5 billion from $3 billion, it said on Thursday, as Moscow ordered forces to…
Taiwan lifts forex trading punishment on Deutsche -sources
TAIPEI – Taiwan’s central bank has allowed Deutsche Bank to start trading Taiwan dollar deliverable and non-deliverable forwards again, three sources told Reuters, after it suspended them as part of a crackdown…
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