Nepali Prime Minister K.P. Sharma Oli will press India to exchange millions of dollars held in Nepal in banned high-value Indian bank notes during a visit this week to improve ties with its large southern neighbour.
Demonetisation’s success will depend on what income-tax sleuths get from suspect accounts, more people taking to digital payments, and how tax-compliant people become. Else, it will be nothing more than a great Indian currency swap
India's central bank said on Tuesday it would allow its Sri Lankan counterpart to draw up to $700 million over a maximum period of three months under a new special currency swap agreement signed by the two central banks.
The International Swaps and Derivatives Association, Inc. (ISDA) and the International Islamic Financial Market (IIFM) yesterday announced publication of a new Islamic hedging product standard, the ISDA/IIFM Himaayah Min Taqallub As‘aar...
VIENNA (dpa-AFX) - Central banks of Eurozone and China announced on Thursday
that they have successfully tested their existing bilateral currency swap
The bilateral currency swap serves as a backstop facility to address sudden...