Iran Allows Free Foreign Exchange At Banks In Move To Unify Rates
Iran authorized some banks on Saturday to deal in foreign exchange trading at a free-market rate, the central bank said, ...
Tag: Economy of Iran
No Bonuses For Banks Staff As Mounting Debts Trigger Write-Offs
Staff of universal banks will be denied their bonuses this year as rising Non- performing loans in the sector crossed ...
Banks’ Reports On Bad Loans Not Impressive
Despite a recent report by the Central Bank that overall performance of the banking sector as at July this year ...
Businesses Are Disintegrating – IMANI
A policy think-tank, IMANI Center for Policy and Education, has raised concerns about the rate at which businesses in the ...
Banks Squeeze Credit To Private Sector
Availability and ease of access to credit remains a huge challenge for the private sector. Latest data from the Bank ...
Nigeria Reserves Fall To $19bn As Non-Oil Exports Drop By 43%
The Central Bank of Nigeria’s portion of the foreign reserves fell to $19.44 billion as non-oil exports fell by over ...