Central Bank of Oman names banknotes which will cease to be legal tender in 2025
currency
Latest in currency
counterfeit
UAE busts half price fake cash scam gang
UAE Public Prosecution jails fraudsters over counterfeit currency scam
currency
Indian rupee predicted to see sharp fall in first quarter to almost 85 per US dollar
The plunge in rupee value is expected to trigger a major spike in remittances by Gulf-based non-resident Indians in the coming months
British pound
Exchange bureaus offer 85 cents for one pound sterling
British pound continues slump after UK mini budget
British pound
Pound set to fall below dollar as sterling crashes again
Fall comes after UK mini-budget saw huge tax cuts
currency
Indian rupee’s plunge to an all time low may trigger another round of spike in remittances by Gulf NRIs
The onset of festival season in India from September onwards generally see high NRI remittances and the current plunge in rupee exchange value seen to add to the surge
Blockchain
Here’s why you should still believe in cryptocurrency
Despite recent setbacks the transformative technology of cryptocurrency is still revolutionising finance
Boris Johnson
FTSE and pound make big gain following Boris Johnson’s resignation
The London benchmark index rose 81.31 points, while sterling was up almost half a per cent following Thursday’s political activities in the UK
currency
Kuwait currency peg in spotlight with nation unable to borrow
Analysts and investors say the government will be forced to act to shore up the nation’s finances, whether by breaking the borrowing deadlock or imposing taxes to increase revenue
Background
US Treasury again says China is not manipulating currency
Beginning with this report, the Treasury is assessing all US trading partners with annual trade surpluses in goods of more than $40 billion
currency
UAE’s Network Int’l launches multicurrency payment option
Multicurrency Online uses geo-location services to automatically show the exact amount cardholders will be billed in their own currency
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currency
Indian rupee falls to new low against UAE dirham
The rupee has been weakened due to concerns about the Turkish lira
currency
Indian rupee falls to a record low against the dollar
Overseas investors have reduced holdings of rupee-denominated government and corporate bonds by $6.1 billion, and pulled $785 million from equities since the beginning of 2018
Central Bank of Oman
Oman has means to defend currency peg – Central Bank
Government debt-to-GDP rose from 5% in 2014 to 41% at the end of 2017, according to governor Tahir Al Amri
Canadian dollar
Video: Where should to invest your money in 2018 – Forex
Where should you invest your money in 2018? That’s the question we’ve been asking over the past week. Today we look at the Forex market and the predictions that George Batrouni, Head of Middle East for ActivTrades made to Arabian Business for currency prices the year ahead.
banking
World’s second-longest serving central banker replaced in Oman
Sultan Qaboos appointed Tahir Bin Salim Al Amri as the central bank’s executive president, replacing Hamud Sangur Al-Zadjali