Currency News - Page 2
428 articles
Rupee Slides Despite RBI Rate Hike as Dollar Keeps Climbing
The Reserve Bank of India raised its repo rate to 5.50 percent and shifted to a calibrated tightening stance, but the Rupee is still trading near record lows against the US Dollar. Analysts warn more challenges are ahead.
Emirates NBD opens VIP Privilege banking to all business clients
Emirates NBD has launched its VIP Privilege program for business banking, offering exclusive benefits, preferential rates, and a Visa Infinite Business debit card to all eligible clients who meet annual points requirements
Emirates Islamic Bank hands AED 1 million prize to disciplined saver
Emirates Islamic Bank has named Maha Ahmed Khaled as its AED 1 million grand prize winner for August 2026, spotlighting the bank's push for regular saving and Sharia-compliant financial habits through its Kunooz Millionaire Account.
Outdated Bank Lists Risk Payment Errors for Egypt Electricity Bills
Egyptian electricity bill payers face confusion as old bank lists still circulate, including institutions that no longer exist under their former names. Only verified channels on the official platform guarantee successful payment
Thunder Dragon Special Edition Coin Sets New Benchmark for Collectors
A 5-ounce silver coin featuring the Thunder Dragon design launches with only 199 pieces worldwide. Advanced smartminting technology and selective gilding make this Cook Islands issue a standout for collectors seeking rarity and detail
Solana and JPMorgan Target Instant Settlement for Financial Institutions
Solana has launched an open-source settlement program designed to let major financial institutions swap assets in seconds. JPMorgan contributed its settlement expertise to the project, but industry adoption remains uncertain.
US Mint opens Philadelphia coin production to public for semiquincentennial
The US Mint is inviting the public inside its Philadelphia facility for a series of meet and greets, giving visitors a firsthand look at coin production and a chance to speak directly with mint artisans and security staff.
Emirates NBD takes top UAE corporate governance award for 2026
World Finance has named Emirates NBD as the UAE's leading bank for corporate governance in 2026, highlighting its board discipline, ethics, and regulatory compliance.
Foreign bank branches hit new high in Saudi Arabia
Saudi Arabia now counts 49 foreign bank branches after Bank of Jordan's arrival. The international banking scene is changing fast, and the kingdom's financial landscape is shifting.
UAE Central Bank brings global banking leaders to Bangkok
Top financial leaders will gather in Bangkok this October at the invitation of the UAE Central Bank. The goal: push cross-border banking partnerships and speed up sustainable finance and digital change worldwide.
Mashreq Egypt wins top award for digital corporate banking innovation
Mashreq Egypt has secured the 2026 Excellence in Corporate Digital Banking award for its ongoing investment in digital services for businesses, highlighting the bank's push to simplify and modernize corporate banking in Egypt
Emirates NBD wins UAE corporate governance award for 2026
Emirates NBD has been named the UAE's top institution for corporate governance in 2026 by World Finance, highlighting the bank's focus on board oversight, regulatory compliance, and long-term value.
United Bank hands out 200,000 EGP in October Millionaire Certificate draw
Three Egyptians have won a total of 200,000 EGP before taxes in United Bank's October 2026 Millionaire Certificate draw, showing the strong pull of prize-linked savings in Egypt.
US Mint sets October launch for 2026 proof coin set
The US Mint will release its 2026 proof set on October 6, featuring dual-dated 1776-2026 coins and a new Native American dollar. With a cap of 480,000 sets, collectors face a rare opportunity to secure these commemorative pieces.
Coin Auctions: How the Rules Decide Who Wins
Not all coin auctions play by the same rules. English, Dutch, Japanese, and sealed bid formats each set their own ground for bidding and winning. Knowing the difference can change how collectors bid-and what they pay.
Bank of Cairo gears up for landmark share sale on Egyptian Exchange
Egypt is set to list a large stake in Bank of Cairo on the Egyptian Exchange. International development banks want a 10 percent share, and the government hopes to raise up to 650 million US dollars.
UAE banking leaders chart new course at Abu Dhabi summit
Top officials from government, business, and academia met in Abu Dhabi to debate how technology, regulation, and long-term investment are changing the UAE's banking sector and global standing.
Emirates NBD launches AI travel assistant for UAE customers
Emirates NBD has introduced the UAE's first AI-powered travel assistant, developed with Visa and TripAdvisor, to help residents plan trips and manage travel spending with tailored recommendations and instant itinerary options.
Egyptian banks push home renovation loans up to 15 million pounds
Egypt's biggest banks now offer home renovation loans with limits up to 15 million pounds. Borrowers face strict rules and different repayment terms as lenders react to soaring construction costs.
Abu Dhabi First Bank Egypt hits record profit as digital banking takes off
Abu Dhabi First Bank Egypt posted a net profit of 7.9 billion Egyptian pounds in the first half of 2026. Digital banking, rising deposits, and strong capital are driving the bank's gains in a fast-changing Egyptian financial sector.
Emirates NBD launches rare Swiss franc green bonds
Emirates NBD has issued CHF 150 million in green bonds with a five-year term and a 1.8675% yield. The move signals a shift for UAE banks seeking sustainable funding in foreign currencies.
Ben Dawood secures sharia-compliant funding for major food sector deal
Ben Dawood Holding has obtained a one-year sharia-compliant revolving credit facility worth SAR 217.8 million to finance its acquisition of a 51 percent stake in Faza Food. The deal involves no bank guarantees and signals a strategic move in Saudi retail.
Australian Dollar faces policy split as inflation data challenges RBA outlook
Australia's next inflation report could decide whether the Reserve Bank moves again this year or waits, with the Australian Dollar caught between Westpac's call for a November hike and rivals urging caution
Brazilian Real Faces Uncertain Path After Election as Fiscal Risks Loom
Brazil's election could trigger sharp moves in the Real but analysts say only credible fiscal policy after the vote will determine whether any gains or losses last. Goldman Sachs outlines scenarios for USD/BRL from 4.80 to 5.80 depending on fiscal credibility.
Pound Sterling Faces Short Squeeze Risk as Bearish Bets Reach Extreme
Heavy speculative bets against the Pound Sterling have left the currency exposed to a possible rebound if US economic data disappoints. Goldman Sachs points to stretched positioning as a key vulnerability for those betting on further declines
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