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Kenyan Forex Crisis: Central Bank Orders Financial Institutions to Ration Dollars

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Kenyan Forex Crisis: Central Bank Orders Financial Institutions to Ration Dollars
Africa
Kenyan Forex Crisis: Central Bank Orders Financial Institutions to Ration DollarsGrowing shortages of foreign exchange on the interbank market have reportedly forced the Central Bank of Kenya to ask financial institutions to ration dollar purchases by Kenyan businesses. The shortages have forced Kenyan firms to seek greenbacks on alternative markets where the exchange rate is higher than the official government rate. New Limits Curtailing Operations […]
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Gold ‘Probably Goes Higher,’ According to Macro Guru Raoul Pal – But There’s a Catch

Gold ‘Probably Goes Higher,’ According to Macro Guru Raoul Pal – But There’s a Catch

Kenyan Central Bank Rejects Deputy President Rigathi Gachagua’s Claims Country Lacks Forex to Import Oil

Bitcoin.com
Kenyan Central Bank Rejects Deputy President Rigathi Gachagua’s Claims Country Lacks Forex to Import Oil
Africa
Kenyan Central Bank Rejects Deputy President Rigathi Gachagua’s Claims Country Lacks Forex to Import OilThe Central Bank of Kenya appeared to rebuke the country’s new deputy president Rigathi Gachagua, after it rejected the latter’s claims the East African nation lacks enough foreign exchange to import oil. According to the bank, all the foreign exchange used in private transactions and for oil imports is sourced from commercial banks. Central Bank […]
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Gold ‘Probably Goes Higher,’ According to Macro Guru Raoul Pal – But There’s a Catch

Gold ‘Probably Goes Higher,’ According to Macro Guru Raoul Pal – But There’s a Catch

Czech Central Bank Plans Tenfold Increase in Gold Holdings, New Governor Says Precious Metal ‘Good for Diversification’

Bitcoin.com
Czech Central Bank Plans Tenfold Increase in Gold Holdings, New Governor Says Precious Metal ‘Good for Diversification’
Aleš Michl
Czech Central Bank Plans Tenfold Increase in Gold Holdings, New Governor Says Precious Metal ‘Good for Diversification’The incoming governor of the Czech National Bank (CNB), Aleš Michl, has said he plans to increase the institution’s gold holdings almost tenfold from the current 11 tonnes to 100 tonnes. Michl also said he will ask the bank’s foreign exchange reserves management team to invest in stocks. Growing the CNB’s Shareholding The incoming governor […]
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Gold ‘Probably Goes Higher,’ According to Macro Guru Raoul Pal – But There’s a Catch

Gold ‘Probably Goes Higher,’ According to Macro Guru Raoul Pal – But There’s a Catch

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