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The Latest Breaking News from central bank

Top Lebanese official in IMF talks calls for central bank head to resign amid corruption allegations

The Lebanese official heading talks with the International Monetary Fund to bailout Lebanon’s tanking economy has called for the country’s embattled central bank chief to resign

The Independent UK

France issues international arrest warrant for Lebanese central bank chief

A French investigating magistrate on Tuesday issued an international arrest warrant for Lebanon's central bank chief Riad Salameh, a source close to the case said.

France 24

Lebanese Central Bank governor no-show in Paris corruption probe

Lebanon’s embattled central bank governor has failed to appear before French prosecutors in Paris, questioning him in the ongoing European money-laundering and illicit enrichment probe

The Independent UK

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Finance Minister meets IMF MD Georgieva on sidelines of G7 meeting

Finance Minister Nirmala Sitharaman on May 12 met International Monetary Fund (IMF) managing director K Georgieva on the sidelines of G7 Finance Minister Central Bank Governors meet.

The Hindu

G7 finance chiefs debate reducing supply chain reliance on China

Finance leaders of the Group of Seven (G7) advanced economies discussed the need to make global supply chains more resilient by reducing over-reliance on China, German Finance Minister Christian Lindner said on Friday.

Reuters

Lula pick for Brazil central bank key role says he doesn't always agree with governor

Brazil's executive secretary of the Finance Ministry, Gabriel Galipolo - who is due to be nominated for a key role at the country's central bank - said on Tuesday he has good relations with central bank Governor Roberto Campos Neto but does not always agree with him.

Reuters

Lebanon's finance minister questioned by European prosecutors

A European judicial team questioned Lebanon’s caretaker finance minister Youssef El Khalil on Friday in an investigation related to a corruption probe of the country’s Central Bank governor, officials said.

Radio France Internationale

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Lebanon's finance minister questioned in Central Bank probe

Lebanese judicial officials say a European judicial team has questioned Lebanon’s caretaker finance minister

The Independent UK

Brazil's Haddad backs longer-term target for inflation, no talk of goal change

Brazilian Finance Minister Fernando Haddad said on Friday that he favored taking a long-term view of inflation and that the central bank could begin cutting interest rates.

Reuters

EU team questions brother of Lebanon's Central Bank governor

A European judicial team has questioned the brother of Lebanon’s embattled Central Bank governor who is is being investigated abroad over several financial crimes and the laundering of some $330 million

The Independent UK

Nigeria and digital banking: a revolution still waiting to happen

At the end of 2022 the Central Bank of Nigeria launched new banknotes. At the same time it also capped withdrawal of the new banknotes. The rollout of the currency change was shambolic. But it also led people to turn to digital financial services such as the use of point…

The Conversation

Lebanese, EU legal teams to cooperate in Central Bank probe

Lebanese and European judicial authorities have agreed to exchange information about their probes of Lebanon's Central Bank governor who has been accused of corruption

The Independent UK

French Prosecutors Accuse Lebanon Central Bank Chief of Hiding Fraud

French prosecutors have told Lebanon's central bank governor Riad Salameh they plan to press preliminary fraud and money laundering charges against him, partly based on allegedly forged bank statements used to conceal his wealth, according to French court documents seen by Reuters. The accusation of using fake account statements, which…

Asharq Al-Awsat

Travel Ban on Lebanon's Central Bank Governor Lifted

A travel ban on Lebanon's central bank governor Riad Salameh was lifted on Thursday by prosecutor Ghada Aoun, the state news agency (NNA) reported. Salameh is part of a political class widely blamed for Lebanon's unprecedented economic crisis. He is the target of a series of judicial investigations both at…

Asharq Al-Awsat

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Asharq Al-Awsat

UAE Central Bank's Foreign Assets Exceed $136b

The total foreign assets of the UAE Central Bank exceeded $136.1 billion at the end of January for the first time in its history. The data showed that the Central Bank's foreign assets increased monthly by 1.34 percent, from $134.4 billion last December to $136.2 billion at the end of…

Asharq Al-Awsat

UAE Central Bank Revokes License of Russia’s MTS Bank

The Central Bank of the UAE announced that it has been decided to cancel MTS Bank’s Abu Dhabi licence, wind down its operations within six months from the date of the decision, under the supervision of the Central Bank, and close the branch. This decision comes after considering the available…

Reuters

Sri Lanka expects to finalise domestic debt rework by May

Sri Lanka will kick off a reworking of part of its domestic debt next month and aims to finalise it by May, central bank and treasury officials told creditors during a virtual presentation on Thursday.

Barchart

What is Central Bank Digital Currency (CBDC) and What are the Risks?

A Central Bank Digital Currency (CBDC) could help the Federal Reserve reduce fraud and money laundering while guaranteeing sovereign alternatives for digital payments. Still, the Nigerian case study suggests a variety of issues.

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Reuters

Brazil's monetary policy director leaves office amid government uncertainty over replacement

Brazil's central bank monetary policy director Bruno Serra has left his position at his request, according to the official gazette on Monday, backdated to March 23, while the new administration of President Luiz Inacio Lula da Silva has yet to announce a replacement candidate.

Asharq Al-Awsat

Saudi Deposit Boosts Foreign Reserves of Türkiye's Central Bank

The Turkish Central Bank's net international reserves rose by $6 billion last week to $25 billion after a $5 billion deposit from Saudi Arabia entered its accounts. The central Bank's gross reserves rose $6.5 billion to $126.5 billion in the same period, Reuters quoted three bankers as saying. The Bank…

The Independent UK

Lebanon’s Central Bank chief attends corruption questioning

Lebanon’s embattled Central Bank chief has appeared for questioning for the first time before a European legal team visiting Beirut in a money-laundering probe linked to the governor

The Independent UK

Lebanon's Central Bank chief again charged with corruption

Officials say Lebanon's Central Bank chief has again been charged with corruption, this time after he failed to show up for questioning before a European legal team visiting Beirut in a money-laundering probe linked to the governor

Asharq Al-Awsat

Yemeni Officials, Experts Call for Using New Saudi Deposit for Economic Reform

Yemenis are optimistic that a Saudi deposit in the Central Bank will contribute to economic recovery, stop the collapse of the local currency, and control prices, especially with the approach of the month of Ramadan. Saudi Arabia deposited $1 billion in the Central Bank of Yemen’s legitimate government, in a…

Asharq Al-Awsat

Lebanon Judge Sets March 15 Hearing for Central Bank Chief in Graft Probe

A Lebanese investigative judge has scheduled a March 15 hearing for Lebanese Central Bank Governor Riad Salameh as part of a cross-border corruption probe into Salameh and close associates, a judicial source said. Judge Charbel Abu Samra took over the case late last month after another judge charged Salameh with…

Asharq Al-Awsat

Saudi Arabia Deposits $5 Bln in Türkiye's Central Bank

Saudi Minister of Tourism and Chairman of the Saudi Fund for Development (SFD) Board of Directors Ahmed Aqeel Al-Khateeb signed an agreement with Türkiye to deposit $5 billion in the country’s Central Bank, the Saudi Press Agency reported Monday. The agreement was signed with the Governor of the Turkish Central…

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