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BSP Foreign Exchange Regulations June International Operations Department 1 BANGKO SENTRAL NG PILIPINAS (BSP) RULES ON FOREIGN EXCHANGE.

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The Bank of Uganda BOU , which had cut its rate in February by 50 basis points to boost economic growth, said a "modest" tightening of monetary policy was warranted to keep inflation close to its 5. Uganda's inflation rate eased slightly to 3. The tax on social media from July 1 was imposed to curb gossip among its users.

Earlier the government passed a 1 percent excise duty on mobile money transactions. The central bank raised its forecast for core inflation to peak in the range of 6.

In the first half of core inflation is expected to ease and stabilize around 5 percent, with the positive output gap expected to the key inflation driver. Uganda's economy expanded by 6. A key risk to the inflation outlook stems from the exchange rate, which remains vulnerable to tighter global financial conditions and stronger domestic demand. Food prices are not seen as a major risks but remain dependent on weather and therefore uncertain.

The shilling has been depreciating steadily since early and fell sharply in June before bouncing back. Today the shilling was trading at 3, to the U. Tuesday, October 2, Jamaica maintains rate as private sector credit expands. Jamaica's central bank left its policy rate steady at 2. The Bank of Jamaica BOJ , which in August said it would ease its policy further if private sector credit didn't continue to expand, added it expects the increasingly accommodative conditions in the domestic market to lead to slightly higher pace of growth in credit than earlier expected.

The BOJ, which has cut its benchmark overnight deposit rate by basis points this year - most recently in June - said domestic demand is likely to strengthen gradually while economic growth, while modest, is accelerating, supported by faster credit growth. Jamaica's economy expanded by a faster-than-expected 2. Since July , when BOJ adopted the overnight deposit rate as its policy rate, it has lowered the rate by a total of basis points.

Credit to the private sector grew by an annual The BOJ said the decision to keep the rate steady reflected its view that inflation will be within the 4. Jamaica's inflation rate has been rising in the last three months to 3. At the end of April the Jamaican dollar began falling before stabilizing in September. Since then it has appreciated to trade at As part of the agreement, Jamaica is expected to approve a new central bank act that establishes BOJ as an independent central bank with price stability as its primary mandate.

The IMF's executive board is tentatively scheduled to decide on the latest agreement in November. In its statement, the IMF said Jamaica was implementing its program, with the government's primary surplus exceeding the target by 0. Monday, October 1, Argentina launches new policy with bps rate hike.

Argentina's central bank launched its new monetary policy framework by raising its Leliq policy rate by another basis points to As part of the revised agreement between Argentina's government and the International Monetary Fund IMF , the Central Bank of the Argentine Republic BCRA scrapped its inflation targeting regime and replaced it with a target of zero growth in nominal terms in the monthly average of the monetary base from October 1 until June On Friday, when BCRA's monetary policy committee Copom began implementing its new monetary policy, the rate on Leliq 7-day liquidity notes rose to 65 percent from 60 percent.

To reinforce the contractive nature of its new policy and prepare for the elimination of the stock of day Lebac notes, BCRA also raised the reserve requirement for major banks by a further basis points to what local media reported as 44 percent. The requirement has been raised several times in recent months. The central bank's new policy framework includes limited intervention in the foreign exchange, mainly to prevent excessive fluctuations in the peso.

In Argentina the exchange rate of the peso plays a major role in determining inflation expectations. Under Federico Sturzenegger, the first governor under Macri, BCRA in September formally adopted an inflation targeting regime, a system used by most central banks worldwide. But Sandleris acknowledged Macri's government had made mistakes by underestimating the difficulty of correcting past imbalances and the inflation targeting regime had not led to lower inflation, the central bank's primary objective.

Argentina's inflation rate has risen steadily this year but remains below In the following months and throughout , inflation decelerated. Argentina's inflation rate accelerated to BCRA picked the monetary base - the sum of all currency in circulation and banks' deposits with the central bank - as its new nominal anchor because this monetary aggregate is its most direct control and therefore strengthens its commitment to comply with the goal.

Targeting the monetary base implies a significant monetary contraction as it recently has been growing a bit over 2. With inflation continuing to rise, it will lead to a strong contraction in the monetary base in real terms. Data on the monetary base is published daily so Sandleris said anyone can verify the central bank is living up to its commitment that the monthly average of the monetary base doesn't grow.

During December and June, when demand for money rises, BCRA will adjust its target to avoid excessive monetary contraction. Although BCRA is formally using a floating exchange rate regime without intervention, it will use zones of intervention and non-intervention to provide transparency and predictability.

The non-intervention zone is initially set between 34 pesos and 44 pesos per U. BCRA considers this range as adequate for exchange rate parity and will adjust the zone next year. Sunday, September 30, This week in monetary policy: This week - September 30 through October 6 - central banks from 10 countries or jurisdictions are scheduled to decide on monetary policy: Saturday, September 29, Pakistan raises rate bps, inflation rises, growth eases.

Pakistan's central bank raised its monetary policy rate for the fourth time this year, saying "further consolidation efforts are required to ensure macroeconomic stability" as the current account deficit remains high, real interest rates have fallen while oil price shocks, protectionist trade policies and falling capital flows to emerging markets pose challenges to macroeconomic management.

SBP raised its forecast for inflation in the current fiscal year and lowered its forecast for economic growth. Despite a positive impact on business and consumer confidence from the "smooth transition" to Imran Khan as prime minister following July elections, SBP said economic concerns persist "on the back of rising inflation and large twin deficits, that are likely to compromise the sustainability of the high real economic growth path.

Following item published on Sept. This week - September 23 through September 29 - central banks from 19 countries or jurisdictions are scheduled to decide on monetary policy: Originally, Sri Lanka's central bank had also planned to hold a monetary policy meeting this week but it has been postponed to Oct.

Before the end of the gold standard , gold was the preferred reserve currency. Some nations are converting foreign-exchange reserves into sovereign wealth funds , which can rival foreign-exchange reserves in size. The list below is mostly based on the latest available IMF data, and while most nations report in U. And since all the figures below are in U. IMF releases the quarterly data on the currency composition of official foreign exchange reserves.

The data are reported to the IMF on a voluntary and confidential basis. From Q4 , the data was expanded to include renminbi RMB. From Wikipedia, the free encyclopedia. For reserves excluding gold, see List of countries by foreign-exchange reserves excluding gold. Ministry of Finance Japan. Retrieved 23 July Retrieved 17 July Retrieved 22 September The Bank of Korea. Retrieved 5 August Reserves of foreign exchange and gold". Retrieved 11 September Retrieved 6 September Retrieved 8 August Retrieved 24 July Reserve Bank of Australia.

Azerbaijan's currency reserves will significantly increase by year-end". Lists of countries by financial rankings. Forex reserves Forex reserves ex. Tax rates Tax revenue Wage average median minimum. Central bank interest rate Commercial bank prime lending rate. Lists of countries by GDP rankings List of international rankings List of top international rankings by country Lists by country.

Retrieved from " https: Lists of countries Lists of countries by economic indicator Foreign exchange reserves. Webarchive template wayback links Use dmy dates from August Views Read Edit View history.

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