ABU DHABI/AD MEDIA OFFICE UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has directed …
Read More »Asian central banks spend billions to slow currency declines
Bloomberg After years of building their foreign-exchange reserves, central banks in Asia are tapping into their stockpiles to bolster their weakening currencies against a rising US dollar. Thai reserves slid to $221.4 billion as of June 17, in data released late last week. That was the lowest in more than two years. Monthly figures show that Indonesia’s stash is at …
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