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Resurgent rupiah enjoys its best performance in more than two years

Bloomberg The rupiah is enjoying its best performance in more than two years as foreign inflows turbocharge its catch-up with emerging market peers. The Indonesian currency climbed 1.2% against the greenback to 14,895 per dollar on Tuesday, its strongest in four months. It has surged about 4.7% over the last month, Asia’s second-best performer. The return of overseas bond investors ...

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Nigeria allows cash naira swap to ease adoption of new banknotes

  Bloomberg Nigeria’s central bank will allow citizens to swap old naira notes for redesigned bills to boost adoption and circulation of the new currency before the old bills cease to be legal tender at the end of the month. The central bank of Nigeria in October 2022 announced plans to redesign its highest-value banknotes in a bid to mop ...

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ECB: Greek banks may pay dividend if conditions met

  Bloomberg The European Central Bank (ECB) wouldn’t object to a dividend payment if Greek banks prove they can fulfill all supervisory demands even under an adverse scenario, said Andrea Enria, head of the ECB’s Supervisory Board. If the banks “are able to remain above all our supervisory tripwires, let’s say, requirements and buffers, including a payment of some distributions, ...

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