Search｜Photos & Images & Videos｜KYODO NEWS IMAGES INC

India's forex reserves fall to 646.67 bln USD

STORY: India's forex reserves fall to 646.67 bln USD SHOOTING TIME: Archives DATELINE: June 2, 2024 LENGTH: 00:01:21 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the Reserve Bank of India 2. various of banks 3. various of a market STORYLINE: India's foreign exchange (forex) reserves dropped by over 2 billion U.S. dollars during the week ended May 24, the country's central bank, the Reserve Bank of India, said in a weekly bulletin on Friday. The forex reserves stood at 646.67 billion dollars, a drop after gaining a total of 10.8 billion dollars in the previous three weeks, The Hindu newspaper said in a report. The country's foreign currency assets stood at 567.499 billion dollars, while the gold reserves stood at 56.713 billion dollars, said the central bank bulletin. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

E

Bank of Japan keeps interest rate unchanged, yen sinks below 156

STORY: Bank of Japan keeps interest rate unchanged, yen sinks below 156 SHOOTING TIME: file DATELINE: April 27, 2024 LENGTH: 00:01:37 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Japan 2. various of city view in Tokyo 3. various of fresh food in supermarkets 4. various of city view in Tokyo STORYLINE: The Japanese central bank on Friday maintained its policy rate unchanged after wrapping up its two-day policy meeting, which sent the Japanese yen to its fresh 34-year low past the 156 line. The Bank of Japan (BOJ) decided to guide short-term interest rates in a range of zero and 0.1 percent, a month after it ended the negative interest rate policy in its first rate hike in 17 years. The announcement weakened the country's currency against the U.S. dollar to the lowest level since May 1990, raising the risk of forex intervention by Japanese authorities. The BOJ, which also maintained its policy regarding government bond buying, said the country's core inflation, which excludes volatile

E

India's forex reserves rise to 648.562 bln USD

STORY: India's forex reserves rise to 648.562 bln USD SHOOTING TIME: April 10, 2024 DATELINE: April 13, 2024 LENGTH: 00:01:02 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India Gate 2. various of building of the Reserve Bank of India 3. various of market STORYLINE: India's foreign exchange (forex) reserves further rose by 2.98 billion U.S. dollars to 648.562 billion U.S. dollars in the week ended April 5, according to the weekly statistics issued by the country's central bank the Reserve Bank of India (RBI) on Friday. This was the seventh consecutive week when India's forex reserves moved upwards. The foreign currency assets, a key component of the forex reserves, rose by 549 million U.S. dollars to 571.166 billion U.S. dollars during the cited period, showed the RBI data. Meanwhile, the gold reserves rose by 2.398 billion U.S. dollars to 54.558 billion U.S. dollars. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

E

India's forex reserves rise further to 642.631 bln USD

STORY: India's forex reserves rise further to 642.631 bln USD SHOOTING TIME: March 28, 2024 DATELINE: March 31, 2024 LENGTH: 00:01:32 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of RBI building 3. various of banks 4. various of market area STORYLINE: India's forex exchange (forex) reserves rose by 139 million U.S. dollars to 642.631 billion dollars during the week ending on March 22, data released by the country's central bank, the Reserve Bank of India (RBI), showed on Friday. This was the fifth straight week when India's forex reserves rose. Media reports described them as the highest-ever forex reserves till date. Forex reserves had stood at 642.492 billion dollars during the previous week ending on March 15. The RBI data further revealed that gold reserves rose by 347 million dollars to 51.487 billion dollars, while the foreign currency assets, which is the key component of forex reserves, declined by 123 million dollars to 568.264 billion dollars, showed the

E

India's forex reserves rise to 642.49 bln USD as rupee falls

STORY: India's forex reserves rise to 642.49 bln USD as rupee falls SHOOTING TIME: March 20, 2024 DATELINE: March 25, 2024 LENGTH: 00:01:16 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India gate 2. various of the Reserve Bank of India 3. various of a market STORYLINE: India's foreign exchange reserves reached an all-time high of 642.49 billion U.S. dollars during the week ended on March 15, the country's central bank has reported. This was the fourth straight week with an increase in the forex reserves for the South Asian country. According to the Reserve Bank of India on Friday, the forex reserves rose by nearly 6.4 billion dollars during the week ended on March 15. The foreign currency assets stood at 568.386 billion dollars, while the gold reserves amounted to 51.14 billion dollars during the cited week, the data showed. Meanwhile, the Indian rupee fell to its lowest level of 83.43 against the U.S. dollar, due to broad weakness in its Asian peers and the aggressive

E

India's forex reserves fall

STORY: India's forex reserves fall SHOOTING TIME: Earlier footage DATELINE: Jan. 29, 2024 LENGTH: 0:01:12 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India Gate 2. various of the Reserve Bank of India (RBI) 3. various of the market STORYLINE: India's foreign exchange reserves declined 2.794 billion U.S. dollars to 616.143 billion dollars during the week ending on Jan. 19, according to the latest data of India's central bank. The data revealed that foreign currency assets, which is termed as the biggest forex component, declined 2.653 billion dollars to 545.855 billion dollars. During the week ending on Jan. 12, India's foreign exchange reserves increased 1.634 billion dollars to 618.937 billion dollars. According to media reports, in the calendar year 2023, nearly 58 billion dollars was added to India's foreign exchange reserves, and in 2022 the country's foreign exchange reserves slumped 71 billion dollars. Xinhua News Agency correspondents reporting from New Delhi. (XHT

E

Pakistan's central bank forex reserves rise to 8.2 bln USD

STORY: Pakistan's central bank forex reserves rise to 8.2 bln USD SHOOTING TIME: Jan. 5, 2024 DATELINE: Jan. 5, 2024 LENGTH: 00:00:57 LOCATION: Islamabad CATEGORY: ECONOMY SHOTLIST: 1. various of Islamabad's streets STORYLINE: The State Bank of Pakistan (SBP) said on Thursday that its foreign exchange reserves had increased by 464 million U.S. dollars to reach around 8.2 billion dollars by Dec. 29, 2023. The increase occurred "mainly due to receipt of official government's inflows," the SBP said in a statement. Net foreign reserves held by commercial banks came at around 5 billion dollars, the central bank said. Total liquid foreign reserves held by the South Asian country stood at about 13.2 billion dollars, according to the SBP. Xinhua News Agency correspondents reporting from Islamabad. (XHTV)

E

Pakistani central bank's forex reserves increase 21 mln USD

STORY: Pakistani central bank's forex reserves increase 21 mln USD SHOOTING TIME: File DATELINE: Dec. 16, 2023 LENGTH: 00:00:57 LOCATION: Islamabad CATEGORY: ECONOMY SHOTLIST: 1. file footage of streets in Islamabad STORYLINE: The State Bank of Pakistan (SBP) said on Thursday that its foreign exchange reserves had increased by 21 million U.S. dollars. During the week ending on Dec. 8, total foreign exchange reserves of the bank reached around 7 billion dollars, the SBP said in a statement. Net foreign reserves held by commercial banks were 5.2 billion dollars, the central bank said. Total liquid foreign reserves held by the South Asian country stood at about 12.2 billion dollars, according to the SBP. Xinhua News Agency correspondents reporting from Islamabad. (XHTV)

E

India's foreign exchange reserves dip to 4-month low

STORY: India's foreign exchange reserves dip to 4-month low DATELINE: Oct. 2, 2023 LENGTH: 00:01:20 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. India gate 2. Reserve Bank of India (RBI) 3. various of banks 4. various of market 5. various of traffic STORYLINE: India's foreign exchange reserves fell by 2.335 billion U.S. dollars to 590.7 billion dollars during the week ending Sept. 22, according to the latest data released by the central bank, the Reserve Bank of India (RBI). That was the lowest foreign reserves in the past four months. It was also the third consecutive week that India's forex reserves had declined. According to the data, foreign currency assets decreased by 2.55 billion dollars to 523.36 billion dollars. Gold reserves increased by 307 million dollars to 44.307 billion dollars. Special Drawing Rights dipped by 79 million dollars to 18.01 billion dollars. The country's Reserve position in the International Monetary Fund decreased by 11 million dollars to 5.02 billion dollars. Xinhu

E

India's foreign exchange reserves dip to 4-month low

STORY: India's foreign exchange reserves dip to 4-month low DATELINE: Sept. 23, 2023 LENGTH: 00:01:18 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of Reserve Bank of India 3. various of banks 4. various of market STORYLINE: India's foreign exchange reserves dipped by 860 million U.S. dollars to 593.037 billion dollars during the week ended Sept. 15, showed data released by the country's central bank, the Reserve Bank of India (RBI), on Friday. This was the second consecutive week when the South Asian country's forex reserves declined. During the week ended Sept. 8, the forex decreased by 4.99 billion dollars to 593.90 billion dollars. The current value of forex reserves is said to be at a four-month low. The fall in forex reserves is attributed to the steps taken by the RBI to defend the Indian rupee amid pressures caused majorly by global developments since last year. The foreign currency assets, a major component of the forex reserves, also decreased

E

Turkish gendarmerie forces crack cyber fraud, detain 4

STORY: Turkish gendarmerie forces crack cyber fraud, detain 4 DATELINE: Sept. 5, 2023 LENGTH: 00:00:55 LOCATION: ISTANBUL, Türkiye CATEGORY: LAW SHOTLIST: 1. various of police officers searching the house under operation in Istanbul, Türkiye 2. various of police officers taking arrested suspects to the police station in Istanbul, Türkiye STORYLINE: Turkish gendarmerie forces have cracked a cyber fraud network and detained four suspects after a six-month campaign, Istanbul Governor's Office announced on Monday. The office said that Istanbul's anti-cyber crimes teams discovered that the suspects had collected 5 billion Turkish liras (about 187 million U.S. dollars) with promises of "high profits." Acting upon a tip-off, the teams followed the activities of a so-called investment company, Idol Forex, which posted a series of advertisements on social media platforms, promising "high profits" to those who contacted them. The teams found that the network first bought gold with the money obtained from fraud an

E

Zimbabwean currency gains ground against U.S. dollar as forex rate volatility eases

STORY: Zimbabwean currency gains ground against U.S. dollar as forex rate volatility eases DATELINE: July 29, 2023 LENGTH: 00:03:39 LOCATION: Harare CATEGORY: ECONOMY SHOTLIST: 1. STANDUP 1 (English): TAFARA MUGWARA, Xinhua reporter 2. various of people counting currency 3. SOUNDBITE 1 (English): ZVIKOMBORERO SIBANDA, Economic Analyst 4. various of vendors and people on the streets 5. STANDUP 2 (English): TAFARA MUGWARA, Xinhua reporter 6. SOUNDBITE 2 (English): LUCY KUWENGWA, Local resident 7. SOUNDBITE 3 (Shona): SAMUEL PFANI, Street vendor STORYLINE: The Zimbabwean dollar continued to gain ground following government measures aimed at stabilizing foreign exchange rate and curbing a freefall that had resulted in soaring prices. The currency traded at 4,517 Zimbabwean dollars per U.S. dollar on wholesale foreign exchange auction Thursday, up from 6,713 per U.S. dollar recorded on June 16, central bank figures showed. STANDUP 1 (English): TAFARA MUGWARA, Xinhua reporter "The Zimbabwean dollar continues t

E

ZIMBABWE-CURRENCY-INFLATION

(230728) -- HARARE, July 28, 2023 (Xinhua) -- A woman counts Zimbabwe dollar notes in central Harare, Zimbabwe, July 22, 2023. The Zimbabwean dollar continued to gain ground following government measures aimed at stabilizing foreign exchange rate and curbing a freefall that had resulted in soaring prices. TO GO WITH "Economic Watch: Zimbabwean currency gains ground against U.S. dollar as forex rate volatility eases" (Xinhua/Tafara Mugwara)

E

India's forex reserves decline to 593.48 bln USD in May

STORY: India's forex reserves decline to 593.48 bln USD in May DATELINE: May 28, 2023 LENGTH: 00:01:19 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. shot of India gate 2. shots of Reserve Bank of India (RBI) building 3. shots of market area STORYLINE: India's foreign exchange reserves declined by 6.05 billion U.S. dollars during the week ended May 19 to 593.48 billion U.S. dollars, showed the latest data released by the Reserve Bank of India. This situation came after three consecutive weeks seeing the forex reserves rise. In the previous week ended May 12, India's forex reserves rose by 3.55 billion U.S. dollars to reach 599.53 billion U.S. dollars, according to the country's central bank. Earlier this week Commerce and Industry Minister Piyush Goyal said India was in a "comfortable" position for the next five to six years in terms of its forex reserves. "In the worst case, with whatever difficulties anybody may have, India is comfortable for the next five or six years, given (that) o

E

Kenya's forex reserves dip to new low, piling pressure on falling shilling

STORY: Kenya's forex reserves dip to new low, piling pressure on falling shilling DATELINE: April 17, 2023 LENGTH: 00:01:26 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: 1. aerial view of the Nairobi CBD area 2. various of the central bank of Kenya 3. various of a teller counting banknotes 4. aerial view of the Nairobi CBD area 5. various of a teller counting banknotes 6. various of the central bank of Kenya 7. various of the national treasury head office STORYLINE: Kenya's foreign exchange reserves declined 9.42 billion shillings (about 70 million U.S. dollars) last week, piling pressure on the shilling that similarly fell to a new low, the Central Bank of Kenya said in its update of the financial markets released Friday evening. The reserves stood at 6.38 billion dollars at the end of the week, an equivalent of 3.56 months of import cover, according to the apex bank. This was a decline from 6.45 billion dollars or 3.60 months of import cover the previous week. The shilling closed Friday at 135 against

E

Forex counters crowded amid strong yen

OSAKA, Japan - People queue at a foreign exchange counter to convert their yen in Osaka on Aug. 13, 2010, amid the recent strengthening of the Japanese currency.

E

EU to raise issues of market discipline, forex at G-7 meeting

LUXEMBOURG, Luxembourg - Jean-Claude Juncker, prime minister and finance minister of Luxembourg, speaks at a press conference in the premier's office on Feb. 5.

E

Japan, China start direct currency trading

TOKYO, Japan - Photo shows a display for the Chinese yuan-Japanese yen exchange rate, along with the flags of the two countries, in the office of foreign exchange broker Tokyo Forex & Ueda Harlow Ltd. in Tokyo's Nihombashimuromachi district on June 1, 2012, when the two countries began direct trading between the two currencies in Tokyo and Shanghai.

E

Direct trading between Japanese and Chinese currencies

TOKYO, Japan - A display for the Chinese yuan-Japanese yen exchange rate, along with the flags of the two countries, are displayed in the office of foreign exchange broker Tokyo Forex & Ueda Harlow Ltd. in Tokyo's Nihombashimuromachi district on May 31, 2012, on the eve of the start of the direct trading between the two currencies. Authorities of the two countries have said the direct trading will start on June 1 in Tokyo and Shanghai.

E

Japan steps into currency market

TOKYO, Japan - An electronic display board at an online forex trading broker's office in Tokyo shows the dollar having shot up against the yen on Oct. 31, 2011, due to the yen-selling intervention by Japanese authorities. The Japanese Finance Ministry said the intervention was conducted at 10:25 a.m. after the dollar dropped to a fresh postwar low of 75.32 yen in Oceanian trading earlier in the day.

E

Japan steps into forex market to stop yen's rise

TOKYO, Japan - A signboard in Higashishimbashi, Tokyo, shows the dollar trading in the 79 yen level on Aug. 4, 2011, after Japan's monetary authorities intervened in the foreign exchange market to stem the yen's appreciation earlier in the day.

E

Japan steps into forex market to stop yen's rise

TOKYO, Japan - Finance Minister Yoshihiko Noda says to reporters at the ministry building in Tokyo on Aug. 4, 2011, that Japan's monetary authorities intervened in the foreign exchange market to stem the yen's appreciation the same day.

E

G-7 steps into forex market

TOKYO, Japan - Bank of Japan Governor Masaaki Shirakawa speaks to reporters at the Finance Ministry in Tokyo on March 18, 2011, after a conference call with his counterparts and financial chiefs of the Group of Seven advanced economies. The G-7 jointly intervened in the currency market the same day to curb the sharp rise of the yen against the U.S. dollar following a devastating earthquake and tsunami that struck Japan on March 11.

E

G-7 agrees on coordinated forex intervention

TOKYO, Japan - Japanese Finance Minister Yoshihiko Noda (L center) and Bank of Japan Governor Masaaki Shirakawa (R center) are surrounded by reporters at the Finance Ministry in Tokyo on March 18, 2011, after a conference call with their Group of Seven counterparts. The G-7 agreed to step in the currency market in a coordinated manner to prevent the yen's sharp rise following the March 11 devastating earthquake and tsunami in Japan.

E

G-7 agrees on coordinated forex intervention

TOKYO, Japan - Japanese Finance Minister Yoshihiko Noda takes questions from reporters at the Finance Ministry in Tokyo on March 18, 2011, after a conference call with their Group of Seven counterparts the same day. The G-7 agreed to step in the currency market in a coordinated manner to prevent the yen's sharp rise following the March 11 devastating earthquake and tsunami in Japan.

E

Dollar falls below 82-yen line

TOKYO, Japan - A signboard at currency broker Tokyo Forex & Ueda Harlow Ltd. shows the dollar slipping to the upper 81 yen range during the afternoon of Oct. 12, 2010.

E

Dollar slips to lower 82 yen level

TOKYO, Japan - A signboard at currency broker Tokyo Forex & Ueda Harlow Ltd. shows the dollar slipping to the lower 82 yen range in the afternoon of Oct. 8, 2010.

E

Dollar slips to lower 83 yen level

TOKYO, Japan - A signboard at currency broker Tokyo Forex & Ueda Harlow Ltd. shows the dollar slipping to the 83 yen line on the morning of Oct. 6, 2010.

E

Kan says making MOF more transparent is major task, mum on forex

TOKYO, Japan - Japanese Deputy Prime Minister Naoto Kan speaks to reporters in front of his residence in Musashino city in Tokyo on Jan. 7, 2010, a day after being appointed by Prime Minister Yukio Hatoyama to replace Hirohisa Fujii as finance minister.

E

Gov't says excessive forex move undesirable

TOKYO, Japan - Prime Minister Yasuo Fukuda responds to questions by reporters at the prime minister's office on March 13 on the yen's rapid rise against the U.S. dollar and a political deadlock over the selection of the next Bank of Japan governor.

E

U.S. dollar drops to 99 yen level in London

TOKYO, Japan - A board at Tokyo Forex & Ueda Harlow, a foreign exchange broker, shows the U.S. dollar dropping to the 99 yen level in London on March 13. After falling to as low as 100.02 yen during Tokyo trading, the dollar weakened further and hit 99.77 yen at one point in London. The U.S. currency last traded below 100 yen on Nov. 10, 1995, in London.

E

ADB chief urges China make early shift to flexible forex regime

TOKYO, Japan - Asian Development Bank President Haruhiko Kuroda speaks at a press luncheon at the Foreign Correspondents' Club of Japan in Tokyo on June 14. He repeated his mantra that China should shift to a more flexible currency regime at an early date.

E

China's forex policy 'disturbance' to world economy: Utsumi

TOKYO, Japan - Makoto Utsumi, a former Japanese vice minister of finance for international affairs, speaks in a recent interview with Kyodo News. Utsumi said that finance ministers from the Group of Eight nations are likely to engage in heated debate on China's fixed currency system during their meeting in London next week as it represents a ''disturbance'' to the world economy. ''China is forced to buy the U.S. dollar heavily to keep the dollar-peg system, and many of such dollar purchases are sold for the euro and yen as part of efforts to diversify its currency holdings,'' he said.

E

Ex-MOF official doubts China will make quick forex shift

TOKYO, Japan - Zembei Mizoguchi (in file photo), a former Japanese vice finance minister for international affairs and now president of the Japan Center for International Finance, says in a media interview that China making an early shift in its foreign exchange rate policy is unlikely due to potentially enormous negative effects on its economy.

E

Tanigaki says Japan to intervene in forex to curb volatility

TOKYO, Japan - Finance Minister Sadakazu Tanigaki speaks at the Foreign Correspondents' Club of Japan in Tokyo on April 8. Tanigaki said that Japan will continue to intervene in the foreign exchange market to stem sharp fluctuations, which he said could threaten to hurt the country's fight against deflation.

E

Fukui says G-7 to act against excessive forex volatility

TOKYO, Japan - Bank of Japan Governor Toshihiko Fukui gives a lecture at a Tokyo hotel on Sept. 26. He said the Group of Seven (G-7) nations will act to stem volatility in foreign exchange markets if it poses a threat to economic recovery.

E

O'Neill says forex cannot improve Japanese productivity

TOKYO, Japan - U.S. Treasury Secretary Paul O'Neill speaks with the media at the Japan National Press Club in Tokyo on Jan. 23. He indicated that a weak yen cannot revive Japan's long-ailing economy.

E

Dollar falls to 119 yen in Tokyo

TOKYO, Aug. 16 Kyodo - A board at Tokyo Forex & Ueda Harlow, a foreign exchange broker, indicates the U.S. dollar fell below 120 yen at 0:30 a.m. Aug. 16. Brokers said the dollar slipped to the 119 yen level for the first time here since June 7 on worries about the U.S. economy.

E

Miyazawa says no plans to take action on forex

TOKYO, Japan - Finance Minister Kiichi Miyazawa answers questions by reporters Jan. 10 on the split of a Liberal Democratic Party faction he belongs to. Earlier Miyazawa said he is not planning to take any immediate action in the foreign exchange markets amid a weakening of the yen.

E

Dollar hits 18-month high to reach 116 yen level

TOKYO, Japan - The U.S. dollar shots up against the yen in Tokyo on Jan. 5 to break the 116 yen barrier for the first time since July 1999, extending its overnight rally in New York. The signboard at Tokyo Forex & Ueda Harlow shows the U.S. currency fetching 116.90 yen at 11:15 a.m.

E

Dollar climbs to 16-month high against yen

TOKYO, Japan - The U.S. dollar climbs to a 16-month high against the yen on the morning of Dec. 27 in Tokyo on buying prompted by weak Japanese economic data. The signboard at Tokyo Forex & Ueda Harlow showed the dollar rose to 114.26 yen at 11:40 a.m. In the morning, the dollar touched a low of 113.55 yen and a high of 114.35 yen, its highest level in Tokyo since August last year.

E

Dollar drops below 109 yen range in early trading

The dollar temporarily plunges below 109 yen in early trading in Tokyo on Jan. 12, following a 28-month low of 108.21 yen in New York overnight. The display at Tokyo Forex Co., a Tokyo-based foreign exchange brokerage, showed the U.S. currency momentarily marking 108.78 yen. However, the U.S. dollar bounced back sharply on short-covering, topping 111.42 yen at 11 a.m.

E

Dealers prepare for euro trading

Dealers at the Tokyo Forex Co. prepare for the start of euro trading in Tokyo on Jan. 4. The euro - Europe's new single currency which debuted Jan. 1, traded at 132.91-133.14 yen and 1.1754-1758 U.S. dollars at 9 a.m. on the first Tokyo trading day in the new currency.

E

Dollar soars against yen

An unidentified dealer at Tokyo Forex grabs a few moments break during frenetic dollar-yen trading on the morning of Tuesday August 4 in Tokyo. The dollar rose above 146 yen at one stage before easing to the 144 yen level.

E

U.S. dollar hits 7-year high against Japanese yen

The U.S. dollar surges against the Japanese yen in foreign exchange trading in Tokyo on June 8, topping 140 yen for the first time since June 20, 1991. The board at Tokyo Forex Co. shows the dollar trading at 140.62 yen.

E

Dollar jumps against yen

The U.S. dollar shot against the Japanese yen in early foreign exchange trading in Tokyo on May 29. The board at Tokyo Forex Co. shows the dollar fetching 139.10 yen, the first time it topped the 139 yen mark since August 19, 1991.

E

Dollar tops 135 yen level in Tokyo

The dollar surges above the 135 yen line in Tokyo on April 3 to hit a six-and-a-half-year high, reflecting the gloomy outlook for the Japanese economy. Dealers were busily receiving orders for selling yen at Tokyo Forex's Nihombashi office.

E

Kenya's forex reserves fall to 5-year low

STORY: Kenya's forex reserves fall to 5-year low DATELINE: Oct. 10, 2022 LENGTH: 00:01:21 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: 1. shot of the National Treasury of Kenya 2. various of banks in Kenya and banknotes 3. SOUNDBITE (English): PATRICK NJOROGE, Governor of the Central Bank Of Kenya 4. various of containers at the port STORYLINE: Kenya's foreign exchange reserves declined by 12.5 billion shillings (about 103 million U.S. dollars) this week to hit a five-year low as the shilling fell to the lowest level in history against the dollar, the Central Bank of Kenya said in its weekly update of the financial markets. The reserves fell from 7.42 billion dollars last week to 7.32 billion dollars, with the apex bank reported to have sold an unspecified amount of dollars to stabilize the local currency. During the week, the shilling fell to an all-time low of 120.82 against the dollar, the Central Bank said in its update released Friday evening. The shilling has declined 7 percent against the dollar

E

Ex-MOF official doubts China will make quick forex shift

TOKYO, Japan - Zembei Mizoguchi (in file photo), a former Japanese vice finance minister for international affairs and now president of the Japan Center for International Finance, says in a media interview that China making an early shift in its foreign exchange rate policy is unlikely due to potentially enormous negative effects on its economy. (Kyodo)

E

China's forex policy 'disturbance' to world economy: Utsumi

TOKYO, Japan - Makoto Utsumi, a former Japanese vice minister of finance for international affairs, speaks in a recent interview with Kyodo News. Utsumi said that finance ministers from the Group of Eight nations are likely to engage in heated debate on China's fixed currency system during their meeting in London next week as it represents a ''disturbance'' to the world economy. ''China is forced to buy the U.S. dollar heavily to keep the dollar-peg system, and many of such dollar purchases are sold for the euro and yen as part of efforts to diversify its currency holdings,'' he said. (Kyodo)