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China's upbeat economic prospects underpin yuan's long-term strength

STORY: China's upbeat economic prospects underpin yuan's long-term strength DATELINE: Sept. 16, 2023 LENGTH: 00:01:57 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of the views in China 2. SOUNDBITE 1 (English): BISHNU PUKAR SHRESTHA, Nepal's Ambassador to China 3. SOUNDBITE 2 (English): HARLEY SEYEDIN, President of American Chamber of Commerce in South China STORYLINE: Despite short-term fluctuations, the Chinese yuan has been able to maintain its basic stability in the longer term. On Friday, the central parity rate of the yuan strengthened for a fifth consecutive trading day against the U.S. dollar, 88 pips firmer from the previous trading day to 7.1786, according to the China Foreign Exchange Trade System (CFETS). This marks the yuan's strongest level in nearly two weeks. The yuan's central parity rate has strengthened by 364 pips against the greenback this week. Yuan's return to strength this week came after the country's central bank, the PBOC, pledged to resolutely fend off risks o

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UN envoy to Libya praises unity of Libyans against flood

STORY: UN envoy to Libya praises unity of Libyans against flood DATELINE: Sept. 16, 2023 LENGTH: 00:00:57 LOCATION: Tripoli CATEGORY: SOCIETY SHOTLIST: 1. various of flood-hit areas STORYLINE: Abdoulaye Bathily, special representative of the UN Secretary-General for Libya, on Thursday said the Libyan people "have set a great example of unity, compassion and resilience" in the face of the devastating flood disaster triggered by Hurricane Daniel. "Today, I see one united Libya, no east, west, or south. I urge all Libyan authorities and institutions to continue coordinating their response efforts," Bathily tweeted. Mohieddin Monji, spokesperson of the Ministry of Health of the Tripoli-based Government of National Unity, said on Thursday the ministry sent field hospitals and medical professionals to eastern Libya to detect and contain any possible diseases in the flood-hit areas. Libya's eastern-based House of Representatives (parliament) decided to allocate 10 billion dinars (2.06 billion U.S. dollar

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Türkiye's central bank doubles daily limits for rediscount credits to boost exports

STORY: Türkiye's central bank doubles daily limits for rediscount credits to boost exports DATELINE: Sept. 13, 2023 LENGTH: 00:01:31 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish Central Bank 2. various of Turkish Lira and U.S. dollar 3. various of shipping trade in Türkiye (courtesy of Ihlas news agency) 4. various of Turkish Treasury and Finance Minister Mehmet Simsek 5. various of shipping trade in Türkiye (courtesy of Ihlas news agency) 6. various of Turkish Central Bank Governor Hafize Gaye Erkan 7. various of Turkish Central Bank STORYLINE: The Turkish Central Bank said on Tuesday it had raised daily limits of the banks for utilization of rediscount credits for export and foreign exchange earning services to 3 billion liras (111.5 million U.S. dollars) from 1.5 billion liras in a bid to boost exports. "While extending rediscount credits, increase in the share of SMEs (small and medium enterprises) and export performance will be taken into account as has been the case," the centr

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Egypt denies imposing new fees on incoming tourists

STORY: Egypt denies imposing new fees on incoming tourists DATELINE: Sept. 12, 2023 LENGTH: 00:00:53 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of hotels in Cairo 2. various of tourists STORYLINE: The Egyptian Council of Ministers refuted the imposition of new fees on tourists entering Egypt, other than the applicable visa fees for certain countries. It clarified that the decision to levy a fee of 1,000 U.S. dollars was irrelevant to tourists visiting Egypt for tourism purposes, but rather pertained to the controls of legalization and reconciliation of conditions for foreigners residing illegally in Egypt. According to a decision by the Council of Ministers, foreigners who apply for the right of residence for tourism or other purposes at the General Administration of Passports, Immigration and Nationality, are required to present a receipt that shows they have converted the amount of (residence fees - penalties for delay - charges for issuing a residence card) from the dollar or currency equi

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Turkish Lira Still Falling

Turkish Lira banknotes are seen on August 16, 2022 in Ankara, Turkey. The lira has fallen almost 13 % against the U.S. dollar in the last three months, making exports of the Turkish goods more attractive, but also raising prices of imports for the country's consumers. Recent rises in central bank interest rates have helped stave off further declines in the currency. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM

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Turkish Lira Still Falling

Turkish Lira banknotes are seen on August 16, 2022 in Ankara, Turkey. The lira has fallen almost 13 % against the U.S. dollar in the last three months, making exports of the Turkish goods more attractive, but also raising prices of imports for the country's consumers. Recent rises in central bank interest rates have helped stave off further declines in the currency. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM

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Turkish Lira Still Falling

Turkish Lira banknotes are seen on August 16, 2022 in Ankara, Turkey. The lira has fallen almost 13 % against the U.S. dollar in the last three months, making exports of the Turkish goods more attractive, but also raising prices of imports for the country's consumers. Recent rises in central bank interest rates have helped stave off further declines in the currency. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM

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Turkish Lira Still Falling

Turkish Lira banknotes are seen on August 16, 2022 in Ankara, Turkey. The lira has fallen almost 13 % against the U.S. dollar in the last three months, making exports of the Turkish goods more attractive, but also raising prices of imports for the country's consumers. Recent rises in central bank interest rates have helped stave off further declines in the currency. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM

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Turkish Lira Still Falling

Turkish Lira banknotes are seen on August 16, 2022 in Ankara, Turkey. The lira has fallen almost 13 % against the U.S. dollar in the last three months, making exports of the Turkish goods more attractive, but also raising prices of imports for the country's consumers. Recent rises in central bank interest rates have helped stave off further declines in the currency. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM

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Turkish Lira Still Falling

Turkish Lira banknotes are seen on August 16, 2022 in Ankara, Turkey. The lira has fallen almost 13 % against the U.S. dollar in the last three months, making exports of the Turkish goods more attractive, but also raising prices of imports for the country's consumers. Recent rises in central bank interest rates have helped stave off further declines in the currency. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM

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Turkish Lira Still Falling

Turkish Lira banknotes are seen on August 16, 2022 in Ankara, Turkey. The lira has fallen almost 13 % against the U.S. dollar in the last three months, making exports of the Turkish goods more attractive, but also raising prices of imports for the country's consumers. Recent rises in central bank interest rates have helped stave off further declines in the currency. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM

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Turkish Lira Still Falling

Turkish Lira banknotes are seen on August 16, 2022 in Ankara, Turkey. The lira has fallen almost 13 % against the U.S. dollar in the last three months, making exports of the Turkish goods more attractive, but also raising prices of imports for the country's consumers. Recent rises in central bank interest rates have helped stave off further declines in the currency. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM

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Chinese Yuan USD Exchange Rate

FUYANG, CHINA - SEPTEMBER 8, 2023 - Photo taken on Sept 8, 2023 shows U.S. dollars in Fuyang city, East China's Anhui province. The renminbi fell below its previous lows against the US dollar in both onshore and offshore markets as the greenback continued to strengthen. On September 8, the spot exchange rate of the renminbi hit 7.34 against the dollar at the opening, breaking through the low of early November last year and hitting a new low since the end of 2007. (Photo by Costfoto/NurPhoto)

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Chinese Yuan USD Exchange Rate

FUYANG, CHINA - SEPTEMBER 8, 2023 - Photo taken on Sept 8, 2023 shows U.S. dollars in Fuyang city, East China's Anhui province. The renminbi fell below its previous lows against the US dollar in both onshore and offshore markets as the greenback continued to strengthen. On September 8, the spot exchange rate of the renminbi hit 7.34 against the dollar at the opening, breaking through the low of early November last year and hitting a new low since the end of 2007. (Photo by Costfoto/NurPhoto)

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Chinese Yuan USD Exchange Rate

FUYANG, CHINA - SEPTEMBER 8, 2023 - Photo taken on Sept 8, 2023 shows U.S. dollars in Fuyang city, East China's Anhui province. The renminbi fell below its previous lows against the US dollar in both onshore and offshore markets as the greenback continued to strengthen. On September 8, the spot exchange rate of the renminbi hit 7.34 against the dollar at the opening, breaking through the low of early November last year and hitting a new low since the end of 2007.

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Chinese Yuan USD Exchange Rate

FUYANG, CHINA - SEPTEMBER 8, 2023 - Photo taken on Sept 8, 2023 shows U.S. dollars in Fuyang city, East China's Anhui province. The renminbi fell below its previous lows against the US dollar in both onshore and offshore markets as the greenback continued to strengthen. On September 8, the spot exchange rate of the renminbi hit 7.34 against the dollar at the opening, breaking through the low of early November last year and hitting a new low since the end of 2007.

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China Foreign Exchange Reserves

FUYANG, CHINA - SEPTEMBER 8, 2023 - Photo taken on Sept 8, 2023 shows U.S. dollars in Fuyang City, East China's Anhui Province. According to statistics released by China's State Administration of Foreign Exchange on September 7, as of the end of August 2023, the scale of China's foreign exchange reserves was 3,160.1 billion US dollars, down 44.2 billion US dollars, or 1.38%, from the end of July. (Photo by Costfoto/NurPhoto)

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China Foreign Exchange Reserves

FUYANG, CHINA - SEPTEMBER 8, 2023 - Photo taken on Sept 8, 2023 shows U.S. dollars in Fuyang City, East China's Anhui Province. According to statistics released by China's State Administration of Foreign Exchange on September 7, as of the end of August 2023, the scale of China's foreign exchange reserves was 3,160.1 billion US dollars, down 44.2 billion US dollars, or 1.38%, from the end of July. (Photo by Costfoto/NurPhoto)

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China Foreign Exchange Reserves

FUYANG, CHINA - SEPTEMBER 8, 2023 - Photo taken on Sept 8, 2023 shows U.S. dollars in Fuyang City, East China's Anhui Province. According to statistics released by China's State Administration of Foreign Exchange on September 7, as of the end of August 2023, the scale of China's foreign exchange reserves was 3,160.1 billion US dollars, down 44.2 billion US dollars, or 1.38%, from the end of July. (Photo by Costfoto/NurPhoto)

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China Foreign Exchange Reserves

FUYANG, CHINA - SEPTEMBER 8, 2023 - Photo taken on Sept 8, 2023 shows U.S. dollars in Fuyang City, East China's Anhui Province. According to statistics released by China's State Administration of Foreign Exchange on September 7, as of the end of August 2023, the scale of China's foreign exchange reserves was 3,160.1 billion US dollars, down 44.2 billion US dollars, or 1.38%, from the end of July. (Photo by Costfoto/NurPhoto)

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China Foreign Exchange Reserves

FUYANG, CHINA - SEPTEMBER 8, 2023 - Photo taken on Sept 8, 2023 shows U.S. dollars in Fuyang City, East China's Anhui Province. According to statistics released by China's State Administration of Foreign Exchange on September 7, as of the end of August 2023, the scale of China's foreign exchange reserves was 3,160.1 billion US dollars, down 44.2 billion US dollars, or 1.38%, from the end of July. (Photo by Costfoto/NurPhoto)

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China Foreign Exchange Reserves

FUYANG, CHINA - SEPTEMBER 8, 2023 - Photo taken on Sept 8, 2023 shows U.S. dollars in Fuyang City, East China's Anhui Province. According to statistics released by China's State Administration of Foreign Exchange on September 7, as of the end of August 2023, the scale of China's foreign exchange reserves was 3,160.1 billion US dollars, down 44.2 billion US dollars, or 1.38%, from the end of July. (Photo by Costfoto/NurPhoto)

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China Foreign Exchange Reserves

FUYANG, CHINA - SEPTEMBER 8, 2023 - Photo taken on Sept 8, 2023 shows U.S. dollars in Fuyang City, East China's Anhui Province. According to statistics released by China's State Administration of Foreign Exchange on September 7, as of the end of August 2023, the scale of China's foreign exchange reserves was 3,160.1 billion US dollars, down 44.2 billion US dollars, or 1.38%, from the end of July. (Photo by Costfoto/NurPhoto)

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Egypt's net int'l reserves rises in August

STORY: Egypt's net int'l reserves rises in August DATELINE: Sept. 8, 2023 LENGTH: 0:01:07 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the River Nile in Cairo 2. various of the Central Bank of Egypt 3. various of an accountant counting banknotes 4. various of the Central Bank of Egypt 5. various of banks in Egypt STORYLINE: The Central Bank of Egypt (CBE) said on Thursday the country's net foreign reserves rose to 34.928 billion U.S. dollars in August 2023 from 34.88 billion dollars in the previous month. Egypt's foreign reserves consist of a basket of major international currencies, including the U.S. dollar, the euro, the pound sterling, the Japanese yen, and the Chinese yuan. The Egyptian government seeks to collect 1.5 billion dollars in external financing before the end of 2023, Minister of Finance Mohamed Maait stated on Thursday. The financing plan includes issuing 1 billion worth of yen and yuan bonds, Maait added. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

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US Dollars

FUYANG, CHINA - SEPTEMBER 7, 2023 - A woman checks US dollars in Fuyang city, Anhui province, Sept 7, 2023. (Photo by Costfoto/NurPhoto)

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US Dollars

FUYANG, CHINA - SEPTEMBER 7, 2023 - A woman checks US dollars in Fuyang city, Anhui province, Sept 7, 2023.

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US Dollars

FUYANG, CHINA - SEPTEMBER 7, 2023 - A woman checks US dollars in Fuyang city, Anhui province, Sept 7, 2023.

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US Dollars

FUYANG, CHINA - SEPTEMBER 7, 2023 - A woman checks US dollars in Fuyang city, Anhui province, Sept 7, 2023.

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US Dollars

FUYANG, CHINA - SEPTEMBER 7, 2023 - A woman checks US dollars in Fuyang city, Anhui province, Sept 7, 2023.

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US Dollars

FUYANG, CHINA - SEPTEMBER 7, 2023 - A woman checks US dollars in Fuyang city, Anhui province, Sept 7, 2023.

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