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)

Foreign investments in Uzbekistan nearly doubled in 2023, president says

STORY: Foreign investments in Uzbekistan nearly doubled in 2023, president says SHOOTING TIME: May 2, 2024 DATELINE: May 2, 2024 LENGTH: 00:00:39 LOCATION: Tashkent CATEGORY: ECONOMY SHOTLIST: 1. various of the forum STORYLINE: The Uzbek economy has soared in recent years, with foreign investments nearly doubling last year, President Shavkat Mirziyoyev said on Thursday. In his opening speech at the third Tashkent International Investment Forum, held in the capital of Uzbekistan, Mirziyoyev said his country has prioritized economic liberalization, the provision of a favorable investment climate and broad opportunities for entrepreneurs as the main goals of its systemic reforms. "Last year alone, growth rates reached 6 percent, while inflation remained below 9 percent. The trade turnover is steadily increasing. The stability of the national currency and foreign exchange reserves are being maintained," he said. He also noted that over the past years, the country has attracted more than 60 billion

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)

ZIMBABWE-HARARE-GOLD-BACKED CURRENCY-INTRODUCTION

ZIMBABWE-HARARE-GOLD-BACKED CURRENCY-INTRODUCTION

(240406) -- HARARE, April 6, 2024 (Xinhua) -- New governor of Reserve Bank of Zimbabwe (RBZ) John Mushayavanhu presents the 2024 monetary policy statement in Harare, Zimbabwe, April 5, 2024. Zimbabwe on Friday introduced to the market the much-awaited structured currency that monetary authorities expect to foster currency stability and contain rising inflation. The new structured currency, known as the Zimbabwe Gold (ZiG), will be backed by a basket of foreign exchange reserves and precious metals, mainly gold, being held by the Reserve Bank of Zimbabwe (RBZ), or the country's central bank. (Photo by Shaun Jusa/Xinhua)

ZIMBABWE-HARARE-GOLD-BACKED CURRENCY-INTRODUCTION

ZIMBABWE-HARARE-GOLD-BACKED CURRENCY-INTRODUCTION

(240406) -- HARARE, April 6, 2024 (Xinhua) -- This photo taken on April 5, 2024 shows specimens of new Zimbabwean dollar notes in Harare, Zimbabwe. Zimbabwe on Friday introduced to the market the much-awaited structured currency that monetary authorities expect to foster currency stability and contain rising inflation. The new structured currency, known as the Zimbabwe Gold (ZiG), will be backed by a basket of foreign exchange reserves and precious metals, mainly gold, being held by the Reserve Bank of Zimbabwe (RBZ), or the country's central bank. (Photo by Shaun Jusa/Xinhua)

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

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

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

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)

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)

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

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

Chinese Yuan USD Exchange Rate

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.

Chinese Yuan USD Exchange Rate

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.

China Foreign Exchange Reserves

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.

China Foreign Exchange Reserves

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.

China Foreign Exchange Reserves

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.

China Foreign Exchange Reserves

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.

China Foreign Exchange Reserves

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.

China Foreign Exchange Reserves

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.

China Foreign Exchange Reserves

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.

China Foreign Exchange Reserves

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.

China Foreign Exchange Reserves

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.

China Foreign Exchange Reserves

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.

China Foreign Exchange Reserves

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.

China Foreign Exchange Reserves

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.

China Foreign Exchange Reserves

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.

DR Congo announces measures to stabilize its national currency

STORY: DR Congo announces measures to stabilize national currency DATELINE: July 19, 2023 LENGTH: 00:01:19 LOCATION: Kinshasa CATEGORY: ECONOMY SHOTLIST: 1. various of Kinshasa 2. SOUNDBITE 1 (French): NICOLAS KAZADI, DRC Minister of Finance 3. various of Kinshasa STORYLINE: The Minister of Finance of the Democratic Republic of the Congo (DRC), Nicolas Kazadi announced at a press briefing in Kinshasa late Monday urgent measures taken by the government to stabilize the Congolese franc, the currency of the country, on the foreign exchange market. According to the minister, the value of the Congolese franc against the U.S. dollar continued to slide recently. The measures to stabilize the Congolese franc include the intervention of the central bank in the foreign exchange market, and the increase in the utility of the Congolese franc. SOUNDBITE 1 (French): NICOLAS KAZADI, DRC minister of Finance "What are the measures that we are going to take? First, the Central Bank, which disposes of important reserves,

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

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

PAKISTAN-GUJRANWALA-CANOLA FIELD

PAKISTAN-GUJRANWALA-CANOLA FIELD

(230224) -- GUJRANWALA, Feb. 24, 2023 (Xinhua) -- Zhou Xusheng (L), director of the international business department of Wuhan Qingfa Hesheng Seed company, works with a seed expert from Pakistani company Evyol group in canola field on the outskirts of Gujranwala district in Pakistan's Punjab province on Feb. 20, 2023. To help the country meet its edible oil demand and support its foreign exchange reserves, Chinese company Wuhan Qingfa Hesheng and a Pakistani company Evyol group jointly provide high-quality hybrid seeds to Pakistani farmers. TO GO WITH "Feature: Pakistan's oilseed industry to bloom under China-Pakistan agriculture cooperation" (Xinhua/Ahmad Kamal)

PAKISTAN-GUJRANWALA-CANOLA FIELD

PAKISTAN-GUJRANWALA-CANOLA FIELD

(230224) -- GUJRANWALA, Feb. 24, 2023 (Xinhua) -- This aerial photo taken on Feb. 20, 2023 shows blooming canola field on the outskirts of Gujranwala district in Pakistan's Punjab province. To help the country meet its edible oil demand and support its foreign exchange reserves, Chinese company Wuhan Qingfa Hesheng and a Pakistani company Evyol group jointly provide high-quality hybrid seeds to Pakistani farmers. TO GO WITH "Feature: Pakistan's oilseed industry to bloom under China-Pakistan agriculture cooperation" (Xinhua/Ahmad Kamal)

PAKISTAN-GUJRANWALA-CANOLA FIELD

PAKISTAN-GUJRANWALA-CANOLA FIELD

(230224) -- GUJRANWALA, Feb. 24, 2023 (Xinhua) -- This photo taken on Feb. 20, 2023 shows blooming canola field on the outskirts of Gujranwala district in Pakistan's Punjab province. To help the country meet its edible oil demand and support its foreign exchange reserves, Chinese company Wuhan Qingfa Hesheng and a Pakistani company Evyol group jointly provide high-quality hybrid seeds to Pakistani farmers. TO GO WITH "Feature: Pakistan's oilseed industry to bloom under China-Pakistan agriculture cooperation" (Xinhua/Ahmad Kamal)

PAKISTAN-GUJRANWALA-CANOLA FIELD

PAKISTAN-GUJRANWALA-CANOLA FIELD

(230224) -- GUJRANWALA, Feb. 24, 2023 (Xinhua) -- This aerial photo taken on Feb. 20, 2023 shows blooming canola field on the outskirts of Gujranwala district in Pakistan's Punjab province. To help the country meet its edible oil demand and support its foreign exchange reserves, Chinese company Wuhan Qingfa Hesheng and a Pakistani company Evyol group jointly provide high-quality hybrid seeds to Pakistani farmers. TO GO WITH "Feature: Pakistan's oilseed industry to bloom under China-Pakistan agriculture cooperation" (Xinhua/Ahmad Kamal)

PAKISTAN-GUJRANWALA-CANOLA FIELD

PAKISTAN-GUJRANWALA-CANOLA FIELD

(230224) -- GUJRANWALA, Feb. 24, 2023 (Xinhua) -- Zhou Xusheng (L), director of the international business department of Wuhan Qingfa Hesheng Seed company, works with a seed expert from Pakistani company Evyol group in canola field on the outskirts of Gujranwala district in Pakistan's Punjab province on Feb. 20, 2023. To help the country meet its edible oil demand and support its foreign exchange reserves, Chinese company Wuhan Qingfa Hesheng and a Pakistani company Evyol group jointly provide high-quality hybrid seeds to Pakistani farmers. TO GO WITH "Feature: Pakistan's oilseed industry to bloom under China-Pakistan agriculture cooperation" (Xinhua/Ahmad Kamal)

PAKISTAN-GUJRANWALA-CANOLA FIELD

PAKISTAN-GUJRANWALA-CANOLA FIELD

(230224) -- GUJRANWALA, Feb. 24, 2023 (Xinhua) -- This aerial photo taken on Feb. 20, 2023 shows blooming canola field on the outskirts of Gujranwala district in Pakistan's Punjab province. To help the country meet its edible oil demand and support its foreign exchange reserves, Chinese company Wuhan Qingfa Hesheng and a Pakistani company Evyol group jointly provide high-quality hybrid seeds to Pakistani farmers. TO GO WITH "Feature: Pakistan's oilseed industry to bloom under China-Pakistan agriculture cooperation" (Xinhua/Ahmad Kamal)

Malawian government to further develop mining sector

STORY: Malawian government to further develop mining sector DATELINE: Jan. 19, 2023 LENGTH: 0:02:21 LOCATION: Lilongwe CATEGORY: ECONOMY SHOTLIST: 1. various of mining in Malawi 2. SOUNDBITE 1 (English): ALBERT MBAWALA, Malawi Minister of Mining 3. SOUNDBITE 2 (English): ALBERT MBAWALA, Malawi Minister of Mining STORYLINE: Malawi has put in place a five-year mining strategic plan to oversee mining development agreements with investors aimed at maximizing sector revenue contribution to the country's Gross Domestic Product (GDP). Richly endowed with high-value mineral resources, the southern Africa country has made mining one of its priority areas with the aim of increasing its contribution to the country's economy. One of the strongest areas for investment in Malawi is the mining sector. If prioritised, officials say, mining has the potential of contributing at least 20 percent to the southern Africa country's Gross Domestic Product (GDP) and foreign exchange reserves. Despite having such potential, rea

ASEAN-plus-3 agree to launch multilateral currency swap deal

ASEAN-plus-3 agree to launch multilateral currency swap deal

KYOTO, Japan - Finance chiefs from the 10-member Association of Southeast Asian Nations plus Japan, China and South Korea meet in Kyoto on May 5. They agreed to launch a multilateral currency swap scheme by pooling funds from their foreign exchange reserves to better protect their economies from financial crises.

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

Afghanistan receives 40 mln USD in cash humanitarian aid

STORY: Afghanistan receives 40 mln USD in cash humanitarian aid DATELINE: Aug. 3, 2022 LENGTH: 00:01:15 LOCATION: Kabul CATEGORY: ECONOMY SHOTLIST: 1. various of the Da Afghanistan bank and streets views in Kabul STORYLINE: Afghanistan received a fresh batch of 40 million U.S. dollars in cash humanitarian aid and deposited to one of the country's commercial banks, the central bank said in a statement on Monday. "As part of a series of humanitarian aid to Afghanistan, 40 million U.S. dollars in cash arrived in Kabul yesterday (July 31) and was transferred to the Afghanistan International Bank," Da Afghanistan Bank (DBA) said. While thanking the international community for sending humanitarian aid to Afghanistan, the DBA said that the cash aid would be spent transparently. The last tranche of cash provided to Afghanistan as humanitarian aid was 32 million U.S. dollars, which helped the war-torn country increase foreign exchange reserves to prevent a possible economic collapse. Xinhua News Agency

Tunisia to raise interest rate as inflation hits new high

STORY: Tunisia to raise interest rate as inflation hits new high DATELINE: June 12, 2022 LENGTH: 0:01:29 LOCATION: Tunis CATEGORY: ECONOMY SHOTLIST: 1. various of a fast food store in Tunis 2. various of a grocery store in Tunis 3. various of a supermarket in Tunis STORYLINE: Tunisian Central Bank announced on Friday that due to the current high inflation rate in Tunisia, the Central Bank will raise the key interest rate to 7 percent. According to data released by the Central Bank, Tunisia's inflation rate reached 7.8 percent in May, the highest in recent years. The ballooning inflation was driven by the increasing food and energy prices in the international market caused by the conflict between Russia and Ukraine. Tunisia relies on imports for its main food and energy, which has led to a general rise in the domestic prices of various commodities. Tunisia currently has only 8 billion U.S. dollars in foreign exchange reserves. Local economic analysts say that if inflation keeps rising, the local politi

Oil prices cap worst week since 2020 amid reserves release

STORY: Oil prices cap worst week since 2020 amid reserves release DATELINE: April 2, 2022 LENGTH: 00:01:37 LOCATION: NEW YORK, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of refineries near Houston 2. various of gas stations in New York City STORYLINE: Oil prices fell on Friday, capping their worst week in nearly two years, as supply concerns eased on reserves release. The West Texas Intermediate (WTI) for May delivery lost 1.01 U.S. dollars, or 1 percent, to settle at 99.27 dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery decreased 32 cents, or 0.3 percent, to close at 104.39 dollars a barrel on the London ICE Futures Exchange. For the week, the U.S. crude standard and Brent dropped 12.8 percent and 11.1 percent, respectively, based on the front-month contracts. Both benchmarks saw their biggest weekly percentage declines since late April 2020, according to Dow Jones Market Data. Members of the International Energy Agency (IEA) agreed to a new release of oil from eme

ASEAN-plus-3 agree to launch multilateral currency swap deal

ASEAN-plus-3 agree to launch multilateral currency swap deal

KYOTO, Japan - Finance chiefs from the 10-member Association of Southeast Asian Nations plus Japan, China and South Korea meet in Kyoto on May 5. They agreed to launch a multilateral currency swap scheme by pooling funds from their foreign exchange reserves to better protect their economies from financial crises. (Kyodo)