ACTIVITIES on the parallel market will now be classified as money laundering, the Ministry of Finance says. The move is a bold attempt to curb currency manipulation and stabilise the economy. (more…)
DIRECT short-term insurers reported a foreign-currency-denominated insurance revenue of US$174,80 million during the fourth quarter of 2023, making up a significant portion of the total insurance revenue compared to the local currency. (more…)
FIRST, we need to define what a currency does in any economy. It acts as a means of exchange, I can take a piece of paper with printing on it and security features, hand it to another person in exchange for goods and services. Secondly it is a…