Economy collapses dramatically due to pandemic

Turkey has not been spared from the corona pandemic either: the economy collapsed on a historic scale. There is also a currency crisis. But that’s good for vacationers. The corona crisis caused a historic economic slump in Turkey. The gross domestic product fell from April to June by 11.0 percent compared to the previous quarter, […]

“Kommersant” learned about a new type of fraud using the SBP :: Finance :: RBC

Fraudsters receive information about the client’s accounts, after which they log in as real users and give a command to transfer money, while entering the number of another person, not their account to write off funds Photo: Gavriil Grigorov / TASS Fraudsters have found a new way to withdraw money from bank customers’ accounts using […]

When the RI Way to Close the Budget Deficit is Considered Shocking Page all

JAKARTA, KOMPAS.com – The rupiah is rated as the worst performing currency in Asia throughout the year. This is considered because of the government’s decision to ask the central bank to partially finance its growing budget deficit. Quoted from CNBC, Jakarta, Friday (21/8/2020), sharing the debt burden between the government and Bank Indonesia involves the […]

Zuchovicki: “They can control the dollar, but you can trade with other assets”

He economist Claudio Zuchovicki He gave his opinion on the inflationary blows and the reserve of dollars in the Central Bank and provided details on the current exchange rate in the country. “Those who make decisions today think that inflationary blows are not produced by monetary issue. It is not what I think, but they […]

The end of laborless profits. Banks need to start lending

Because of the pandemic, the central bank cut the key interest rate to 0.25 percent, which does not promise big profits, to which the banks are already adjusting. According to her statistics, the volume of deposits with the central bank fell by about 260 billion to 2.56 trillion crowns from the end of February to […]

“Above all, capital flight drives the Target balance”

Frank Westermann, economics professor at the University of Osnabrück Photo: private With its monetary policy, the ECB supports capital flight to Germany, says Frank Westermann, economics professor in Osnabrück. It’s not without risks. Mr Westermann, the German balance from the European Target 2 payment system has now risen above the one trillion euro mark for […]

Interest rates on mortgage, commercial and consumer loans rise | Economy

According to the indicators of the weekly situation published by the Central Bank, in the week of July 8 to 15 interest rates rose for credits mortgage, also for commercial and of consumption. During this period, the rates of the first loans averaged 2,75%, after an average in the previous week of 2.68%. In the […]

The BCRA appeals to the passes to boost the Negotiable Obligations market in pesos

In its quest to boost the local capital market, the Central Bank (BCRA) determined that corporate Negotiable Obligations (ON) that meet certain technical characteristics may be used by banks as collateral to expand their stock of active passes. The measure, the monetary authority itself reported in a statement, Its objective is “to incentivize the local […]

The BCRA appeals to the passes to boost the Negotiable Obligations market in pesos

In its quest to boost the local capital market, the Central Bank (BCRA) determined that corporate Negotiable Obligations (ON) that meet certain technical characteristics may be used by banks as collateral to expand their stock of active passes. The measure, the monetary authority itself reported in a statement, Its objective is “to incentivize the local […]