central banks

Can Bitcoin Survive Central Banks' Scrutiny?

Bernama - Muslimchronicle

With threats of serious financial crime looming with the emergence of new technologies, including cryptocurrencies, can bitcoin survive scrutiny from central banks globally? Amid growing warnings of a market bubble, central banks, such as that of China, have restricted cryptocurrencies trading, which sent the virtual currency dropping as much as 40 per cent since reaching a record high of US$4,921Read more

Gold edges down on caution ahead of key central bank meetings

London - Muslimchronicle

Gold inched lower on Monday as investors remained cautious ahead of policy meetings of three major central banks, while keeping an eye on the appointment of the next US Federal Reserve chair. The market is awaiting cues from the meetings of the Federal Open Market Committee (FOMC) and central banks of England and Japan this week. US President Donald TrumpRead more

IMF sounds alert over debt in largest economies

Washington - Muslimchronicle

For the first time in years the International Monetary Fund is optimistic about global economic growth. But it sees a new problem: mounting debt in the world’s largest countries. “Debt levels are increasing in G20 economies,” Tobias Adrian, who heads the IMF’s monetary and capital markets division, said Wednesday. Among private businesses in those countries, leverage is higher than beforeRead more

Arab Monetary Fund Organizes 3rd Meeting of Arab Credit Information Committee

Abu Dhabi - QNA

The third meeting of the Arab Committee on Credit Information of the Board of Governors of Arab Central Banks and Arab Monetary Institutions kicked off Wednesday in Abu Dhabi. Managers responsible for credit information systems and risk centers in Arab central banks, as well as managers of Arab credit bureaus and companies, and experts from the International Finance Corporation (IFC)Read more

BIS: Central banks taking ‘back seat’ in crisis response

Zurich - Arab Today

In the aftermath of this quarter’s market rattling events, such as Donald Trump’s election win, central banks “took a back seat,” the Bank of International Settlements (BIS) said, describing the trend as “healthy.” The Switzerland-based BIS, known as the central bank of central banks, made the comments in its quarterly review of global economic trends. BIS monetary and economic departmentRead more