Foreign Exchange in a sentence

Central banks intervene in the foreign exchange market to reduce volatility in the exchange rate and often to build foreign exchange reserves or to manage these reserves.

In practice, the CBoC monetary policy is guided by an inflation targeting regime, while the foreign exchange policy is led by a floating exchange rate and, although unusual, the bank reserves the right to intervene in the foreign exchange markets.

A currency trader watches computer monitors near the screens showing the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Friday, May 19, 2023.

Like Khan, Dr Muda Yusuf, renowned economist said the outlook for foreign exchange would be influenced largely by developments around the fundamentals of supply and demand of foreign exchange.

She stressed the refinery’s potential to save Nigeria significant foreign exchange currently spent on offshore refining, which could alleviate the country’s foreign exchange challenges.

Represents the difference between prior year sales valued at the actual prior year foreign exchange rates and prior year sales valued at current year foreign exchange rates.

He assured that the apex bank would remain committed to ensuring that all the sectors of the foreign exchange market continued to enjoy access to the needed foreign exchange.

According to Okoroafor, the feedback from the wholesale and retail segments of the Nigerian Foreign Exchange markets showed that customers are satisfied with their level of access to foreign exchange.

According to the report, rising oil prices, new foreign exchange measures, attractive yields on government securities, and a tighter monetary policy have made foreign exchange more readily available and helped contain inflation.

The central bank suspended issuance of new licenses for foreign exchange bureaus over the past three months to conduct thorough inspections of existing foreign exchange retail bureaus, Luoga said.

Dependent on a few vulnerable crops for its foreign exchange earnings and reliant on imported oil, Ethiopia lacks sufficient foreign exchange.

Differential rates were used to hold down the cost of foreign exchange for most imports, again with the dominant goal of holding down inflation, while higher prices of foreign exchange were paid to exporters to protect their incentives to export.

Sierra Leone operates a floating exchange rate system, and foreign currencies can be exchanged at any of the commercial banks, recognised foreign exchange bureaux and most hotels.

The country operates a floating exchange rate system, and foreign currencies can be exchanged at any of the commercial banks, recognized foreign exchange bureaux and most hotels.

The government sought privatization of these industries, and issued incentives such as exemptions from income tax, preferential treatment in allocation of foreign exchange for imports, and provisions for remittance of foreign exchange abroad.

The shortage of foreign exchange because of a chronic trade deficit, a large foreign debt, and dwindling foreign aid has constrained economic development.

Exchange rate policy should focus on rebuilding foreign exchange reserves.

The modality of the forex auctions is that ADBs bid to sell foreign exchange to the central bank at prices or exchange rates freely determined by each participating bank.

It noted that the move aimed at rectifying the persisting distortions in the retail segment of Nigeria’s foreign exchange market and bridge the widening gap in the exchange rate.

Key areas of focus include currency and exchange rate stability, financial sector stability, money supply growth, foreign exchange mobilization, and promoting increased demand for the local currency.