Latest Reserve assets News

Argentina squeezes foreign travel to protect its dollars

Nov. 26, 2021 15:07 PM EST

BUENOS AIRES, Argentina (AP) — Argentina's government launched measures on Friday to discourage foreign travel as a way to protect the country's thin dollar reserves ahead of heavy debt payments. The Central Bank banned use of credit card installment payments for...

Sri Lanka heeds protests, lifts ban on agrochemical imports

Nov. 24, 2021 10:46 AM EST

COLOMBO, Sri Lanka (AP) — Sri Lanka's government has withdrawn a ban on imports of agrochemicals that it said was aimed at encouraging organic cultivation. Agriculture Minister Mahindananda Aluthgamage announced on Wednesday the revocation of the ban, which took effect...

Pakistan: Saudi Arabia to deposit $3 billion with state bank

Oct. 27, 2021 04:24 AM EDT

ISLAMABAD (AP) — Pakistan said Wednesday that Saudi Arabia will deposit $3 billion into its central bank to help bolster the cash-strapped fellow Islamic nation’s shrinking foreign reserves. Shaukat Tarin, Pakistan's top finance ministry official, also said on Twitter...

Company behind Tether 'token' fined $41M by US regulators

Oct. 15, 2021 19:04 PM EDT

The company behind a digital token called Tether has agreed to pay $41 million to settle charges that it misled investors by claiming the token was fully backed at all times by U.S. dollars and other fiat currencies. The Commodity Futures Trading Commission said Friday it...

Lebanon raises fuel prices for 2nd time in 5 days

Sep. 22, 2021 07:46 AM EDT

BEIRUT (AP) — Lebanon’s new government raised the price of fuel on Wednesday by 16%, the second time in five days, part of a gradual lifting of subsidies in the crisis-struck country. The new hike brings the price of fuel, in short supply, closer to black market...

With foreign funds frozen, Afghan aid groups stuck in limbo

Sep. 16, 2021 02:12 AM EDT

DUBAI, United Arab Emirates (AP) — A month after the fall of Kabul, the world is still wrestling with how to help Afghanistan’s impoverished people without propping up their Taliban leaders — a question that grows more urgent by the day. With the Afghan government...

Lebanese president wants to resume bailout talks with IMF

Sep. 13, 2021 11:58 AM EDT

BEIRUT (AP) — Lebanon’s new government held its first meeting Monday with a call by the president to resume talks with the International Monetary Fund to help kick-start its recovery from one of the world's worst economic crises in more than a century. The 24-member...

UN report: Afghanistan teeters on brink of universal poverty

Sep. 10, 2021 00:39 AM EDT

UNITED NATIONS (AP) — Afghanistan is teetering on the brink of “universal poverty” that could become a reality in the middle of next year unless urgent efforts are made to bolster local communities and their economies, the United Nations development agency said in a report launched...