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Sri Lanka financial turns $1.3bn in to deficit in 2023 amid heavy repayments

Sri Lanka's external financial account turned negative in 2023, official data show as bilateral lenders stopped financing the government, multilaterals had to be paid, and banks repaid credit lines ... read more

Russia's frozen assets could provide game-changing $300bn for Ukraine

Russia's central bank said the assets were mainly invested in foreign securities, bank deposits and nostro correspondent accounts. The banks biggest bond holdings were in the sovereign bonds of China, ... read more

Sri Lanka single borrower limits cut to 25-pct of bank capital, SOEs also included

Sri Lanka's central bank has issued directions limiting loans to a singe borrower or a group of connected customers to 25 percent of Tier I capital, with state enterprises which turned out to be the ... read more

ExecutiveChat: ‘Have been in banking all my life’

The way we are going to earn it is that. Secondly, you will be aware that on Thursday, the 4th of April, His Excellency the President came to the central bank. We opened the vaults for him to see what ... read more

‘I’ll crush the black market’ … RBZ boss vows to smash US$2,5bn menace, bring stability

In an exclusive interview after rolling out a bold monetary policy ‘recalibration’, which ushered in a gold-backed currency called ZiG, Mushayavanhu said he had in place concrete measures to push ... read more

GOVERNOR : I WILL CRUSH BLACK MARKET

THE sparks of confidence from a seasoned banker gleamed around the new central bank chief, John Mushayavanhu, this week as he pledged to ... read more

14:10 Southwell

Follow horse racing with Alex Hammond on Sky Sports - get live racing results, racecards, news, videos, photos, stats (horses & jockeys), plus daily tips. read more