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4 days ago · Ratio of central bank assets to GDP. Central bank assets are claims on domestic real nonfinancial sector by the Central Bank. Claims on domestic real nonfinancial sector by the Central Bank as a share of GDP, calculated using the following deflation method: { (0.5)* [Ft/P_et + Ft-1/P_et-1]}/ [GDPt/P_at] where F is Central Bank claims, P_e is ...
1 day ago · This is a list of diplomatic missions in the United States.At present, 178 nations maintain diplomatic missions to the United States in the capital, Washington, D.C. Being the seat of the Organization of American States, the city also hosts missions of its member-states, separate from their respective embassies to the United States.
5 days ago · The European Central Bank (ECB) is the central bank of the Eurozone, a collective of European countries that use the euro as their sole official currency. The ECB is responsible for administering monetary policy and safeguarding the value of the euro. Given the relative size of the Eurozone economy, actions undertaken by the ECB garner nearly ...
1 day ago · Nigerian local currency, Naira, has witnessed a continued depreciation in the official market after closing the market on Friday, exchanging against the United States Dollar at ₦1,466.31. According to the Nation Autonomous Foreign Exchange Market (NAFEM), the exchange rate between the dollar and naira saw an increase of ₦40 from Thursday to Friday, closing at […]
4 days ago · Chile's inflation rate, which hit 30-year-highs in 2022, has been converging to the bank's 3% target, pushing the bank to lower its benchmark interest rate from a high of 11.25% to its current ...
1 day ago · The Economic and Financial Crimes Commission (EFCC) has issued a strong warning to foreign missions operating in Nigeria, prohibiting them from conducting transactions in foreign currencies and requiring them to use the Naira for their financial activities.
1 day ago · Section 20(1) of the Central Bank of Nigeria Act, 2007 makes currencies issued by the apex bank the only legal tender in Nigeria. “It states that ‘the currency notes issued by the Bank shall be the legal tender in Nigeria on their face value for the payment of any amount’.
