Summary Afghan central bank short of cash to fund economy Cash squeeze hurting ordinary Afghans Assessment written for lenders criticises central bank Official defends its actions, but says some money ‘stolen’ FRANKFURT/MUMBAI, Sept 29 – The Afghan central bank ran down most of its U.S. dollar cash reserves […]
Red-faced bank bosses in Australia admitted to an embarrassing error Thursday, revealing their state-of-the-art $50 note had a typo. The yellow and green note, which is worth around US$35, came into circulation last October. It has multiple security features — including microprint of a speech by Australia’s first […]
NEW DELHI — India’s central bank has lowered its key interest rate by a quarter of a percentage point to 6% to strengthen domestic growth ahead of a national election next week. The interest rate is what the federal bank charges on lending to commercial banks. Lower interest […]
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