Indonesian Finance Minister Sri Mulyani Indrawati speaks during the 10th ASEAN finance ministers and central bank governors meeting in Jakarta, Indonesia, August 25, 2023. REUTERS/Willy Kurniawan/File PhotoLONDON : The volatility in foreign currency markets over the last month needs to be monitored and carefully managed Indonesia's finance minister said on Tuesday.
The gyrations in FX markets were linked to higher-for-longer U.S. interest rates that were sucking capital out of emerging markets like a"vacuum cleaner", said Sri Mulyani Indrawati, speaking at an event at the Asia House think tank in London.Indonesia's rupiah recently hit its lowest level since the COVID-19-triggered global market selloff of early 2020.
We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan may need to smooth excessive yen moves, says Finance Minister SuzukiTBILISI : Japanese Finance Minister Shunichi Suzuki said on Friday authorities may need to smooth any excessive yen moves that hurt households and companies."It's desirable for exchange rates to move stably.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Stablecoin Tether steps up monitoring in bid to combat illicit financeLONDON : The world's largest stablecoin, Tether, has stepped up monitoring of how its tokens are used in broader crypto markets and payments in a bid to combat illicit finance, Tether said in a statement on Thursday.Tether, a cryptocurrency pegged to the U.S.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
BT Future of Finance Podcast: Catering to the financial needs of the modern womanWomen are driving the economy with their increased purchasing power. Lee Kim Siang speaks to UOB’s Jacquelyn Tan to find out more.
Source: straits_times - 🏆 5. / 69 Read more »
Thai ex-executive Pichai named finance minister, faces growth challengeBANGKOK: Thai former energy executive Pichai Chunhavajira was named the country's finance minister on Sunday (Apr 28), facing a tough task to revive Southeast Asia's second-largest economy. Pichai, 75, an adviser to
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Thai king taps former energy executive Pichai as finance ministerBANGKOK - Thailand’s king has approved former corporate energy executive and bourse chair Pichai Chunhavajira as finance minister, taking over the role from Prime Minister Srettha Thavisin, the official Royal Gazette said on April 28.
Source: The Straits Times - 🏆 8. / 63 Read more »
Funding Societies, SGeBIZ to offer embedded finance solution for SG businessespstrongThe solution aims to help businesses manage their cash flow./strong/p pFunding Societies has entered into a strategic partnership with E-Business (SGeBIZ) to bring business-to-business (B2B) embedded finance solutions to businesses in Singapore.
Source: SBRMagazine - 🏆 13. / 51 Read more »