Tag
foreign reserves
3 articles
Philippine Peso's Structural Weakness Deepens as BSP Abandons Reserve Defense
The peso hit a record low of 62.77 per dollar as the central bank shifts strategy, acknowledging that defending reserves is futile amid a 29% widening trade deficit and $103 billion in reserves.
Nigeria Secures $4.5 Billion Oil-Backed Refinancing to Build Reserves, Fund Infrastructure
The National Economic Council approved the facility for NNPC Limited, replacing a $3.3 billion arrangement and freeing capital for infrastructure spending.
Taiwan Legislator Pushes for Bitcoin Reserves, Signaling Massive Institutional Shift
A Taiwanese legislator formally submitted a proposal to allocate a portion of the nation's $602 billion foreign exchange reserves into Bitcoin, marking a pivotal moment for global digital asset integration.