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These difficulties have arisen despite the sharp rise in oil output to nearly 143 million barrels last year, from which the government received some USD1.6bn in revenues. Oil…
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DOI: 10.1108/OXAN-DB286685
ISSN: 2633-304X
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The initiative follows the passage of a new monetary and banking law in June that enhanced the central bank’s independence, which included authorisation for it to introduce…
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DOI: 10.1108/OXAN-DB282995
ISSN: 2633-304X
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There are several arguments in favour of the new law, among them the simplification of foreign exchange rules and the facilitation of international transactions. However, the law…
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DOI: 10.1108/OXAN-DB267568
ISSN: 2633-304X
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The Central Bank's 2015 monetary programme.
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DOI: 10.1108/OXAN-DB198070
ISSN: 2633-304X
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Implications of change in the energy futures markets.
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DOI: 10.1108/OXAN-DB198955
ISSN: 2633-304X
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The move has resulted in official rates depreciating sharply and converging with the parallel market rate; the spread has narrowed to just 16%. The change in policy means that the…
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DOI: 10.1108/OXAN-DB281160
ISSN: 2633-304X
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The Syrian pound’s weakening beyond 1,000 to the dollar on the parallel market has exposed the chronic weakness of the economy, even as President Bashar al-Assad’s forces move…
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DOI: 10.1108/OXAN-DB250434
ISSN: 2633-304X
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Politics and exchange rate reform.
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DOI: 10.1108/OXAN-DB225169
ISSN: 2633-304X
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Finance Minister Wale Edun on October 23 announced that a major inflow of USD10bn was expected in the coming weeks to ease liquidity in the foreign exchange market. The…
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DOI: 10.1108/OXAN-DB283588
ISSN: 2633-304X
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With second-quarter targets unmet, the deal was delayed by conflicting positions on fiscal and exchange policies. Economy Minister Sergio Massa’s recent policy package paved the…