Horizon FX’s Post

Fitch Ratings affirms 'BB-(EXP)' for NBU's upcoming US dollar eurobonds The expected rating is the same as NBU's Long-Term Issuer Default Rating (IDR) of 'BB-'. This is because the bonds will be senior unsecured obligations of the bank, meaning they will be treated the same as its other senior unsecured debts. 👉Details: https://lnkd.in/dT47JUhk #DaryoNews #FitchRatings #NBU #Eurobonds #BBRating #Finance #Investment #Banking #SeniorUnsecuredBonds #USDBonds #IssuerDefaultRating #CreditRating #UzbekistanFinance

BOC Rate Statement Alert! CAD volatility expected as traders react to key interest rate decisions! Overnight rate: interest rate on overnight loans Rate hike: CAD strengthens Rate cut: CAD weakens Stay Tuned! #HorizonFXTrading #HorizonFXNews #HorizonFXBrokerage #ForexTrading #UAE #Pakistan #TradingNews #NASDAQ #SP500

#SBP reserves fall $228m to $11.85bn  The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $228 million or 1.89% WoW to $11.85 billion during the week ended on December 20, 2024, data released by State Bank of Pakistan showed on Thursday. SBP attributed this decline to external debt repayment. Read the full story at https://lnkd.in/d5s_yZBb

Foreign Exchange Reserve: 31-May-2024 In the week ended on 24 May 2024, foreign exchange reserves held by the State Bank decreased by USD 63mn to USD 9.09bn due to external debt repayments. Whereas reserves held by commercial banks declined by USD 207mn to USD 5.22bn. Total reserves held by the country stands at USD 14.31bn. #PSX #KSE100 #ExchangeReserve #USD

FX reserves down by 0.2% WoW The SBP reserves are down by 0.1% WoW (US$15mn) to US$11.7bn. Total reserves (US$16.4bn) now represent an import cover of 2.2 months. Commercial banks are down by 0.3% WoW (US$16mn) to US$4.7bn.

Dive into the world of international savings with IOB’s USD Denominated FCNR B Deposits! Safeguard your finances in a strong currency, enjoy competitive interest rates, and pave the way for a prosperous future. #IObfcnr https://lnkd.in/g7q5QCPn #IOB #IndianOverseasBank #DFS #RBI #NRI #Deposit #USDollar #euro #GBP #invest #investments #returnoninvestment #HighReturns #market

FX reserves down by 1.6% WoW The SBP reserves are down by 2.4% WoW (US$276mn) to US$11.4bn. Total reserves (US$16.2bn) now represent an import cover of 2.0 months. Commercial banks are up by 0.3% WoW (US$15mn) to US$4.7bn.

Capital Account Transaction under FEMA Knowledge Series : *Rate of Interest in ECB.* Please take note of the revised process as per trail mail. RBI vide circular RB1/2021-22/135 A.P. (DIR Series) Circular No. 19 dated December 08, 2021 has communicated to convert all existing LIBOR linked ECB/TC to respective Alternative Reference Rate (ARR). So, customer needs to revise the all in cost of ECB and provide revised ECB along with other supporting documents. However, in some cases, it is noticed that customer is still following the Libor linked interest rate/ All in cost. Customers need to submit revised ECB documentation to AD Bank. Please connect with your AD for any further clarification. #fema #ecb #internationalbanking #arr #knowledge

FX reserves down by 0.8% WoW The SBP reserves are down by 0.7% WoW (US$76mn) to US$11.4bn. Total reserves (US$16.1bn) now represent an import cover of 2.0 months. Commercial banks are down by 1.3% WoW (US$61mn) to US$4.7bn.

Pakistan’s short-term FX liabilities reach $29.1bn Due to maturing foreign currency loans, securities, and deposits, Pakistan's foreign currency assets are expected to see a net outflow of $29.1 billion in the short term, according to data released by the State Bank of Pakistan (SBP). The total outflow is categorized based on residual maturity, with the most pressing concern being the more than three months up to one-year segment, which accounts for a substantial $23.3bn in net drains. https://lnkd.in/egUYe_xj