Central Bank
President Lee nominates BIS official Shin Hyun-song as BOK governor
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President Lee Jae Myung nominated Shin Hyun-song, an official at the Bank for International Settlements (BIS), as the new governor of the Bank of Korea (BOK) on Sunday. Shin will replace current Gov. Rhee Chang-yong at the end of his four-year term in April. The choice aims to balance price stability and economic growth amid global uncertainty from the Middle East crisis.
Argentina's Central Bank of the Republic (BCRA) purchased US$48 million in foreign currency on March 27, raising year-to-date acquisitions since January to US$4.037 billion. Gross international reserves reached US$43.712 billion, up US$176 million from the previous day.
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Argentina's Central Bank (BCRA) decided to cut bank reserve requirements by five percentage points starting in April, freeing up liquidity for banks to issue more loans amid recession. Led by Santiago Bausili, the move aims to revive economic activity without derailing inflation control. Analysts note the shift to a more expansionary policy after months of monetary contraction.
The Central Bank of the Republic of Argentina (BCRA) purchased US$42 million in the foreign exchange market, extending its streak to 30 consecutive days of currency acquisitions. Gross international reserves reached US$45.158 million, up US$102 million from the previous day. Since the start of the year, the BCRA has added purchases totaling US$2.089 million, including US$932 million in February.
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Egypt's Central Bank Monetary Policy Committee is expected to cut interest rates by 1-2% at its first 2026 meeting on Thursday. This comes amid core inflation easing to 11.2% in January. Experts support the move to boost economic growth while maintaining stability.
New audios from Elías Piccirillo and Hauque reveal irregularities in a maneuver to buy official dollars. The recordings, incorporated into a judicial case, include claims for a million-dollar debt and warnings about funds of illicit origin. Exchange houses and Central Bank officials are mentioned.
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The Supreme Federal Court released depositions in the Banco Master inquiry, revealing serious irregularities such as only R$ 4 million in cash despite R$ 80 billion in assets. Meanwhile, INSS blocked R$ 2 billion in payments due to unproven loan contracts, and the Credit Guarantee Fund continues reimbursements to investors.
BCRA Buys US$146 Million, Extending FX Purchase Streak Past 50 Days Toward 40% Annual Target
March 22, 2026 00:37BTG Pactual suspends Pix after hacker attack diverts R$ 100 million
March 18, 2026 16:52Copom cuts Selic from 15% to 14.75% amid war uncertainties
March 06, 2026 02:32Russia weighs simplified licensing for bank-run crypto exchanges
March 03, 2026 19:55Brazilian regulators impose strict rules on crypto exchanges
February 10, 2026 19:20Official and blue dollar rates retreat in Argentina this February
February 09, 2026 03:44François Villeroy de Galhau to leave Bank of France in June
February 05, 2026 17:38Lula clarifies 2024 meeting with Banco Master owner
February 05, 2026 13:35Analysts forecast 2.4% inflation for January 2026 per central bank
February 05, 2026 08:17Gold boom buoys exports but erodes central bank's stability