Thursday, Sep 19 2019 | Time 20:05 Hrs(IST)
image
  • Central Advisory Board on Disability holds its 3rd meeting
  • Capsized Launch yet to be retrieved: Ex-MP Harsha kumar blames officials of negligence
  • Punjab govt transfers three IPS, eight PPS officers
  • Over 20,000 flood victims remain trapped in northeast Thailand: government
  • Centre decides to establish National Police University in Greater Noida
  • Imran Khan to discuss Kashmir during Saudi visit
  • Bengal Guv rushes to JU, phones state chief secretary to take action as union minister still under siege by students
  • After Oppn brickbats for 'silence', Mamata raises NRC bogey with Shah
  • NHRC issues notice to UP govt over suicide of sexual assault victim in Bareilly
  • UP govt moots for PPP model for sugar industry growth
  • Delhi High Court rejects bail application of Deepak Talwar
  • Bengal Guv takes serious view of gherao of Babul Supriyo, phoned state chief secretary to take action as union minister still under siege by students
  • Metro: MP CM issues orders
  • Israel's Netanyahu admits unable to form right-wing government
World


Zambia dismisses rumours about currency controls

Lusaka, May 21 (UNI) The Zambian government says it has no plans to re-introduce exchange controls in a bid to stop the plummeting value of the local currency against major convertible currencies.
According to a Tuesday report of the BBC Africa, the Zambian kwacha has hit its lowest level against the US dollar since November 2015, making it Africa’s worst performing currency.
Following its poor performance, speculation has been rife that the government may look to reintroduce exchange controls as a mitigating measure.
However, Finance Minister Margaret Mwanakatwe said in a statement that she wished to "assure both local and foreign investors, businesses, and the general public, and categorically state that the government is not about [to] and will not re-introduce exchange controls".
The statement said the government had received reports of "unscrupulous persons" spreading false information implying that exchange controls are about to be re-introduced in Zambia, and "that foreign currency accounts held in our banking system will be converted into kwacha".
Ms Mwanakatwe said her government remains committed to maintaining the current “flexible exchange rate regime". Zambia, which relies on mining as the main economic activity, has also experienced upheavals in that sector.
UNi SNU 1905
More News
Imran Khan to discuss Kashmir during Saudi visit

Imran Khan to discuss Kashmir during Saudi visit

19 Sep 2019 | 7:46 PM

Islamabad, Sep 19 (UNI) Pakistan Prime Minister Imran Khan, who is on a two-day visit to Saudi Arabia, will discuss the Kashmir issue with the Saudi leadership, the Pakistan PMO confirmed on Thursday.

see more..
Microsoft announces $40 Bn worth of share buyback plan, dividend boost

Microsoft announces $40 Bn worth of share buyback plan, dividend boost

19 Sep 2019 | 5:39 PM

Washington, Sep 19 (UNI) The US technology giant, Microsoft Corporation, has announced that it plans to repurchase $40 billion worth of company shares, as well as to increase its dividends.

see more..
Riyadh asks Iraq for 20Mln barrels of crude after Saudi Aramco attack - WSJ

Riyadh asks Iraq for 20Mln barrels of crude after Saudi Aramco attack - WSJ

19 Sep 2019 | 5:07 PM

Washington, Sep 19 (UNI) Riyadh asked Iraq’s national oil marketing company for 20 million barrels of crude to supply the country's stocks after an attack on Saudi Aramco facilities, the Wall Street Journal reported Thursday, citing two sources familiar with the matter.

see more..

Belgian F-16 crashes in France, both pilots eject on time - Reports

19 Sep 2019 | 4:52 PM

Brussels, Sep 19 (UNI) A Belgian F-16 fighter jet crashed in western France on Thursday, but both pilots were able to eject from the aircraft, media reported.

see more..
Riyadh asks Iraq for 20Mln barrels of crude after Saudi Aramco attack - WSJ

Riyadh asks Iraq for 20Mln barrels of crude after Saudi Aramco attack - WSJ

19 Sep 2019 | 4:47 PM

Washington, Sep 19 (UNI) Riyadh asked Iraq’s national oil marketing company for 20 million barrels of crude to supply the country's stocks after an attack on Saudi Aramco facilities, the Wall Street Journal reported Thursday citing two sources familiar with the matter.

see more..
image