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Charge in FX, pay VAT in FX. No exceptions.
The ministry introduced new rules last month requiring businesses pricing goods and services in hard currency to settle VAT in…
THIS EVENING: Businesses with FX-priced business must settle their VAT only in FX + Inflation eases again in November
Good afternoon, friends and welcome to another workweek. As polls open for the first day in the presidential elections, the…
FX reserves flat in November
FX reserves have added USD 2 bn in the last fifteen months
We’re in talks with the IMF for a bigger package
An IMF spokesperson described the need for more financing as “critical” due to the war in Gaza
THIS EVENING: Our net foreign reserves inch higher again
Good afternoon friends, and HAPPY THURSDAY. The week has finally winded down but not without a heavy cycle of news…
Private-sector optimism hits record low on inflation, currency woes
Activity in country’s non-oil private sector has now been in contraction for the past three years
THIS EVENING: We might have our first bond issuance in India to raise FX from the sub-continent’s capital markets in 2024
Good afternoon, friends and Happy Monday. We hope you’re off to a smooth start this week as our local news…
Why did the USD fall in the black market?
Local media believes that the government poured USDs into the local market to help meet soaring demand
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