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Total collapse: Lebanon’s currency crisis explained
Dubai: Lebanon’s current economic catastrophe is epitomised by one factor more than any other: The free fall of its currency. Since 1997, the Lebanese Central Bank has artificially pegged to the lira was to the US dollar at the rate of $1 = 1,500LP (1,507 to be precise). Read more
金管局延长与美联储的600亿美元货币互换安排
（早报讯）新加坡金融管理局（MAS）延长与美国联邦储备局（US Federal Reserve）的600亿美元（868亿新元）货币互换安排，这个安排已延长至2021年3月底。 Read more
Liberia Poised to Benefit US$10 Billion COVID-19 Pandemic Support Package from Member Countries
The Board of Governors of the Asian Infrastructure Investment Bank (AIIB) has approved Liberia’s membership at its Fifth Annual Meeting held in Beijing, China, on Tuesday, July 28, 2020. Read more
Delinquency rate rises among people in their 20s
The number of customers aged between 20 and 29 failing to pay off credit loans soared in June, fueling concerns that unemployed young people with low credit and little collateral to offer will emerge as the highest-risk borrowers amid the virus-triggered economic crisis. Read more
AIIB to approve USD 3 billion loans in the next 12 months
NEW DELHI (Metro Rail News): As part of its effort to improve connectivity, Beijing-based multilateral funding agency AIIB is looking to provide loans worth USD 3 billion for various large infrastructure projects, including Delhi Meerut Rapid Rail, Mumbai Metro Rail and Chennai Peripheral Ring Road Read more
India Biggest Borrower From China-Based Bank For COVID-19 Relief Fund
The Chief Designer of Chinese stealth, fifth-generation J-20 jets, Yang Wei, has explained the vast, unmatched capabilities of J-20 aircraft. Read more
Special Drawing Right (SDR)
The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. So far SDR 204.2 billion (equivalent to about US$281 billion) have been allocated to members, including SDR 182. Read more
Argentina Defaults on Sovereign Debt Amid Coronavirus Crisis
Argentina defaulted on sovereign debt for the ninth time in its history, as Latin America’s third-biggest economy grapples with a new cycle of economic contraction, runaway inflation and a hard-currency squeeze exacerbated by the coronavirus pandemic. Read more