Day: September 9, 2024

Guatemala

Guatemala reported a 13.9% YoY increase in overseas remittances in August, totaling USD 2.02 bln, up from USD 1.82 billion in July. Meanwhile, the trade

Colombia

Colombia’s monthly inflation rate fell to a three-year low, leading President Petro to call for more monetary stimulus to revive growth, with the annual rate

Tunisia

Tunisia’s annual inflation rate decreased to 6.7% in August 2024, marking the lowest rate since January 2022. The slowdown was largely due to a significant

South Africa

South Africa’s gross FX reserves increased to USD 63.2 bln in August 2024, the highest since record-keeping began in 1998, supported by a rise in

Nigeria

In response to the naira’s decline to a record low against the USD, Nigeria’s central bank resumed foreign currency sales, potentially injecting up to USD

Egypt

Egypt is actively seeking additional supplies of LNG for the winter, issuing a significant tender for 20 shipments to address its energy shortages. That marks

Israel

A gunman killed three Israelis at a border terminal with Jordan, marking the first such incident since the Gaza war began in October. The attack

Uzbekistan

As of September 1, 2024, Uzbekistan’s gold and FX reserves rose to USD 39.15 bln, marking an increase of USD 1.75 bln in August alone.

Serbia

Kosovo has reopened two border crossings with Serbia after blockades by Serbian groups were removed, signaling a de-escalation of recent tensions. The closures were in

Kazakhstan

Kazakhstan confirmed it will significantly reduce its oil production in October 2024 to comply with its OPEC+ commitments. This reduction coincides with planned maintenance at

Kazakhstan

Kazakhstan’s analyst Marat Abdurakhmanov has voiced concerns about the upcoming ECB sanctions against Russia, set to begin on September 15. These sanctions are expected to

Ukraine

Ukraine’s military intelligence has successfully executed a cyber-attack on Russian defense companies, compromising 14 servers linked to suppliers of electronic components for the Russian defense

Vietnam

Vietnam’s annual inflation rate fell to a new low of 3.45% in August 2024, down from 4.36% in July, primarily due to decreased food prices.

India

India’s FX reserves reached a record high of USD 684 bln as of August 30th, driven by strong economic growth and significant foreign investment, prompted

Bangladesh

Bangladesh’s annual inflation rate continued its downward trend to 10.49% in August, from 11.66% in July, driven by a decline in food price inflation, which