Economic News Update

Banks’ Returns on FX Utilisation Show Reduction in Capital Outflows

The returns on foreign exchange (FX) utilisation published by some of the international banks have revealed that the pressure on capital outflows has gradually subsided. Unlike in the past when FX purchases for repatriation of capital used to feature prominently on returns of FX utilisation published by Stanbic IBTC and Standard Chartered, the report for the week ended August 12, 2016 published last week showed gradual easing of FX outflows.

 

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Economic News Update

Banks’ Returns on FX Utilisation Show Reduction in Capital Outflows

The returns on foreign exchange (FX) utilisation published by some of the international banks have revealed that the pressure on capital outflows has gradually subsided. Unlike in the past when FX purchases for repatriation of capital used to feature prominently on returns of FX utilisation published by Stanbic IBTC and Standard Chartered, the report for the week ended August 12, 2016 published last week showed gradual easing of FX outflows.

 

Read More

Comment here