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Cuba more than quadruples dollar/peso exchange rate
THURSDAY, AUGUST 04, 2022
Cuba announced it will begin purchasing on Thursday dollars and other convertible currencies at nearly five times the current rate in an effort to undercut the informal money market and capture the funds.
Federal Reserve to backstop the U.S. money market industry and support other central banks, its eighth major emergency action this week
THURSDAY, MARCH 19, 2020
The Federal Reserve announced late Wednesday it is establishing a special backstop for money market mutual funds, which typically serve as risk-free places for investors to store cash. Early Thursday, the Fed announced more "swap lines" with other central banks around the world to help ensure they have sufficient U.S. dollars.
No change in rate expected till late 2016
WEDNESDAY, DECEMBER 16, 2015
The Bank of Thailand is expected to maintain the policy rate at 1.50 per cent through late next year.
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