October 5, 2024
Chicago 12, Melborne City, USA
Economics

Pakistan to Introduce New Currency Designs Next Year to Enhance Security

Pakistan is set to roll out new designs for currency notes across all denominations next year, aiming to enhance security features, according to Jameel Ahmad, Governor of the State Bank of Pakistan. The central bank is expected to finalize the designs by December, with the new notes being issued in stages, Ahmad informed a parliamentary

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Economics

SNB’s Jordan Highlights Strong Franc’s Role in Containing Inflation

Thomas Jordan, President of the Swiss National Bank (SNB), emphasized that the strength of the Swiss franc has been instrumental in maintaining low inflation rates in Switzerland compared to the United States and the euro area. Speaking to business leaders in Schwyz, Switzerland, Jordan noted that the country’s relatively modest inflation rate—never exceeding 3.5% in

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Economics

Nigeria on Track to Achieve $12 Billion Revenue Target for 2024

Nigeria is on course to meet its ambitious revenue target of $12 billion for 2024, thanks to significant improvements in its tax collection system. This positive outlook was shared by Zacch Adedeji, the chairman of the Federal Inland Revenue Service (FIRS), who has been instrumental in driving these reforms. As the third quarter of the

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Economics

New Yorkers Face Mounting Debt Pressures as Real Incomes Decline

New Yorkers Face Mounting Debt Pressures as Real Incomes Decline New Yorkers are increasingly struggling to manage their debt as inflation continues to erode real incomes, creating a challenging financial environment. A recent study conducted by the Office of the New York City Comptroller and the Federal Reserve Bank of New York reveals that consumer

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