ECONOMIC UPDATE: JULY 2017

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According to this Economic Update, the spread between BDC and I&E window rates narrowed from 4% in April to 0.1% in July 2 save for the official rate. FMDQ ignites further FX liquidity flame: In more recent development, the FMDQ selected Bloomberg as a partner saddled with the responsibility to report transactions in the I&E […]

Half full or half empty?

Let us take a short quiz. Before the exchange rate skyrocketed, you promised your wife a summer vacation. Now the money you have saved can barely cater for flight expense. There is nothing left for accommodation and tourist activities. Is your cup half empty or half full? You have been on a futile house search […]