IMF Current Affairs, GK & News
Norway’s central bank digital currency
Norway’s central bank – Norges Bank – recently hit a major milestone in its digital currency development efforts by releasing the open source code for the country’s CBDC sandbox based on the Ethereum technology. Key facts Norway’s CBDC sandbox, which is accessible on GitHub, was created to provide user interface (UI) for engaging with the ..
Month: current affairs - september, 2022
Category: Banking Current Affairs • International / World Current Affairs
Topics: Blockchain • Central Bank Digital Currency • central bank digital currency (CBDC). • Cryptocurrency • Ethereum • GitHub • IMF • Norway
IMF $2.9bn deal to aid Sri Lanka
Recently, the International Monetary Fund (IMF) has come forward to help Sri Lanka, which is facing a historic economic crisis. The IMF has announced a loan of $ 2.9 billion to Sri Lanka. Key Points The aid aims to restore macroeconomic stability and creditworthiness in Sri Lanka as well as protect financial stability. The IMF ..
Month: current affairs - september, 2022
Category: International / World Current Affairs
Topics: economic crisis in srilanka • Extended Funds Facility • IMF • IMF $2.9bn deal to aid Sri Lanka • IMF aid to Sri Lanka • International Monetary Fund • Sri lanka
K Subramaniam: Executive Director (India) at IMF
Former Chief Economic Adviser of India K. Subramaniam was recently appointed as the Executive Director of India at the International Monetary Fund (IMF). He will replace Surjit S Bhalla, who was appointed as India’s executive director on the board of the IMF in 2019. K. Subramaniam’s tenure in this post will start from November 1, ..
Month: Current Affairs - August, 2022
Category: Economy & Banking Current Affairs - 2022 • Persons in News
Topics: Chief Economic Adviser • Executive Director (India) • IMF • Imf Executive Board • International Monetary Fund • K Subramanian • KV Subramaniam • Raghuram Rajan
IMF World Economic Outlook- Update
India’s economic growth forecast has been reduced from 8.2% to 7.4%. The International Monetary Fund (IMF) released India’s growth prediction in its World Economic Outlook on July 26, 2022. Key Findings of the IMF’s Outlook: India’s economic growth forecast was estimated to be 8.2% in April. IMF reduced the estimate to 7.4% due to vulnerability ..
Month: Current Affairs - July, 2022
Category: Economy & Banking Current Affairs - 2022 • Reports & Indexes Current Affairs
Topics: Asian Development Bank (ADB) • Fastest Growing Economy • Global Growth Forecast • IMF • IMF World Economic Outlook • International Monetary Fund (IMF) • Reserve Bank of India (RBI)
IMF: Review of Special Drawing Rights (SDR)
The International Monetary Fund (IMF) increased the weighting of the US dollar and Chinese yuan (Renminbi) in the Special Drawing Rights (SDR) basket of currencies. The updated weightings will be effective from August 1st. What are the current weights assigned to each currency in the SDR basket? S. dollar’s weighting was increased to 43.38% from ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: 1969 • IMF • International reserve asset • SDR • SDR basket of currencies • Special Drawing Rights (SDRs)
RBI Report on Currency and Finance
Recently, the Reserve Bank of India (RBI) released the Report on Currency and Finance (RCF) for the year 2021-22. What is the theme of the report? The theme of the report is “Revive and Reconstruct” in the context of nurturing a durable recovery post-COVID and raising trend growth in the medium term. What is the ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs - 2022