Foreign Exchange
| Use attributes for filter ! | |
| First episode date | November 5, 2004 |
|---|---|
| Final episode date | December 27, 2004 |
| Number of episodes | 26 |
| Number of seasons | 1 |
| Networks | Nine Network |
| RTÉ2 | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2618502 |
About Foreign Exchange
Brett Miller from Australia and Hannah O'Flaherty from Ireland discover a portal which enables them to travel between each country and experience life in different hemispheres, as well as having adventures along the way.
Apple sales dip again despite iPhone boost
... 5%, although Mr Cook said that after accounting for Foreign Exchange rates its business there had grown year on year...
Bangladesh: Political violence grips country as election looms
... The country s Foreign Exchange reserves have also dropped from a record $48bn (£39...
Care4Calais: Watchdog criticises past management of charity
... The watchdog added Ms Moseley said this arrangement saved the charity around £3,000 a year in Foreign Exchange fees...
Byju's: The unravelling of India's most valued start-up
... In April, the firm s office in Bengaluru was raided by Indian authorities over suspected violations of Foreign Exchange laws...
Crisis-hit Pakistan strikes $3bn IMF bailout deal
... This year the country s Foreign Exchange reserves fell to a level that covered less than three weeks of imports...
BBC ordered to Delhi High Court over Modi documentary
... Weeks after the broadcast, the BBC s Delhi offices were raided by Indian income tax authorities, and in April an investigation was opened into the broadcaster for alleged violations of Foreign Exchange rules...
Sudan conflict: 'How I saved my red guitar from Khartoum war zone'
... Almost all Foreign Exchange and 90% of South Sudan s government revenue comes from crude oil exports, which leave via a pipeline that runs through Sudan...
Nigeria election 2023: Charts that explain the nation
... But prices had been going up before the fighting began - caused by the closure of the border to many imports and a scarcity of Foreign Exchange...
Crisis-hit Pakistan strikes $3bn IMF bailout deal
By Annabelle Liang & Peter HoskinsBusiness reporters
Crisis-hit Pakistan has reached a staff-level agreement with The International Monetary Fund (IMF) over $3bn (£2. 4bn) of funding.
The Deal , which still needs to be approved by the global lender's board, comes after an eight-month delay.
The South Asian nation is facing its worst economic crisis since independence from Britain in 1947.
To help secure The Deal , Pakistan's Central Bank raised its main interest rate to a record high of 22% on Monday.
Pakistan's economy, which was already struggling after years of financial mismanagement, has been pushed to The Brink by a global Energy Crisis and devastating floods that hit the country Last Year .
" The economy has faced several external shocks such as the catastrophic floods in 2022 that impacted the lives of millions of Pakistanis and an international commodity price spike in The Wake of Russia's war in Ukraine, " Nathan Porter ,
" As a result of these shocks as well as some policy missteps. . Economic Growth has stalled, " he added.
Once agreed at staff level such deals are usually granted by the IMF's Executive Board. The board is expected to consider the agreement in The Coming weeks.
" This deal gives Pakistan the economic Breathing Room that it so badly needs, " Michael Kugelman from the US-based Wilson Center Think Tank told The Bbc .
" The question is if it can use this IMF deal as an opportunity to pivot from immediate relief to a long-term recovery, " he added.
Katrina Ell, a senior economist at Moody's Analytics, said: " High inflation coupled with limited foreign reserves and lacking macroeconomic stability take time and sustained fiscal discipline to overcome. "
Pakistan's annual inflation rate hit a fresh record high in May of almost 38%.
The $3bn of funding, which will be spread over Nine Months , is higher than expected.
Pakistan was awaiting the release of The Remaining $2. 5bn from a $6. 5bn bailout package agreed in 2019, which expired on Friday.
The Nation of More Than 230 million people has been struggling for years to stabilise its economy.
This year the country's Foreign Exchange reserves fell to A Level that covered less than three weeks of imports.
Deadly clashes between supporters of Pakistan's former Prime Minister Imran Khan and police have also rattled financial markets.
In May, Mr Khan was arrested on corruption charges, in a move that has since been ruled as illegal by the country's Supreme Court .
Over the Last Year the Pakistan rupee has fallen by around 40% against the US Dollar .
to help Pakistan recover from devastating floods that hit the country in 2022.
It had been estimated that it needed More Than $16bn to recover from the disaster.
Related TopicsSource of news: bbc.com
