Bahrain Dinar Hits 17-Year Low vs dollar as Hedge Funds Sell- Reuters
Bahrain’s dinar fell to a 17-year low of 0.38261 against the dollar in the spot market on Tuesday as hedge funds sold the currency in the forward market because of concern about the country’s rising public debt, bankers in the region said.
CBB Raises Basic Interest Rate
Bahrain’s central bank said on Wednesday it was raising its key policy interest rate by 25 basis points, from 2.00 % to 2.25%.
Bahraini Currency in Circulation outside CBB Reached 687.8 Mln in April
The Bahraini dinar currency in circulation in all its categories outside the Central Bank of Bahrain (CBB) increased by 4.66% last April on an annual basis, according to data issued by CBB, reported Al-Ayam newspaper. The value of currency in circulation by the end of April reached 687.8 million BD, versus 655.9 million BD in the same month in 2017.
Bahrain Central Bank's Foreign Assets up in April from 7-Month Low
Net foreign assets at Bahrain’s central bank, an indication of its ability to defend its currency against any market pressure, rebounded last month after dropping to a seven-month low in March, central bank data showed on Thursday.
Bahrain: Foreign Reserves Drops to Lowest Level at Only 533 Mln Dinars
Bahrain's foreign assets have fallen by 49.2% in March, according to official data from the Central Bank of Bahrain.
Central Bank of Bahrain's Net Foreign Assets Drop to Six-Month Low
Net foreign assets at Bahrain’s central bank dropped to a six-month low of 604.8 million dinars ($1.60 billion).
Bahrain Asked Credit Rating Agencies to Improve their Financial Status after Oil Discovery
The Central Bank of Bahrain (CBB) said it had approached credit rating agencies to improve Bahrain's credit status in light of the country's biggest oil discovery.
Bahrain Says it may Return to Global Market after Calling off Part of Bond Issue
Bahrain may return to the international debt market to raise funds later this year, its central bank said on Thursday, after investors’ concern about its rising public debt level caused it to call off part of a planned bond issue this week.
CBB: Bahrain Succeeded in Borrowing $1 Billion from International Markets
The Central Bank of Bahrain said that Bahraini government successfully priced a Rule 144A/RegS international USD 1 billion 6.875% Oct-2025 sukuk offering. The transaction received strong global investor interest, with the orderbook peaking at around USD 2.1 billion (2.1x of the total amount raised) from more than 100 investors.
Central Bank of Bahrain Obligates Banks to Set Ceiling on Service Charges
The Central Bank of Bahrain (CBB) has issued a circular for banks to set a ceiling on bank charges that can not be crossed.
Central Bank of Bahrain Denies Cancelling License of Turkish Bank
The Central Bank of Bahrain (CBB) denied that it had cancelled the license of Turkiye Is Bankasi AS, a conventional wholesale bank (branch) licensed in Bahrain.
Bahrain Central Bank Raises Rates by 25 bps
Bahrain’s central bank said on Wednesday it was raising policy interest rates by 25 basis points, after the U.S. Federal Reserve’s decision to hike rates by that margin.
BCC Says It Canceled License of Company Affiliated to British Bank, Bank “Operates Normally”
An official source from the Central Bank of Bahrain said that published decision in the official gazette regarding the cancellation of the Representative Office license of «HSBC Bank PLC» affects this office “the company” affiliated to HSBC Bank and not the bank itself.
Central Bank of Bahrain Calls on Parliament to Review Parliamentary Law Aimed at Imposing Fees on Remittances
The Central Bank of Bahrain called on the Parliament to review a parliamentary law aimed at imposing fees on remittances.
CBB Cancels Turkish Bank License in Bahrain amid Surge Saudi-Turkish Differences
Central Bank of Bahrain announced cancelling the license granted to the Turkish bank “Turkiye Is Bankasi AS”, amid an increase in differing views between Saudi Arabia and Turkey.
Bahrain Central Bank Governor Says More Austerity Inevitable in Country
Bahrain’s central bank governor said on Tuesday that the country’s economic growth might accelerate because of the recovery of oil prices since mid-2017, but he warned that the government needed to be careful about its budget deficit.
CBB Governor: Dinar is Stable, No Intention to Detach it from USD
Central Bank of Bahrain (CBB) Governor Rashid Al-Miraj said that the bank is currently studying the operational environment of digital currencies to put appropriate regulatory restrictions and controls, indicating that the study needs 9 months, during which the risks and control mechanisms will be studied.
Reuters: Gulf Row Holds Back Single Currency Plan- CBB Governor
A row between Qatar and some other Gulf Arab states has paused progress to a single currency in the six-nation Gulf Cooperation Council (GCC), Bahrain’s central bank governor said on Thursday, adding he hoped work on the project would resume soon.
Bahrain Central Bank Says Banks Need Breathing Space over Global Regulations
Bahrain’s central bank governor said on Thursday that stricter international bank rules, known as Basel III, had gone too far and banks had been burdened with too much regulation.
Director in CBB: Compulsory Health Insurance Premiums to Constitute 35% of Insurance Premiums
Executive Director of Financial Institutions Supervision in Central Bank of Bahrain Abdul Rahman Al-Baker expected that the share of the total health insurance premiums will increase to at least 35% in case the compulsory health insurance is implemented.