Zimbabwe’s acceptance that most business will take place at a newly introduced interbank rate for the Zimbabwe dollar amounts to an effective devaluation of the local currency, a policy maker said.

The Central Bank of Kenya (CBK) has announced a new lending framework requiring all banks to use the interbank rate as the base for pricing loans. Under the new system, banks will no longer set their ...

Dhaka, April 28 -- The exchange rate of the US dollar against the Bangladeshi Taka has remained stable in the interbank foreign exchange market, according to the latest data from Bangladesh Bank.

Hong Kong dollar rates jumped on Friday, as heavy buying by the central bank in the global financial hub drained liquidity and investors braced for the U.S. Federal Reserve to raise rates sharply next ...

HONG KONG, June 14 (Reuters) - Hong Kong dollar interbank rates could catch up with, or even overshoot their U.S. dollar counterparts as companies' demand for the local currency for dividend payments ...

Thomson Reuters has launched its daily pricing benchmark, the Islamic Interbank Rate (IIBR) to address, it claims, the widespread unease over using global interest rates in the industry. December 3, ...