Interbank Market News Scan: Eastern Caribbean

Photo by Anna Nekrashevich on Pexels.com

16 June 2021

Links to follow ….

Interbank. China’s benchmark prices for spot interbank gold transactions were lower on Wednesday, according to the China Foreign Exchange Trade System.  http://www.china.org.cn/china/Off_the_Wire/2021-06/16/content_77571092.htm

Interbank. Many of the issues thrown up in the transition away from sterling Libor appear to have been addressed, Bank of England Governor Andrew Bailey said Monday, delivering a confident assessment of the U.K.’s exit from the discredited benchmark.  https://www.bloomberg.com/news/articles/2021-06-14/boe-s-bailey-says-sterling-libor-switch-is-pretty-much-there?sref=oriheOus

Interbank. Cuba, the island country located where the Caribbean Sea, Gulf of Mexico, and the Atlantic Ocean meet, said this week U.S. dollars will be suspended in the country. The mandate comes from the country’s central bank and foreign tourists have been told to leave U.S. dollars at home when visiting. https://news.bitcoin.com/cubas-central-bank-suspends-us-dollar-deposits-nationwide-officials-cite-embargo/

Interbank. The Cayman Islands, U.S. and Gibraltar are the top locations where crypto hedge funds are domiciled, according to a report by PwC and Elwood Asset Management. https://finance.yahoo.com/news/cayman-islands-u-gibraltar-top-123005084.html

Interbank. St Kitts and Nevis formalises diplomatic relations with Cameroon, deepening relations with the African continent.  https://www.prnewswire.com/news-releases/st-kitts-and-nevis-formalises-diplomatic-relations-with-cameroon-deepening-relations-with-african-continent-301313009.html

Foreign Exchange rates of interest ….

Currency PairsRates as of 10:32 am AST 16 June 2021
XCD/EUR0.3055
XCD/GBP0.2628
XCD/USD0.3704
XCD/CAD0.4507
XCD/NGN152.4750
XCD/CNY2.3707
XCD/PLN1.3822
XCD/PEN1.4302
Source: OANDA

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