Flutterwave scraps Cyprus acquisition after Central Bank objection
Flutterwave’s British subsidiary has written off its entire investment in Cyprus-registered payment provider Netinfopay Ltd. following regulatory pushback, marking the
On Monday, Argentina faces a US$800 million interest payment to the International Monetary Fund (IMF), with limited dollar reserves in Treasury accounts. The Economy Ministry is considering using dollar deposits or purchasing foreign currency from Argentina’s Central Bank (BCRA) to fulfill the obligation. The payment is expected to be approved in early December, pending fulfillment of outstanding measures agreed upon with Argentine authorities.
The Treasury currently holds US$851 million in foreign-currency deposits at the Central Bank, slightly more than the required amount. However, the remaining balance of approximately US$51 million may prompt the Economy Ministry to purchase dollars from the BCRA to maintain liquidity in its accounts.
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- Government faces US$800 million IMF payment, eyes Central Bank dollars buenosairesherald.com
