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July 4, 2009 (LBO) - Sri Lanka's central bank has bought 390 million US dollars from forex markets in June to boost its foreign reserves, bringing the total purchases since a float of its currency in March to 450 million US dollars. The Central Bank floated the rupee in March as a prior action for an International Monetary Fund loan of 1.9 billion US dollars. The float ended a period of dollar peg defence that created a balance of payments crisis and cost the country more the 2.0 billion dollars in foreign reserves. Though the IMF loan has been delayed amid political wrangling by the United States and Britain as relations between Sri Lanka and the West took a dramatic downturn in the last stages of fighting with Tamil Tigers separatists. Governor Cabraal said last week that the loan was no longer urgent. "Let it come at the... [read full story]
By Jeremy Reynalds Correspondent for ASSIST News Service EGYPT (ANS) -- On October 24, 2009 Egyptian State Security recently arrested a Christian Copt in the village of Deir Samalout, Samalout, Minia province, for praying...
It was quite a gathering recently in Kiev when 400 doctors and medical professionals from 30 different countries came to the Ukrainian capital city for the 6th International Christian Medical Conference held on October 30-31,...
Sunday, November 8, 2009 Families of Spanish sailors being held for over a month appealed to Spain's government on Friday to negotiate with the Somali pirates for their release. The kidnappers have threatened to kill three of...
DUBAI (Reuters) - Saudi Arabia has regained control of territory seized by Yemeni rebels in an incursion last week, a senior official was quoted as saying, as the kingdom becomes more entangled in conflict to its south.
