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Growth And Restructuring: Q&A With Mongolia’s Central Bank Governor Byadran Lkhagvasuren

Global Finance

GF: Mongolia’s foreign exchange reserves increased last year and external debt was reduced. Lkhagvasuren: As of July 2024, Mongolia’s foreign exchange reserves reached $4.7 Despite repaying 6 billion Chinese yuan [$843 million] of the swap usage, foreign exchange reserves remained robust.

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Ghana: New Rules Shake Gold Trade

Global Finance

Goldbod will give us better control over our gold exports and help shore up our foreign exchange reserves, said Ghana Finance Minister Cassiel Ato Forson. The West African nation has long wanted to restructure and streamline ASM mining, which accounts for one-third of its gold production, generating $5 billion in 2024.

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BitPesa Restructures, Secures $15M For Expansion

PYMNTS

B2B FinTech BitPesa , which operates a platform offering foreign exchange and cross-border payment services, is restructuring and has announced new funding to support its expansion efforts. BitPesa is a foreign exchange and cross-border payments platform that uses blockchain to settle transactions for corporates based in Africa.

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UK-Based Prism Makes Takeover Bid For Finablr

PYMNTS

Through the transaction, Finablr, which owns two foreign exchange companies, will be able to access more working capital and restructure its debts. Rothschild runs a consultancy in Switzerland, and Prism is majority owned by London Commodity Traders. The only director of LCM is Prism's CEO, Amir Nagammy.

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What Will Ant Group Look Like A Year From Now?

PYMNTS

To that end, Howard Yu , LEGO Professor of Management and Innovation and director of IMD’s signature program, Advanced Management Program (AMP), told Karen Webster that a restructuring may be on the horizon. . As reported earlier this month , the Shanghai Stock Exchange delayed Ant Group’s record initial public offering (IPO).

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London’s Finablr Finds $1B In Debt Charged To Company

PYMNTS

London-based Finablr , which owns two foreign exchange businesses, found that the overall debt of the company was $1.3 And Shetty’s holding company BRS Ventures, which owns stake in Finablr and NMC, was in conversation with investment bank Houlihan Lokey on options that included debt restructuring.

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INTL FCStone Mitigates Brexit Risk With FX Takeover

PYMNTS

INTL FCStone , a risk management and advisory service provider for players in the financial industry, announced a new acquisition to strengthen its small business foreign exchange and hedging offering. The company said in a press release Monday (Jan.