Connect with us

Central Bank of Iran Reacts to Falling Rial

Published

on

Iran’s rial continues to be in a downward spiral, as the country grapples with high unemployment, high levels of non-performing loans, rising inflation and challenges with drawing in substantial foreign investment. Besides Russia, Italy and France, Iran has had a difficult time luring large foreign direct investment deals. For a number of countries in the Middle East, the value of domestic currency to the U.S. dollar is an important indicator of economic stability and strength. Iranian police recently arrested a number of currency dealers in the black market, while closing down a number of exchange offices. The rapid devaluation of the rial and the rise of the U.S. dollar in the country forces cash to remain in the currency market versus being put to productive uses such as capital expenditures. The devaulation of the rial has driven people to speculate and Tehran is trying to prevent that.

Trump Factor

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Trump Goes Across the Political Aisle to Nominate Nellie Liang to Federal Reserve Board

Published

on

U.S. President Trump nominated Nellie Liang to the Federal Reserve Board of Governors. She is a long-time staff member of the Federal Reserve, joining in 1986 as a research economist. Liang must still be confirmed by the U.S. Senate pending the job post. She is a graduate of University of Notre Dame in 1979 and received her doctorate from the University of Maryland in 1986.

Ms. Liang is a registered Democrat.

Continue Reading

Ivanhoé Cambridge to Acquire Callahan Capital Properties

Published

on

Ivanhoé Cambridge, a unit of Caisse de dépôt et placement du Québec (CDPQ), signed a deal to acquire Callahan Capital Properties (CCP). Eastdil Secured advised on the transaction. CCP is Ivanhoé Cambridge’s investment partner of six years.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Manager of China’s Foreign Reserves Could be CalPERS Next CIO

Published

on

Numerous financial media outlets, including the Wall Street Journal (WSJ), are reporting that Ben Meng is in key position to become Chief Investment Officer of CalPERS. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.