Kyrgyzstan restricts withdrawing foreign currency in cash
Kyrgyzstan has temporarily restricted withdrawing foreign currency in cash from the country until the Cabinet of Ministers "makes a relevant decision," the cabinet said Monday in a press release.
The decision, signed by Chairman of the Cabinet of Ministers Akylbek Zhaparov, would ensure financial and economic security, stabilize the domestic currency market and protect national interests, the statement read. Non-residents and foreign citizens are prohibited from withdrawing more than 5,000 U.S. dollars in cash.
The limit is 10,000 dollars in cash for residents and citizens of Kyrgyzstan. If they withdraw more, a fee of 10 percent of the amount exceeding the limit will be charged.
Vietnam's coffee exports grew strongly in 2022 thanks to a rebound in demand and high coffee prices, in the context of tight global supply due to crop failures and supply chain bottlenecks in large producing countries such as Brazil and Colombia, local media reported on Friday.
Vietnam exported 1.77 million tons of coffee with a total turnover of more than 4 billion U.S. dollars last year, up 13.8 percent in volume and 32 percent in turnover compared to 2021, local newspaper Vietnam News reported.
The European Union (EU) continued to be Vietnam's largest coffee consumption market, accounting for about 39 percent of total export volume, according to the country's General Department of Vietnam Customs. Along with the EU market, China's opening of its border from Jan. 8 is also an opportunity for Vietnam's coffee exports to regain momentum growth in this market in the near future, the newspaper reported.