Zima Bank

🏦 Asian Banks Strengthen Currency Collaboration 🏛 In a historic event at the ASEAN meeting in Jakarta, Indonesia, the heads of the central banks of Indonesia, Malaysia, and Thailand - Perry Warjiyo, Negara Abdul Rashid Gaffur, and Sethaput Suthiwart-Narueput respectively - joined forces by signing memorandums of understanding. The primary goal is to enhance collaboration by expanding the use of national currencies for cross-border transactions. This new framework also encompasses cross-border payments, promoting accessibility and efficiency in settlements using local currencies. This step aims to uphold stability in regional markets and deepen the influence of local currencies in these three countries. Telegram Channel | Twitter | Facebook | Medium  | Website | LinkedIn

😱 Traders Seek Therapy Amid Financial Stress 📉 Amidst years of financial market tension in the US, traders are increasingly turning to psychologists for help. The record inflation of 2022 and the Federal Reserve's tightening of monetary policy led to a 20% drop in the S&P 500 index, causing stress, depression, and anxiety among traders. Working up to 16 hours a day and facing losses, they started seeking ways to manage their emotions. Day traders and Wall Street professionals are flocking to psychologists for assistance. Survey results among bankers indicate declining mental well-being due to the complex financial situation. Banks are cutting staff, exacerbating the situation. Psychologists are also noticing a rise in the number of traders among their patients. Telegram Channel | Twitter | Facebook | Medium  | Website | LinkedIn