Foreign exchange

Zimbabwe Devalues Gold-Backed Currency by 44%

The Reserve Bank of Zimbabwe (RBZ) has devalued the Zimbabwe Gold… More…

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Nigerian Currency Plunges After Central Bank Rate Hike

The Nigerian Naira weakened significantly against the U.S. dollar… More…

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Experts Question Ghana VP’s Gold-Backed Currency Pledge

A Ghanaian banking consultant, Richmond Atuahene, has expressed… More…

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Ethiopia Announces Launch of Forex Auction Sale Days After Birr Float

The National Bank of Ethiopia (NBE) said it will conduct a special… More…

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Group Urges Nigeria to End Naira Float, Reinstate Subsidies

The Nigerian government has been urged to abandon a floating foreign… More…

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Nigeria Acts to Stabilize Currency with Forex Auction

The Central Bank of Nigeria (CBN) will reintroduce a foreign exchange… More…

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Ethiopian Premier Defends Currency Float Decision, Rejects Devaluation Claims

The Ethiopian Prime Minister, Abiy Ahmed, has defended the decision… More…

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Ghana Launches Centralized Online Foreign Exchange Trading Platform

The Bank of Ghana has recently launched a centralized online foreign… More…

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Ethiopia’s Birr Falls 30% After Currency Float; Forex Surrender Requirements Scrapped

Ethiopia’s birr plunged 30% against the dollar after the central… More…

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Zimbabwe Injects $50M in Forex Market to Stabilize Currency

Zimbabwe’s central bank, the Reserve Bank of Zimbabwe (RBZ),… More…

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