Foreign exchange
Jul
25
2024
Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments
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The recently completed proof of concept by the Bank of Ghana and the… More…
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Jul
20
2024
Nigeria Acts to Defend Naira After Currency Hits New Record Low
The Central Bank of Nigeria recently sold U.S. dollars to Bureaux… More…
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Jul
20
2024
IMF Warns Zambia Against Dedollarization, Calls Plan Counterproductive
An International Monetary Fund representative has cautioned that… More…
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Jul
03
2024
Nigerian Central Bank Warns Financial Institutions Against Rejecting Old or Lower Denomination US Dollars
The Central Bank of Nigeria warned local financial institutions… More…
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Jun
30
2024
Nigeria’s Naira Rated Worst-Performing Currency in H1 of 2024; Kenyan Shilling Named Best Performer
In the first half of 2024, the Nigerian currency depreciated by nearly… More…
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May
25
2024
Nigeria Increases Capital Requirements for Currency Dealers Nearly Sixtyfold to $1.4 Million
The Central Bank of Nigeria has increased the capital requirements… More…
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May
24
2024
IMF Calls Zimbabwe’s Gold-Backed Currency an ‘Important Policy Action’
The International Monetary Fund (IMF) has stated that Zimbabwe’s… More…
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May
10
2024
Zambian Currency, the Kwacha, Plunges to New Record Low Against US Dollar
Zambia’s worsening shortage of foreign exchange as well as… More…
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May
01
2024
Nigeria Cryptocurrency Clampdown: Central Bank Directs Fintech Firms to Stop Opening New Accounts
The Central Bank of Nigeria has directed four fintech companies to… More…
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Apr
28
2024
Nigerian Currency Reverses Early April Gains, Depreciating by 12% in Seven Days
The Naira recently depreciated by 12% in just seven days, thus shedding… More…
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