Foreign exchange

Nigerian Central Bank Dismisses Old Naira Banknote and Cash Shortage Rumors

The Nigerian central bank has dismissed rumors suggesting that the… More…

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Nigeria Plans to Include Fintechs in Broadened Official Currency Market

A Nigerian official recently said the foreign exchange-starved … More…

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Nigerian Central Bank Lifts Forex Restrictions on 43 Items — Market Forces to Determine Exchange Rate

The Nigerian central bank said on Oct. 12 that it had lifted foreign… More…

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Tanzanian Central Bank Launches Foreign Exchange Reserves Boosting Gold Buying Scheme

The Bank of Tanzania said on Sept. 25 that it has kickstarted an initiative… More…

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US Dollar Shortages: Ethiopia and Nigeria in $100 Million Currency Swap Transaction

According to a report, the central banks of Ethiopia and Nigeria recently… More…

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Nigerian Currency Falls by More Than 30% After Central Bank Announced New Forex Market Rules

The Nigerian currency’s official exchange rate versus the… More…

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Tanzanian Central Bank Says Forex Restrictions Intended to ‘Safeguard the Stability of the Financial System’

The Tanzanian central bank said on May 31 that foreign currency dealers… More… The post Tanzanian Central Bank ...

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Huobi Korea Plans to Cut Ties With Parent Company, Strengthen Domestic Presence

According to a report from South Korea, the Korean subsidiary of Huobi… More…

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Ghana Takes Steps to Operationalize Gold-for-Oil Scheme — Move Expected to Help Halt Cedi’s Depreciation

According to directives issued by Samuel A. Jinapor, the Ghanaian… More…

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