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Currency
Kenya Incurs Additional Foreign Debt of Sh5.4 billion.
In the fiscal year that ended in June, Kenya's external debt servicing costs increased by Sh5. 4 billion,…
Dollar Rises as Inflation Pressures Persist.
Dollar increased, suggesting that inflationary pressures have persisted and that the Federal Reserve may decide to…
eNaira Circulation Rises to N400million.
The e-circulation naira's has increased to N401. 82 million, according to data from the Central Bank of Nigeria.…
Breaking: New revised Cash Withdrawal Limit By The Central Bank Of Nigeria.
According to the CBN memo released today 06 December 2022, the Central Bank Of Nigeria has revised its cash…
China’s Yuan is Used in Russia’s Largest Digital Asset Transaction.
The first transaction involving digital financial assets denominated in foreign fiat was completed by a licensed…
The UK is Completing its Plans to Regulate the Cryptocurrency Industry.
According to the Financial Times, the British Treasury is putting the finishing touches on plans for a package of…
CBN Protects Naira With $11.24 billion in Seven Months.
To keep the value of the naira stable between January 2022 and July 2022, the Central Bank of Nigeria injected…
CBN Comments on the Alleged Plan to Launch the N5000 Note.
The Central Bank of Nigeria (CBN) has stated that it has no plans for a new note, clarifying its position on the…
Ghana’s Debt Restructuring: Eurobond Holders Face Possible 30% Cut.
As the government pursues a debt exchange program to meet the requirements for a loan from the International…
Buhari Unveils New Naira Notes at Aso Rock.
The new naira notes in the denominations of N200, N500, and N1,000 were introduced by the President, Major General…
Naira Redesign: CBN Receives Old Notes Worth N165 billion.
Before the Federal Executive Council meeting started, November 23, President Muhammadu Buhari introduced the…
IMF Requests CBN Let Banks Determine Dollar Rates.
In order to increase the inflow of foreign money into the economy, the Central Bank of Nigeria (CBN) has been…
CBN Directs Banking Firms Nationwide to Open on Saturdays
In order to allow bank customers to exchange their old naira notes for new ones, the Central Bank of Nigeria (CBN)…
Dollar Gains Fizzle Out as Traders Reassess Risks from Poland.
The sanctuary In choppy trading, the U.S. Dollar strengthened as markets assessed geopolitical concerns in the…
Uganda Shilling Increases as Oil Prices Decline.
The rise in the import bill brought on by a significant increase in oil imports and the high cost of debt…
As the Cryptocurrency Market Collapses, Binance Intends to Purchase FTX.
To aid with a "liquidity bottleneck" at the rival exchange, cryptocurrency giant Binance reached a non-binding…
Naira is Now One of the World’s Worst-performing Currencies.
The Nigerian naira is technically doing well this year; down just 4% against a strong US dollar and ahead of the…
Ghana’s Cedi Ranks Last in the World Against the Dollar.
As speculators continued to force foreign cash into the west African nation prior to an agreement with the…
Ghana’s Cedi Dropped 72% in Ten Months.
Since the beginning of the year, the Ghanaian cedi has lost 72% of its value relative to the US dollar.
The…
CBN’s Multiple Exchange Rate Deters Foreign Investment In Nigeria, Says FG.
A major barrier to the operation of enterprises is the multiple exchange rate system and restricted access to…
Naira Depreciates to N740 per $1
On the black market, the naira-to-dollar exchange rate has further depreciated to a record low, trading at a…
Egypt’s Economy Suffers From A Dollar Shortage As Imports Are Restricted.
Egypt's economic problems have worsened due to the conflict in Ukraine. Unfortunately for individuals who had…
Sterling Falls To A Historic Low Versus The US Dollar.
As a result of the markets' response to the UK's largest tax cuts in 50 years, the pound has reached a record low…
Ghanaian Cedi Declines By 64% This Year.
The Ghanaian cedi has fallen by a staggering 64.45% against the US dollar. The USD/GHS exchange rate was 9.9495.…
Dollar Declines, Prior To Important U.S. Inflation Statistics.
Market anticipation that the Federal Reserve will ease up on interest rate, increases when inflation peaks have …
British Pound Declined When Compared To US Dollar.
The last time sterling hit $1.141 was during Margaret Thatcher's administration in 1985, when it fell as much as…
Currency In Circulation Decreases To N3.24 trillion
Currency in circulation refers to the amount of cash–in the form of paper notes or coin within a country; that is…
Naira Falls To N705/$ At Black Market.
On Tuesday, August 30, 2022, the Naira reversed its almost miraculous comeback to trade over the N700/$1 mark once…
Dollar Scarcity: Manufacturer’s Panic.
Fear of a dollar shortage has driven manufacturers to front-load their inventory requirements. Therefore, creating…
Sterling Maintains Stable Value Against Dollar.
Sterling was steady against the dollar holding above a 2-1/2 year low touched a day earlier after data added to…