Zimbabwe’s New Gold-Backed Currency Sliding On Black Market
Harare, Zimbabwe — Zimbabwe's recently introduced gold-backed currency is sliding on the local black market but officials insist the currency ...
Tag: Currency
West Africa: CFA Franc – Conditions Are Ripe for Replacement of the West African Currency Rooted in Colonialism – Expert
At no point in history has the CFA franc - the name of a colonial currency used in west and ...
Advancing Africa’s Economic Sovereignty: The Case for a Common Currency
In the vast and diverse continent of Africa, one glaring obstacle hampers economic progress and hinders true sovereignty: the absence ...
Kenya: Export-Led Growth, the Cure to Kenya’s Currency Devaluation
Kenya finds itself at a crucial juncture in its economic trajectory. The Kenyan shilling (KES) has experienced significant depreciation against ...
Ethiopia, Japan Venture Inches Towards Domestic Currency Printing
Heads of the country's nascent sovereign wealth fund are partnering with the Japanese Toppan Holdings Inc. in a bid to ...
Ghana: Lands Minister Lauds Gold4Oil Policy …Says It Has Stabilised Local Currency, Reduced Cost of Fuel
The Minister of Lands and Natural Resources, Samuel A. Jinapor, has touted the success of government's Gold4Oil policy saying it ...
Nigeria: Tinubu Will Shock Currency Speculators – Presidency
The presidency has disclosed that President Ahmed Bola Tinubu's administration is working on policies that will strengthen the naira. The ...
Zimbabwe: Zim Foreign Currency Receipts up U.S.$5, 5 Billion
ZIMBABWE's foreign currency receipts reached US$5, 5 billion in the first half of 2023 driven by exports and diaspora remittances ...
Ethiopia’s exchange rate and the risk of a currency crisis
The exchange rate is the price of a currency relative to another currency or a basket of currencies. Unlike the ...
Zimbabwe: RBZ Clarifies Gold-Backed Digital Currency Legalities – Invites Subscribers
The Reserve Bank of Zimbabwe (RBZ) has clarified the legal framework for the inception of tokenized gold coins adding that ...
