Currencies

Prime Minister Narendra Modi will land in Rio De Janeiro early Sunday (July 6, 2025) morning to attend the BRICS summit (July 6-7), along with leaders of the newly inducted members including Egypt, Ethiopia, UAE, Iran and Indonesia. All eyes will be on a Leaders’ Joint Statement, especially given India’s focus on terrorism after the Pahalgam attack and Operation Sindoor, as well as differences with new members over reforms in the UN Security Council , amid the absence of two key leaders, Russian President Vladimir Putin and Chinese President Xi...

Nearly half of African currencies have shown signs of depreciation despite steady development across the continent, according to the latest edition of the Monthly Developments in the African Macroeconomic Environment report published by the African Export-Import Bank (Afreximbank) for June 2025.The report, which analyzed exchange rate dynamics for May 2025, revealed a mixed performance across African economies.While some currencies appreciated or remained stable, others experienced significant declines, reflecting the continent’s exposure to global economic volatility and domestic fiscal pressures.Currency Trends: Gains and Losses According to Afreximbank, countries such as Ghana, South...