Why Ethiopia Ended Half a Century of Currency Control – BNN Bloomberg
(Bloomberg) -- For the past half-century, Ethiopia tightly controlled the official value of its currency, the birr. That changed in...
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Emerging Currencies Clock Best Week of 2024 in Wake of Selloff – BNN Bloomberg
(Bloomberg) -- Emerging-market currencies posted their best week of 2024, rebounding from Monday’s brutal selloff with a bang as concerns...
All About ZiG, Zimbabwe’s Latest Shot at a Stable Currency – BNN Bloomberg
(Bloomberg) -- Zimbabwe’s sixth attempt in 15 years to establish a national currency is already running into trouble. The ZiG, short...
African Central Banks Step in to Prop Up Slumping Currencies – BNN Bloomberg
(Bloomberg) -- African central banks are stepping up uncoordinated interventions in their markets to prop up their slumping currencies and...
Brics+ reserve currency: Alternative or non-starter for Africa?
By CHRIS ERASMUS The Brics+ geopolitical alignment has recently emerged as one route away from what is seen is as...
Ethiopian Central Bank Sells Dollars at Special Auction – BNN Bloomberg
(Bloomberg) -- The National Bank of Ethiopia sold dollars to commercial lenders as it seeks to close the gap between...
Latin American Currencies Slide as Global Rate Decisions Loom – BNN Bloomberg
(Bloomberg) -- Latin American currencies led losses in emerging markets as traders brace for a swath of central bank decisions...
Ethiopia secures $3.4 billion IMF deal after floating Birr currency – Firstpost
The Horn-of-Africa nation, which is struggling with high inflation and chronic foreign currency shortages, became the third economy on the...
Emerging Currencies Drop, Stocks Gain Ahead of Data-Heavy Week – BNN Bloomberg
(Bloomberg) -- Developing currencies fell Monday as the dollar strengthened, with Latin America underperforming peers, as investors wait for major...
Ethiopia Frees Its Currency to Attract Investors, Spur Growth – BNN Bloomberg
(Bloomberg) -- Ethiopia allowed its currency to trade freely in a bid to attract investors as it awaits a bailout...
