African Nations Turn to Gold to Protect Against Currency Losses – BNN Bloomberg
(Bloomberg) -- African nations are rushing to build their gold reserves to hedge against geopolitical tensions that have battered their...
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Zambia Should Hold Off on Dedollarization, Top Lender Says – BNN Bloomberg
(Bloomberg) -- Zambia should first stabilize its economy and build confidence in its own currency before trying to reduce the...
Kenya’s Riots Send Shilling on Its Longest Slide Since January – BNN Bloomberg
(Bloomberg) -- Anti-government riots that disrupted Kenya’s economy for the past month and spooked investors are hurting its currency, which...
Should African central banks pursue digital currencies?
A Central Bank Digital Currency (CBDC) is an electronic form of a country’s official currency. They have recently become a...
Zimbabwe’s Imara Says Push to ZiG Sole Currency Is ‘Startling and Concerning’ – BNN Bloomberg
(Bloomberg) -- Zimbabwe should restore the trust of its citizens rather than suggest they be forced to abandon the dollar,...
Fintechs Fly Planes of Cash Into Zimbabwe to Meet Demand for Dollars – BNN Bloomberg
(Bloomberg) -- At least once a month — and sometimes as often as three times a week — a private...
Nigerian Central Bank Dollar Sales Fail to Stem Naira Weakness – BNN Bloomberg
(Bloomberg) -- Nigeria’s naira extended its losing streak to a fourth day, slipping to the weakest level since March despite...
Zimbabwe Bankers Back Plan to Adopt ZiG as Sole Currency Before 2030 – BNN Bloomberg
(Bloomberg) -- Zimbabwe’s banks support adopting the ZiG as the nation’s sole currency before the current target date of 2030,...
Uganda Is Latest African Nation Eying Gold as a Currency Shield – BNN Bloomberg
(Bloomberg) -- Uganda plans domestic gold purchases to build foreign exchange reserves and limit risks on reserve investments, becoming the...
Zimbabwe’s ZiG is the world’s newest currency
HARARE, Zimbabwe (AP) — Out with the Zimbabwe dollar, in with the ZiG.Zimbabwe on Tuesday started circulating a new currency...
