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...
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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...
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...
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...
