China leads in race for digital currency
China's central bank has made steady advances in its goal of launching the world's first major sovereign digital currency. As the EU begins prepping a digital euro, DW considers the impact of…
Buhari stops Nigeria’s Central Bank from issuing foreign exchange for food imports
These are trying times for Nigeria's economy, as an expected recession means the government has to take pro-active steps to mitigate the impact of the recession and recover in the shortest period.…
Brexit: European Central Bank’s Lagarde ‘hopes’ for ‘positive outcome’
The European Central Bank is hoping for a "positive" outcome to the negotiations on the future relationship between the United Kingdom and the European Union despite "what has been observed in the…
Wirecard’s missing billions not in the Philippines, central bank says
Wirecard was said to have $2.1 billion in two Philippine banks, but the country's central bank said that documents linking them to the money were fake. The German financial startup has been…
COVID-19 mitigation: Has Nigeria’s Central Bank done enough to protect the economy
As five more COVID-19 cases were confirmed in Nigeria on Wednesday, the government swung into action and made some swift reforms which include the reduction of petrol pump price – a N1.5…
What’s in the ECB’s coronavirus emergency pandemic plan?
The European Central Bank unveiled a multi-billion euro plan to help economies struggling with the fallout of the coronavirus. But how will it help economies brought to a standstill by emergency measures?…
Two gold refineries set to begin operations in Nigeria
Nigeria has licensed two gold refineries to produce gold for export and for the central bank to hold in its reserves, Minister of Mines and Steel Development, Olamilekan Adegbite told reporters in…
Ghana Central Bank governor sees room for looser policy
Ghana’s central bank has additional space to loosen policy thanks to the global move toward lower interest rates, as long as inflation slows, according to Governor Ernest Addison. He was interviewed by…
Lebanon scoops new deposits in $1.4 billion boost to reserves
One week after Lebanon’s credit rating was cut deeper into junk territory by Fitch, the country’s central bank governor told Bloomberg they have secured new deposits from private investors overseas, boosting dollar…
Central bankers to keep credit hot?
As waves of easy monetary policy wash over the world’s financial markets, some of euro-denominated high-yield bonds are now trading with a negative yield. But in a sign of increasing bifurcation between…
US Federal Reserve lowers interest rate for first time in over a decade
The US central bank cut interest rates for the first time since 2008, citing concerns about the global economy. The move comes amid economic uncertainties amid President Donald Trump's trade wars and…