Libyans buy foreign currency after government-imposed measures
09 November 2018 | 11:00 am
Libyans head to the banks to buy foreign currency through a bank card mechanism imposed by the Central Bank, a month after the U.N.-backed authorities imposed fees on foreign currency transactions.
In this article
Nigeria launches eNaira digital currency... CBN says transactions on the platform free for 90 days
25 Oct 2021
Here are a few reasons to pick up a copy of The Guardian on Tuesday. Find these stories and much more when you grab a copy of The Guardian on Tuesday.
4 Nov 2021
Local traders and residents reacted to the Taliban ban of foreign currencies for trade, at the Sarai Shahzada market in Kabul on Wednesday after the Taliban made the announcement on Tuesday. The US dollar has been used widely in Afghanistan’s markets before the ban.
26 Nov 2021
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has voted unanimously to retain the benchmark interest rate (MPR) at 11.5%, whilst keeping all other monetary parameters constant.
2 Dec 2021
Turkey's Finance Minister, Lutfi Elvan, has resigned amid another plunge in the value of the country's currency, the lira. He is being replaced by his deputy, Nureddin Nebati, who supports President Recep Tayyip Erdogan's controversial economic policies. The lira has lost almost half of its value this year as Erdogan has pushed for low interest rates, despite rising inflation. Also today, we look at how some French parents are choosing to rent toys for their children, instead of buying new ones.
4 Dec 2021
In October, the Central Bank of Nigeria launched the hugely-anticipated eNaira, joining the small league of countries to own their digital currency. But it hasn’t been smooth sailing for the currency that, according to the CBN, offers more possibilities. What do you think about the eNaira? How would you describe your experience with the eNaira app?
20 Feb 2022
India is expected to launch a digital version of its currency, the rupee. The plan for the sovereign-backed digital currency comes as the popularity of cryptocurrencies is on the rise.
21 Mar 2022
The United States Federal Reserve has raised interest rates for the first time since 2018, as it tries to cool inflation, which is running at the highest level in 40 years. The Chair of the central bank, Jerome Powell, said the implications of the Russian invasion were "highly uncertain", pointing to the risk of disruption to supply chains. Also today, we look at details of the French government's plan to ease the economic impact of the war in Ukraine.
4 Apr 2022
Following days of protests over soaring prices and fuel shortages, Sri Lanka's cabinet ministers have resigned en masse. The head of the central bank has also stepped down. We take a look at how the heavily indebted country got to this stage. Plus, our correspondents report on how Niger could be facing its worst food crisis in a decade, amid global food and energy shortages worsened by the war in Ukraine.
9 May 2022
Governor of the Central Bank of Nigeria, Godwin Emefiele, says he has not taken the decision to run for the Office of President of Nigeria in the 2023 general elections.
24 Jun 2022
A decade of currency stability has come to an end with the rising cost of necessities and dear luxuries. But the central bank seems to be determined to keep its weak yen policy.
21 Jul 2022
Soaring inflation is prompting the bank to raise interest rates from current historic lows. The move could put a brake on rising prices but might also dampen growth.
1 hour ago
Boris Pistorius told DW that Germany is willing to work with "reliable partners" like India and Indonesia. The German defense minister will be traveling to India alongside representatives from German's defense industry.
1 hour ago
Germany's center-left government wants to lower the voting age for nationwide elections from 18 to 16. Many young people support the idea, but the majority of the population has expressed skepticism.
1 hour ago
This year’s theme, “Navigating the crises – From 300 to 3000: How to deliver the next generation of African champions”, reflects on commitment to promote and help shape public policies that are conducive to a new and emerging generation of African companies with billion-dollar turnovers. Organisers of the event said the growth in number and size of African champions is crucial to minimising the impact of foreign crises on the continent’s markets.
2 hours ago
Some 200 international observers were on hand to monitor this year's proceedings for a single round vote based on proportional representation to elect 102 lawmakers.
2 hours ago
An investigation began into the deadly crash in the Indian state of Odisha, which took nearly 300 lives and left thousands injured. The accident is believed to have been caused by signal system failure.