Facebook says its new cryptocurrency will be better than Bitcoin

The Economic Intelligence Unit says businesses in some of sub-Saharan Africa’s largest economies have been forced to close or reduce production over access to hard currency or working capital to keep their import-dependent operations afloat. Benedict Craven, Country Risk Manager at Economic Intelligence Unit joins CNBC Africa for more.

The Treasury Department again refrained from labeling China a currency manipulator, while it expanded the number of countries it scrutinizes for currency manipulation to 21 from 12; Ireland, Italy, Vietnam, Singapore and Malaysia joined the watch list. Greg Sullivan reports on "Bloomberg Daybreak: Australia."

Facebook unveiled plans for a new, global financial system with a broad group of partners from Visa to Uber on board to create a cryptocurrency it expects will one day trade much like the U.S. dollar and inject a new source of revenue.

With official inflation up markedly, Zimbabwe abandons the use of foreign money at home. It is intended to strengthen the local currency and ween the country off the US dollar and the South African Rand.

US lawmakers to question Facebook over digital currency plan

A difficult exchange. CFA France value hit by scarce foreign currency reserves.

The US Treasury has designated China a currency manipulator following the devaluation of the yuan. According to the department, the yuan's steep drop gives China an unfair competitive advantage in international trade.

President Mauricio Macri's government has imposed foreign-exchange controls on Argentine exporters. A week of financial uncertainty has led to a sharp drop in the value of the peso.

Argentina's spiraling peso rallied slightly after the country imposed capital controls. Despite government assurances, long lines formed outside banks with people worried about being able to withdraw their cash.

Facebook's Libra, billed as an alternative to traditional banking, has sparked concerns from central bankers and regulators around the world. The currency has been criticized as a threat to sovereignty and stability.

Asia is bracing for the latest U.S. Treasury report on foreign currency manipulators, coming in the middle of a trade war that shows no sign of ending. The twice-yearly report is due in coming weeks and will likely see the return of Singapore, Malaysia and Vietnam on the watchlist. Nasreen Seria reports on "Bloomberg Markets: Asia."

Nigeria’s President Mohammadu Buhari has expressed displeasure about Francophone West Africa’s adoption of the Eco in replacement for its CFA Franc ahead of other ECOWAS Member States. Buhari says it was a matter of concern that people with whom others wished to go into a union were taking major steps without trusting their counterparts for discussions. Tilewa Adebajo, CEO of CFG Advisory joins CNBC Africa for more.