Thursday, 28th September 2023
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5 Mar
The country's top court ordered the government to extend a deadline for citizens to swap old bills for new ones. A judge said the president had behaved like a "dictator" in his rush to carry out the banknote redesign.
22 Feb
Data by the Central Bank of Nigeria shows that currency in circulation fell 53.3 per cent to 1.5 trillion naira from October 2022 to January 2023.
4 Feb
Russia has started selling its growing reserves of the Chinese currency to fill a budget deficit caused by falling oil and gas revenues and the costs of war. For how long will the yuan shore up Putin's ailing economy?
23 Nov 2022
The CBN governor, Godwin Emefiele, said the decision was prompted by concerns with the management of the current series of banknotes, the increasing risk of naira counterfeiting as well as the persistent large-scale hoarding of the naira which has resulted in a worrisome situation where over 80 percent of the currency in circulation is outside the banking system.
30 Oct 2022
Currencies are depreciating around the world and wreaking havoc on economies. But as the strong US dollar hits foreign demand, some American businesses are also experiencing painful losses.
27 Jul 2022
Zimbabwe introduces gold coins as local currency tumbles.
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.
22 Feb 2021
The change is a key reform demanded by foreign donors and the International Monetary Fund (IMF). The country is hoping to overhaul its debt-laden, inflation-hit economy.
27 Dec 2020
Hundreds of angry Iraqis protest in several cities against a currency devaluation that has slashed their purchasing power amid a pandemic-fuelled economic crisis. The Central Bank of Iraq (CBI) at the weekend devalued the currency by over a fifth against the US dollar, officially re-pegging the dinar at a bank rate of 1,460 to the greenback.
28 Oct 2019
Center-left candidate Alberto Fernandez has capitalized on rising poverty, soaring inflation and a battered currency under conservative incumbent Mauricio Macri. A Fernandez victory has spooked markets.
27 Oct 2019
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.
15 Sep 2019
Jordan Rochester, a currency strategist at Nomura International, discusses Brexit and the pound on “Bloomberg Surveillance.”

Latest

25 mins ago
Since 2019, when two French citizens were kidnapped from Benin's Pendjari National Park and their local guide murdered, the West African country has been dealing with regular incursions by armed groups, including terrorists. According to official figures, 40 civilians and 20 soldiers have been killed over the past three years. Our regional correspondents followed the Beninese army in the northern border areas, where it has beefed up its presence.
32 mins ago
The president has ordered officials to "take a firm stance." Germany's human rights commissioner has raised concern over the rights situation in the region that forces many to flee.
32 mins ago
In 2021, Belarusian President Alexander Lukashenko began letting migrants cross his country's border into Poland to retaliate against EU sanctions. Poland strengthened its border controls, but the number of illegal migrant crossings into Germany has been surging in recent months. The Brandenburg region in eastern Germany now finds itself at the crossroads between the Belarus and Balkans migrant routes.
2 hours ago
The Cook Islands and Niue have been recognized by the United States as "sovereign and independent states." The move appeared to be aimed at curbing further Chinese inroads into the Pacific region.
3 hours ago
Mali's military leadership has said presidential elections could not be held on schedule due to "technical" reasons. Since taking power in 2020, the junta has promised to hold elections, but has repeatedly issued delays.
3 hours ago
Niger has hailed France's withdrawal as a "step towards sovereignty." But experts argue that the move has broad implications for the country, the Sahel region and beyond.