Libyans buy foreign currency after government-imposed measures
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.
New U.S. sanctions send ruble falling
The ruble plunged as the U.S. announced new sanctions against Russia over the nerve agent attack in the U.K. The currency sank to its lowest since November of 2016. The penalties, which are expected to come into effect on August 22, will limit American exports of sensitive goods and technology.
Pakistan doesn't see need to devalue currency, Ismail Says
Pakistan Adviser to the Prime Minister for Finance and Economics Miftah Ismail discusses the outlook for economic growth, the possibility of devaluing the country's currency. and bond sales.
Fmr. risk manager says Bitcoin's value is uncertain
Aaron Brown, a former risk manager at AQR Capital Management, discusses assigning a valuation to bitcoin, bitcoin as a digital payment currency and his outlook for cryptocurrencies.
Nigerian banks and foreign currency loans
According to a report by Ratings Agency Moody's, Nigerian banks stand to gain from moderating their foreign currency lending.
Erdogan claims win in Turkish referendum
The lira jumped as Turkish citizens voted to endow President Recep Tayyip Erdogan with vast new executive powers, in a narrow referendum victory that may rekindle interest in 2017’s worst-performing emerging market currency.
Naira rallies against dollar
Nigeria's local currency the naira, rallied to 460 to the dollar last Friday, its highest level in more than 3 months. The currency got a boost from the Central Bank of Nigeria which sold 221 million dollars to 16 banks last week.
Naira nears N503 to dollar as forex scarcity bites harder
Nigeria's local currency, the naira, is now trading at an all- time low of 503 to the US dollar, as the forex scarcity bites harder.