Turkey fires central bank chief as economic crisis endures
No reason was given for Murat Cetinkaya's sacking, but the governor had been loath to cut the interest rate from 24%. Over the past year, Turkey has faced skyrocketing inflation as a result of a debt and currency crisis.
Facebook says its new cryptocurrency will be better than Bitcoin
Facebook Inc. unveiled plans for a new cryptocurrency that the social-media giant hopes will one day trade on a global scale much like the U.S. dollar. Called Libra, the new currency will launch as soon as next year and be what's known as a stablecoin -- a digital currency that's supported by established government-backed currencies and securities.
U.S. spares China from currency manipulator label
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."
Sub-Saharan Africa’s hard currency shortages weigh on businesses
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.
How a huge counterfeiting case led to plastic money
In 1966, Australia switched from pounds to decimal currency. The country’s central bank issued a new range of banknotes with modern safety features - including watermarks, woven metal thread and raised print. But these technologies couldn’t prevent a $900,000 swindle.
Zimbabwe plans to introduce currency 'In Next 12 Months': FM Ncube
Zimbabwe Finance Minister Mthuli Ncube discusses the nation's currency regime, help needed from foreign institutions and investors, and plans for introducing a new currency.
Nigerian investors await Primary Market Auction
Traders say they expect interbank rates to ease further as Nigeria's markets anticipate a further liquidity boost this week. Emmanuel Mordi, Currency Trader at UBA joins CNBC Africa to review activities at the fixed income and forex markets after today's primary market auction.
Zimbabwe gets a new currency
The central bank in Zimbabwe has launched a new, devalued currency to combat a cash shortage.