Nigeria: Currency reform deepens socio-economic crisis
The devaluation of the naira against the dollar has plunged Nigerians into a deep socio-economic depression. The price of basic foodstuffs can double or even triple in the same day.…
Zimbabwe gets a new currency
The central bank in Zimbabwe has launched a new, devalued currency to combat a cash shortage.…
Maduro’s oil leverage drips away
Venezuela's socialist rulers have lived well off the nation's oil industry for many years. But planned US sanctions could call time on Nicolas Maduro's rule and stop the flow of foreign currency.…
The case ‘for and against’ floating the naira
Governor of the Central Bank of Nigeria, Godwin Emefiele says allowing the naira to float freely would have caused a currency crisis and capital flight. He made the remark in response to…
Brexit: British pound optimism a bit premature?
Brexit has been a humbling affair for many Brits; so too their beloved currency, the pound. Having fallen 15 percent against the euro since the June 2016 referendum, is it too soon…
Nigeria’s forex reserves gain $6.4mn in 3 weeks
Nigeria's FX reserves rose by 6.4 million dollars to 43.05 billion naira between the 17th of December to the 9th of January; Deinma Iyagba, Currency trader at UBA joins CNBC Africa to…
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…
41 items still banned under Nigeria-China currency swap deal – CBN
The Central Bank of Nigeria has announced that the Nigeria- China currency swap deal will not cover the importation of the 41 items blacklisted from the official foreign exchange.…
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.…