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Ghana plans to pay for fuel purchases with gold bars

November 28, 2022 Steven Addamah 0

Ghana is considering paying for its fuel purchases in gold bars, according to an announcement by Ghana’s vice president, Mahamudu Bawumia. The government’s stated aim […]

Angola: The National Bank sells $500 million in debt securities

November 2, 2022 Geraldine Boechat 0

The National Bank of Angola announced Tuesday that it will make public debt securities from its foreign currency portfolio in the amount of US$500 million […]

Ethiopia blocks the import of “non-essential” products

October 17, 2022 Steven Addamah 0

The Ethiopian government has banned banks from providing foreign currency to importers of some 40 products, including vehicles and alcohol, preventing them from being imported […]

Nigeria launched the new version of its digital currency eNaira

October 26, 2021 Steven Addamah 0

Nigeria on Monday finally officially launched a new digital version of its currency, the eNaira, President Muhammadu Buhari announced. Abuja says the crypto-currency saves on […]

Sudan’s central bank to print 100-pound banknotes as inflation worsens

October 2, 2018 Steven Addamah 0

Sudan’s central bank will start printing 100-pound banknotes for the first time as it struggles to deal with a liquidity crisis and rampant inflation. The […]

Gambia to change currency with Jammeh’s head

January 17, 2018 Khalid Al Mouahidi 0

Gambia’s Central Bank will phase out local currency – the dalasi – which has the head of former President Yahya Jammeh as of February, Africa […]

Sudan bans importation of additional 19 goods to protect its currency

December 11, 2017 Geraldine Boechat 0

The Sudanese government has imposed temporary ban on selected foods in an effort to protect its currency and narrow its budget deficit, Reuters reports. The […]

Ethiopia devalues Birr to cope with foreign currency crunch

October 11, 2017 Steven Addamah 0

The National Bank of Ethiopia (NBE) on Tuesday announced a devaluation of the country’s currency, the birr by 15% in a bid to cope with […]

The sinking of Egypt’s currency

April 25, 2013 Steven Addamah 0

The Egyptian pound is still going through its worst period after reaching a new all-time low against the United States dollar at an average of […]

Egypt: Central bank holds special auction

April 15, 2013 Geraldine Boechat 0

The obligation to provide basic imported commodities has forced the Egyptian central bank to auction $600 million. Despite such an amount, foreign exchange dealers believe […]

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