Ghana plans to pay for fuel purchases with gold bars
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 […]
currency
Angola: The National Bank sells $500 million in debt securities
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
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
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
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
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
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
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
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
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 […]