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Stablecoins are surging in popularity across Sub-Saharan Africa, accounting for 43% of crypto transactions compared to bitcoin’s 18.1%. This trend...
Foreign exchange
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Ghana’s central bank launched a gold coin to boost domestic savings and manage liquidity. The coins are available in October...
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The Reserve Bank of Zimbabwe (RBZ) has devalued the Zimbabwe Gold (Zig) by 44%, causing the currency to plummet from...
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The Nigerian Naira weakened significantly against the U.S. dollar following the Central Bank of Nigeria’s (CBN) decision to hike interest...
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The National Bank of Ethiopia (NBE) said it will conduct a special foreign exchange auction on Aug. 7. The Ethiopian...
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The Nigerian government has been urged to abandon a floating foreign exchange system and reintroduce subsidies in the power and...
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The Central Bank of Nigeria (CBN) will reintroduce a foreign exchange auction system as part of efforts to ease pressure...
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The Ethiopian Prime Minister, Abiy Ahmed, has defended the decision to float the birr and insisted that this move does...
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The Bank of Ghana has recently launched a centralized online foreign exchange trading platform. This platform aims to enhance secure...
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Zimbabwe’s central bank, the Reserve Bank of Zimbabwe (RBZ), has injected over US$50 million into the interbank foreign exchange market...
