Nigerian Central Bank Lifts Forex Restrictions on 43 Items — Market Forces to Determine Exchange Rate
The Nigerian central financial institution mentioned on Oct. 12 that it had lifted international change restrictions imposed on the importation of 43 gadgets. The central...
Russia’s Yuan Shift: EBRD Economist Warns of Waning US Dollar Dominance
In a current interview, the European Bank for Reconstruction and Development’s (EBRD) chief economist, Beata Javorcik, highlighted a notable pattern: Russia’s rising inclination to transact...
Report: Nigerian Central Bank Sued for Dollarizing Economy
In a lawsuit filed by a Nigerian human rights activist, the nation’s central financial institution is accused of failing to cease the dollarization of the...
Nigerian Currency Plunges to All-Time Low Versus Dollar, Central Bank Revokes Licenses of two,700 Currency Exchanges
The change charge of the Nigerian foreign money versus the dollar not too long ago plunged to an all-time low of NGN860:USD1. The naira’s depreciation...
Report: Zimbabwean Economist Says Portion of Goverment Employees’ Salaries Must Be Paid in Gold Coins
A Zimbabwean economist has mentioned authorities ought to think about paying a portion of presidency workers’ salaries with gold cash. The economist mentioned partially paying...
South African Minister Tells BRICS Nations Not to Rush Decision on Common Currency
The South African minister of worldwide relations, Naledi Pandor, has urged Brazil, Russia, India, China and South Africa (BRICS) international locations to be cautious of...
BRICS Bank ‘Re-taps Into USD Bond Market’ With $1.25 Billion ‘Green’ Bonds
The improvement financial institution established by the BRICS group of countries has issued its first “green” bonds in U.S. {dollars} (USD). Proceeds from the location...
De-Dollarization Escalates Amid US ‘Economic Warfare’ and ‘Error-Fraught’ Policies, Economist Says
Economist Peter C. Earle says de-dollarization has begun, emphasizing that “It’s not just the conscription of the dollar in economic warfare, but increasingly error-fraught monetary...
Report: Somalia to Fight Inflation and Counterfeiters With New Banknotes
According to the deputy governor of the Somalian central financial institution, Ali Yasin Wardheere, the establishment plans to battle inflation and forex counterfeiters with newly...
Bank of England to Double Long-Dated Gilt Buy-Backs, QE Policy to See an ‘Orderly End’ in Mid-October
After the British pound sterling tapped an all-time low towards the U.S. greenback on September 26, the Bank of England (BOE) mentioned it will halt...