A significant development has unfolded as International Money Transfer Operators and banks across Nigeria have ceased the issuance of dollar payments to their clientele. This move…
Browsing: dollar
Nigeria’s currency, Naira experienced a historic decline in the parallel market on Tuesday, driven by persistent dollar shortages and a surge in demand for the greenback.…
Nigerians hurried to purchase dollars a week after the central bank announced it would issue higher-value notes, causing the naira to plunge to a record low…
The dollar rose to a fresh five-week high against the south african rand on Monday as more Federal Reserve members signaled the prospect of swift interest…
The rand sank in early trade on Monday as the US dollar climbed to a two-decade high amid mounting fears about global economic growth stalling and…
The Central Bank of Libya, on Wednesday, announced a change in local dinar’s exchange rate against the dollar, in an attempt to introduce economic reforms in…
By the first half of 2019/2020, covering more than six months of imports, Tanzania accumulated $5.5 billion worth of gold and dollar reserves The country’s benchmark…
Nigeria’s central bank has introduced longer-term contracts on the naira in a move to attract more foreign inflows, shore up its dwindling dollar reserves and prevent…