Currency dealers were accused of exchanging naira at a rate lower than 400 naira to $1. Nigerian intelligence agents have raided offices of black market currency dealers accused of exchanging the...
Government is working to reduce the wage bill from the current 51 percent to 40 percent in 2017 in order to invest in social and economic services. President John Mahama disclosed this at the 21st...
Zimbabwean human rights lawyers asked the High Court on Tuesday to strike down a decree by President Robert Mugabe allowing the introduction of "bond notes", which have raised fears of a return to a...
The U. S. dollar hit an 11-month peak on Monday as the risk of faster domestic inflation and wider budget deficits if Donald Trump goes on a U.S. spending binge sent Treasury and other benchmark...
HSBC China announced on Friday that it has been approved to be one of the first market makers for direct trading of the Chinese currency Renminbi (RMB) against the Canadian dollar in the inter-bank...
The pound has continued to recover ground following this week's US election result. The news will bring some respite to businesses that import goods, and to holidaymakers buying foreign currency. For...
Long queues continue outside banks and several ATMs have run out of cash in India, three days after 500 ($7) and 1,000 rupee notes were withdrawn as part of anti-corruption measures. The BBC visited...
A searing selloff rocked Asian shares and emerging market currencies on Friday as investors feared higher U. S. interest rates under incoming President Donald Trump will spark capital outflows from...
People have queued up outside banks across India to exchange 500 and 1,000 rupee notes after they were withdrawn as part of anti-corruption measures. Indians will be able to exchange their old notes,...
The Institute of Certified Economists of Ghana, has ruled out any likely effect on the performance of the cedi against the dollar in the short to medium term following the election of a new President...
The Institute of Certified Economists of Ghana, has ruled out any likely effect on the performance of the cedi against the dollar in the short to medium term following the election of a new President...
Chinese exporters have remained calm after the US presidential election result, saying they had prepared for inevitable exchange rate fluctuations, and see little impact on China’s exports to the...
Shanghai’s free trade zone will be the test bed for yuan-denominated bond trading targeting overseas investors this month when the city government issues no more than 3 billion yuan (US$442...
Indian Prime Minister Narendra Modi Tuesday announced the existing currency notes of 500 and 1,000 Indian rupees will be withdrawn from the country's financial system. According to Modi, the currency...
Ever heard of the currency Pula? Well it’s one of the best performing and valuable currencies in Africa from the SADC of the south of Africa. What makes an economy robust that is stable and...
Egypt's pound avoided the sharp drop that many had feared on its first day as a freely traded currency, but bankers said that was because years of dollar shortages had starved the market of...
Egypt tried to draw a line under a deep economic crisis Thursday by allowing its currency to float freely. The move saw the Egyptian pound crash 48% against the U. S. dollar, but should mean the...
The activities of speculators which cause the cedi to depreciate against some major trading currencies may have minimal impact on the currency as the elections approach. This is the position of some...
Wall Street recovered some losses on Friday but still closed lower, with U. S. stocks and the dollar falling after the Federal Bureau of Investigation said it would probe additional emails related to...
As the contention between some bankers and the Finance Minister continue over the issuance of local dollar denominated bond, Economist, Dr. Eric Osei-Assibey has warned that issuing such bonds must...
