Nigerian Currency Depreciation: Central Bank Head Reaffirms Commitment to Reviving Confidence in the Economy
The Nigerian central bank remains committed to building confidence in the economy but that hinges on the implementation…
Browsing Tag
foreign exchange
29 posts
Nigeria Forex Crisis: Central Bank Removes Cap on Exchange Rate for International Money Transfer Operators
The Central Bank of Nigeria announced on Jan. 31 that it had removed caps on naira payout rates…
Nigerian Currency Plunges to New Low Versus the USD, Central Bank Governor Says Naira is ‘Undervalued’
The Nigerian currency reportedly plunged to a new low versus the U.S. dollar on the official market on…
India targets ‘offshore’ exchanges; China takes aim at Tether conversions
India’s FIU issued ‘compliance show cause’ orders to nine digital asset exchanges alleging them of “operating illegally without…
Ghana’s Central Bank Names Eight Money Transfer Companies Operating Without Its Approval
The Bank of Ghana recently pointed the finger at eight money transfer organizations which are allegedly operating in…
Nigerian Central Bank Dismisses Old Naira Banknote and Cash Shortage Rumors
The Nigerian central bank has dismissed rumors suggesting that the previously demonetized naira banknotes are no longer legal…
Nigeria Plans to Include Fintechs in Broadened Official Currency Market
A Nigerian official recently said the foreign exchange-starved country plans to include “legitimate” market participants like bureaux de…
Nigerian Central Bank Lifts Forex Restrictions on 43 Items — Market Forces to Determine Exchange Rate
The Nigerian central bank said on Oct. 12 that it had lifted foreign exchange restrictions imposed on the…
BIS concludes wholesale CBDC experiment for FX, cross-border payments
The Bank for International Settlements has released the Project Mariana report, exploring challenges and solutions in a wholesale…
Tanzanian Central Bank Launches Foreign Exchange Reserves Boosting Gold Buying Scheme
The Bank of Tanzania said on Sept. 25 that it has kickstarted an initiative that seeks to boost…