Zambian Currency, the Kwacha, Plunges to New Record Low Against US Dollar
Zambia’s worsening shortage of foreign exchange as well as one of its worst droughts in recent memory saw…
Browsing Tag
US dollars
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Peter Schiff Discloses Downside Target For Bitcoin, Downtrend Imminent?
[[{“value”:” Peter Schiff, a popular critic of Bitcoin and staunch advocate for Gold, has delved into the ongoing…
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…
Russia’s Yuan Shift: EBRD Economist Warns of Waning US Dollar Dominance
In a recent interview, the European Bank for Reconstruction and Development’s (EBRD) chief economist, Beata Javorcik, highlighted a…
Report: Nigerian Central Bank Sued for Dollarizing Economy
In a lawsuit filed by a Nigerian human rights activist, the country’s central bank is accused of failing…
Nigerian Currency Plunges to All-Time Low Versus Dollar, Central Bank Revokes Licenses of 2,700 Currency Exchanges
The exchange rate of the Nigerian currency versus the greenback recently plunged to an all-time low of NGN860:USD1.…
Report: Zimbabwean Economist Says Portion of Goverment Employees’ Salaries Must Be Paid in Gold Coins
A Zimbabwean economist has said authorities should consider paying a portion of government employees’ salaries with gold coins.…
South African Minister Tells BRICS Nations Not to Rush Decision on Common Currency
The South African minister of international relations, Naledi Pandor, has urged Brazil, Russia, India, China and South Africa…
BRICS Bank ‘Re-taps Into USD Bond Market’ With $1.25 Billion ‘Green’ Bonds
The development bank established by the BRICS group of nations has issued its first “green” bonds in U.S.…