currency

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Hopes of quick realization of the ECOWAS single currency project remain dim as countries within the West African Monetary Zone (WAMZ) are battling hydra-headed challenges, which have made it difficult for them to meet all the four primary…

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Zimbabwe is making yet another attempt to stabilise its currency that’s under “enormous pressure,” with inflation driving demand for US dollars, according to the country’s finance chief. The government announced that businesses will,…

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The Speaker of the Economic Community of West African States (ECOWAS) Parliament Dr Sidie Tunis has called for more political commitment towards the adoption of the ECOWAS common current. Dr Tunis made the call at the fifth Legislature…

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The Egyptian pound drops to 25.90 against dollar on Wednesday, its biggest one-day move since the central bank allowed it to fall by 14.5% on 27th October, according definitive Data. It was about 24.70 to the dollar at the opening of the…

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Egypt is set to develop a new currency indicator to wean people off the idea that the Egyptian pound should be pegged to the U.S. dollar, the new central bank governor has said. Hassan Abdalla who…

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Ethiopian has ordered banks to deny foreign currency to businesses importing non-priority goods, in an effort to shore up dwindling foreign reserves in one of Africa's major economies. The move effectively freezes the import of dozens of…