April 23
Zimbabwe: Zimbabwe Authorities Troubled By Tumbling New Currency
Zimbabwean authorities responded swiftly to the recent decline in the new gold-backed currency by apprehending illicit moneychangers and closing the bank accounts of businesses… Read more »
April 16
Zimbabwe: Zimbabwe's New Gold-Backed Currency Sliding On Black Market
Zimbabwe's recently introduced gold-backed currency is sliding on the local black market but officials insist the currency is getting stronger and has a bright future. Columbus… Read more »
March 11
Nigeria: Nigeria's Cryptocurrency Crackdown Will Have Consequences, Experts Say
Economic analysts and crypto enthusiasts are raising concerns following Nigeria's ban on end-to-end transactions -- a type of payment processing -- involving its currency, the… Read more »
June 27, 2023
Zimbabwe: Inflation Hits 175% As Currency Continues Crashing Against US Dollar
Zimbabwe officials say the country's annual inflation rate more than doubled from May to June, to more than 175%. Economists say multiple devaluations of Zimbabwe's struggling… Read more »
May 12, 2023
South Africa: Common Currency On Agenda for BRICS Summit
The creation of a BRICS currency will be one of the main topics up for discussion when the group of five emerging nations - Brazil, Russia, India, China and South Africa -- meet in… Read more »
February 04, 2023
Nigeria: Authorities Call for Calm As Citizens Protest Cash, Fuel Shortages
Nigerian Central Bank authorities are calling for calm as citizens march in the streets protesting cash and fuel shortages days ahead of the February 10 deadline when the country… Read more »
December 22, 2022
Nigeria: Central Bank Raises Cash Withdrawal Limits After Public Outcry
The Central Bank of Nigeria has raised the maximum weekly limit for cash withdrawals after a public uproar over the caps it announced two weeks ago. The new limit is five times… Read more »
November 03, 2022
Nigeria: Currency Hits Record Lows As Citizens React to Govt's Redesign Plan
Nigeria's currency, the naira, has dropped to a record low against the U.S. dollar as Nigerians scramble to buy U.S. currency ahead of a redesign of naira notes. Nigerian… Read more »
October 27, 2022
Nigeria: Analysts Criticize Nigeria's Plan to Redesign Currency
The Central Bank of Nigeria (CBN) is planning on replacing its naira currency to reduce excess cash, inflation and crime. Although the currency could be in circulation as early as… Read more »
October 25, 2022
Nigeria: Nigeria Marks Digital Currency Anniversary, Still Struggling for Its Adoption
The Central Bank of Nigeria is marking one year since launching Africa's first digital currency, the e-Naira, which leaders hoped would boost the economy and fight inflation. But… Read more »