The Zimbabwean central bank has announced that all is in place to distribute the new ZWG notes. In an official statement, the bank said financial institutions have finalized the necessary logistics and operational modalities to ensure a "seamless" transition.

Central Bank Governor John Mushayavanhu said the "Big Five" series has already been rolled out nationwide in quantities sufficient for

The Reserve Bank of Zimbabwe (RBZ) has announced plans to introduce newly designed ZWG notes, effectively phasing out the old 'defiled' versions. Since the ZWG was launched on April 5, 2024, it has faced significant challenges, including a 43% devaluation in September 2024, which undermined its gold-backed status.

In some areas, people have started using

Gold coins were reintroduced to the market by the Reserve Bank in April to counter the rising global gold price. However, economists say the short-lived sale had minimal impact on the economy. The sale of coins from its accumulated stock abruptly ended in mid-June, and another chapter in the country's currency chaos was written, writes

The Nigerian government has taken steps to prevent further depreciation of the Naira by infusing more than U.S. $8 billion into the economy. This has led to the strengthening of the local currency across the foreign exchange market. Economists have, however, warned that the Naira's appreciation could be "temporary", urging policymakers not to get "carried away".

The country experienced one

Markets have responded positively to announcement by Gabon's transitional government that presidential election will take place on April 12, 2025, which will mark a return to civilian rule. The military, led by current transitional president General Brice Oligui Nguem, overthrew former president Ali Bongo in 2023 following a

Zimbabwe's gold-backed currency is facing continued challenges as retailers continue to implement three-tier pricing systems to offer customers three prices for the same product, based on their payment method.

Some of the retail outlets are still limiting the number of products that can be paid for in the local currency while others are making local currency purchases complicated.

ZiG, short for

During a meeting of the Ecowas parliament this week in Abuja, the department of economic affairs and agriculture in the Ecowas Commission called for the expedited implementation of the single currency program.

The report stresses that the department be provided the "necessary human resources" to fulfill this mandate. Other regional lawmakers supported the call, which, they say, has seen little progress despite long-standing discussions.

Zimbabwe's newly launched gold-backed currency, the Zimbabwe Gold (ZiG), has shown promise in its first week of trading, appreciating by 1.1 percent against the U.S. dollar amidst rising gold prices due to global tensions. 

The currency, introduced to replace the inflation-ridden old Zimbabwean dollar, saw a positive response from banks, traders, and businesses, with successful conversions from the old currency. ZiG is set to circulate alongside other foreign currencies until 2030 and

Ghana has, as part of its Extended Credit Facility programme with the International Monetary Fund (IMF), reached an agreement with its Official Creditors under the G20 Common Framework, writes Kingsley Asare for Ghanaian Times.

This paves the way for the IMF Executive Board to approve the first review of the Fund-supported programme to allow for the second tranche of IMF financing of US$600 million to be disbursed under the three-year U.S.$3 billion deal.

The Supreme Court in a review of an earlier ruling, has now ruled on Wednesday, November 29, 2023 that both the old and the redesigned Naira banknotes remain valid legal tender in Nigeria beyond December 31, 2023 writes Ameh Ejekwonyilo for Premium Times.

The ruling extends the lifespan of the redesigned 200, 500 and 1,000 naira notes. The court ruling states that the banknotes should remain in circulation, pending when the federal government takes a decision,