Zimbabwe authorities mix charm with force in an attempt to shore up the world’s newest currency
The introduction of the world’s newest currency in April inspired a reggae artist to record a song praising the ZiG, ...
Tag: Currency
Senator Ned Nwoko Calls For Use Of Naira As Only Legal Currency In Nigeria
Abuja, NIGERIA — The mighty dollar is steamrolling everything right now, causing issues for economies almost everywhere— Nigeria worse-hit— forcing ...
Old Naira Notes To Remain Till Further Notice, says Supreme Court
Nigeria’s Supreme Court has ruled that both the old and new Naira notes will continue to coexist until further notice.
World Bank lists Naira among worst-performing African currencies
Other currencies with significant losses so far in 2023 in Africa which included South Sudan (33 per cent), Burundi (27 ...
An overvalued Egyptian pound increases the risk of default – Capital Economics
Any further delay in the genuine adoption of a flexible exchange rate would make it harder for Egypt to move ...
Central African States dump colonial currency
The Economic and Monetary Community of Central Africa (CEMAC) has taken a decision to stop using the Franc CFA (FCFA). ...
Brazil, Argentina laying groundwork for Latin American single currency to rival US dollar
Brazil and Argentina are considering creating a common Latin American currency to rival the US dollar’s dominance in the region.
Nigerian currency hits another record low milestone at N462/$1
Since the Central Bank of Nigeria’s naira redesign and some of the monetary policies put in place, the Naira has ...
CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals, companies
Abuja, Nigeria - The Central Bank of Nigeria (CBN) has announced a new policy that mandates deposit money banks and ...
CBN clears air on Arabic inscription, rumoured introduction of N2,000, N5000 notes
Abuja, Nigeria - The Central Bank of Nigeria, CBN, has denied a purported plan to introduce N2,000 and N5,000 notes ...
FG’s move to redesign Naira Notes is purely political, no urgency in changing currency – Gov. Obaseki
he Edo State Governor, Mr. Godwin Obaseki, on Wednesday said the proposed plan by the Central Bank of Nigeria (CBN) ...
CBN replies Minister on naira redesign, says Nigeria under threat
Abuja, Nigeria - The Central Bank of Nigeria (CBN) has officially responded to the Minister of Finance, Budget and National ...
TIMEAFRICA MAGAZINE is an African Magazine with a culture of excellence; a magazine without peer. Nearly a third of its readers hold advanced degrees and include novelists, … READ MORE >>