Sudan’s currency has collapsed, forcing citizens and businesses to rely on foreign money as the local pound loses its role in daily trade.
Sudan’s pound collapses as citizens turn to dollars: report Read More »
To counteract the economic effects of Trump’s tariffs, Nigeria’s central bank sold US$197.71 million to defend the naira currency.
Nigeria’s central bank sells $200 million to stabilize the naira Read More »
Ethiopia is undergoing a financial transformation as the central bank starts licensing independent foreign exchange bureaus.
Ethiopia takes step towards financial liberalization Read More »
As part of efforts to manage high inflation and foreign currency shortages, Ethiopia’s central bank held an auction, setting the exchange rate at 107.9 birr per U.S. dollar with participation from 27 banks.
Ethiopia’s birr weakens to 107.9 per dollar Read More »
The move is expected to reduce the country’s reliance on foreign currency for oil imports and stabilize fuel prices.
Nigeria approves naira crude sales to Dangote refinery Read More »
The move aims to attract a $10.5 billion bailout package from international lenders to address the country’s economic crisis, including high debt, inflation, and foreign currency shortages.
Ethiopia eases foreign exchange curbs to attract bailout Read More »
Ethiopia signs a currency swap agreement with the UAE, allowing for exchange of local currencies and promoting trade and investment.
UAE, Ethiopia sign deal to boost trade and investment Read More »
