Nalezeno "Foreign exchange": 79

Zambian Currency, the Kwacha, Plunges to New Record Low Against US Dollar

Zambia’s worsening shortage of foreign exchange as well as one of its worst droughts in recent memory saw the local currency drop to a record low of K27.3 to the dollar. As explained in the report, the kwacha has lost as much as 17% in the past six months. Forex Shortages: The Impact...

Nigerian Central Bank Dismisses Old Naira Banknote and Cash Shortage Rumors

The Nigerian central bank has dismissed rumors suggesting that the previously demonetized naira banknotes are no longer legal tender. According to the bank, all banknotes it has ever issued remain legal tender and “should not be rejected by anyone.” No Shortage of Naira Banknotes Says...

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