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Nalezeno "Foreign Exchange": 150

Forex Shortages Force Nigerian Corporates to Turn to Parallel Market


Nigeria’s ongoing shortage of foreign exchange is forcing corporates and businesses to source this resource on the parallel market, a former official with the Lagos Chamber of Commerce and Industry (LCCI) has said. According to Muda Yusuf, who is the previous director-general at LCCI, these...

India Probes Cryptocurrency Exchange Wazirx in Chinese Money Laundering Case


India’s Directorate of Enforcement (ED) has reportedly sent a notice to Wazirx, one of the largest cryptocurrency exchanges in India, under the Foreign Exchange Management Act, 1999, (FEMA). The investigation was initiated “on the basis of the ongoing money-laundering investigation into...

Nigerian Lawmakers Slam Naira Devaluation, Warn of Inflation Implications


Nigeria’s House of Representatives has moved a motion calling on the country’s central bank to end the continuing devaluation of the naira. In his unanimously adopted motion, House Representative Bamidele Salam warned the Central Bank of Nigeria (CBN) of the negative “implications...

US Dollar Share of Global Foreign Exchange Reserves Drops to 25-Year Low


Serkan Arslanalp is Deputy Division Chief in the Balance of Payments Division of the International Monetary Fund (IMF)’s Statistics Department. Chima Simpson-Bell is an Economist in the same department. ____ The share of US dollar reserves held by central banks fell to 59%—its lowest level in...

How To Do Foreign Exchange Trading With Crypto - PrimeXBT


The text below is an advertorial article that was not written by Cryptonews.com journalists. Whether you are a trading pro or a beginner, forex trading is a great way to diversify your trading. Forex trading often has livelier markets than stock indices. It is a great way to find opportunities...

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