Egyptians Brace For Austere Ramadan After Reforms
Ramadan is a time for daytime fasting and lavish evening feasts, but Egyptians are scaling back preparations for the Muslim ...
Tag: Foreign-exchange reserves
First Quarter Gold Demand Down 18% From Last Year’s Exceptional High
Global gold demand in Q1 2017 was 1,034.5t. The 18% year-on-year decline suffers from the comparison with Q1 2016, which ...
Cedi Ends 1st Quarter At Depreciation Rate of 2.52%
Ghana's local currency, the Ghana cedi ended the first quarter of this year with a depreciation rate of 2.52 per ...
Nigeria’s Central Bank Moves On Forex To Boost Economy
Nigeria's central bank has made moves to strengthen the naira currency to boost domestic manufacturing and lift the economy out ...
Tax Cuts Must Drive Exports To Cushion Cedi
President of the Ghana Association of Bankers (GAB) and Chief Executive Officer of Stanbic Bank, Alhassan Andani, says the real ...
Cedi Gains On Forex Inflows
The gains the Cedi made this week is expected to continue next week as forex inflows improve amid lower import ...
Trump Calls Chinese ‘grand Champions’ of Currency Manipulation
President Donald Trump declared China the "grand champions" of currency manipulation on Thursday, just hours after his new Treasury secretary ...
Egypt Pound Rebounds From Flotation Slide
The Egyptian pound strengthened against the US dollar on Monday, regaining ground after record lows which followed the central bank's ...
Economy Deteriorated In 2016
The International Monetary Fund (IMF) has expressed shock at the level of deterioration of various economic indicators in 2016 saying ...
China Dumps U.S. Debt To Prop Up Its Currency
China has lost its crown as the United States' biggest overseas creditor. That title now belongs to Japan. Beijing has ...
Nigeria Forex Crisis and Unfinished Naira-Yuan Swap Deal
Barely five months after a currency swap deal between Nigeria and China was enmeshed in controversy, the country’s import profile ...