notes

Fear over Possible New Currency Prompts Bank Run in Zimbabwe

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A prolonged shortage of the U.S. dollar, the dominant circulating currency in Zimbabwe, has worsened over the past two weeks as panicky clients queued up at banks to withdraw money, fearing that the greenback might be replaced by a new local currency soon. The long queues, seen daily at most bank branches in the city … Read more

Bank of Ghana Denies Issuing Gh¢100, 200 Notes

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The Bank of Ghana has dismissed reports that it has issued new 100 and 200 Ghana Cedis denominations. It follows news making rounds suggesting the Central Bank has started issuing the new denominations. “The Bank of Ghana has not issued and has no plans of issuing any new denominations of the Ghana Cedi and categorically … Read more