The End of Dollar Supremacy
IPS
Half a century ago, the dominance of the United States dollar in the international finance and trade system was indisputable. Read more »
Common Currency On Agenda for BRICS Summit [analysis]
VOA
The creation of a BRICS currency will be one of the main topics up for discussion when the group of five emerging nations - Brazil, Russia, India, China and South Africa -- meet in… Read more »
Black Market Fuels Price Hikes
New Zimbabwe
The parallel market exchange rate this week breached the ZWL2 000 mark triggering price increases amid calls by experts for government to pay attention to the drivers of inflation. Read more »
Angola's Kwanza Depreciates 3.1 Percent Due to the Fall in Amount of Foreign Currency
ANGOP
Angola's currency Kwanza depreciated 3.1% last Friday (12th), due to the drop in the amounts of currency made available to the market, breaking a period of apparent stability,… Read more »
Central Bank Introduces New Sanctions to Combat Money Laundering
New Times
Financial institutions regulated by the Central Bank in Rwanda will face administrative sanctions including losing licenses for financing terrorism, non-compliance with money… Read more »
Malawi Regulatory Authority to Reduce Forex Shortage With New Law
Nyasa Times
Malawi Regulatory Authority (MRA) is set to reduce forex shortage in the country with a new amended law called "Customs Controlled Warehouse for Export" which will enable people to… Read more »
The SA Reserve Bank Has Committed a Serious Linguistic Crime On New Banknotes [analysis]
Daily Maverick
SA Reserve Bank, please remove the ludicrous, absurd, fictional and offensive toy word 'bangikulu' from our banknotes now. Read more »
Reserve Bank Launches New Banknotes and Coins - South African News Briefs - May 4, 2023
allAfrica
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Naira Depreciates Further At Official Market
Premium Times
Naira extended losses on the spot market to trade at N465.13 per $1 on Wednesday amidst rising debt profile. Read more »
Ethiopia's Informal Currency Exchanges - Validate or Veto? [analysis]
ISS
The choices are stark, but the damaging impact must be mitigated to help improve foreign currency reserves. Read more »
Language Board Clarifies Spelling Error On New Banknotes
SAnews.gov.za
The Pan South African Language Board (PanSALB) has moved to assure South Africans that all terms written in Xitsonga on the new banknotes are accurate and correct. Read more »
Central Bank Clarifies Gold-Backed Digital Currency Legalities - Invites Subscribers
New Zimbabwe
The Reserve Bank of Zimbabwe (RBZ) has clarified the legal framework for the inception of tokenized gold coins adding that trade in the instruments will be under strict… Read more »
Legal Framework on Gold-Backed Digital Tokens 'Almost Done'
New Zimbabwe
WORK around the finalisation of gold-backed digital tokens has reached an advanced stage with the government's legal team working on the final touches to provide a sound legal… Read more »
Transcorp's Quarterly Profit Down By 63% Amid Forex Scarcity
Premium Times
The corporation incurred N2.4 billion in foreign exchange loss on borrowings Read more »