How a currency devaluation in Kazakhstan made the country’s poor worse off: It is the job of the government to keep a country’s economy in check. But sometimes policies don’t work out as planned. Governments often take economic decisions that follow specific political agendas, and these decisions are not always beneficial for everyone. Take, for …
CFA franc: conditions are ripe for replacement of the west African currency rooted in colonialism – expert: At no point in history has the CFA franc – the name of a colonial currency used in west and central African countries belonging to the franc zone – been closer to its demise. Senegal has overwhelmingly voted …
FTX and Binance: how latest crypto scandals could influence public opinion on digital currency regulation: True believers in cryptocurrency have had a rough few weeks. The US government just fined Binance – the world’s largest crypto exchange – US$ 4.3 billion (£3.4 billion) for its involvement in money laundering. It forced the firm to accept …
We asked the Top Financial Services, Insurance, and Retail companies in South Africa – Is Data the New Currency?: The management of data quality is a common struggle across companies and industries. Prioritising fraud prevention and having insight into data can have a ripple effect on the economy. Everything is hyper-personalised by tracking people’s engagements, …
These are the latest trending searches on Google right now: Brics currency: : Daily Search Trends Have you tried: Visiting Port Elizabeth?
Zimbabwe heads to the polls amid high inflation, a slumping currency and a cost of living crisis: Inflation continues to defy Zimbabwe central bank efforts Getty images Zimbabwe is facing a host of pressing challenges that voters dearly want the next president to address. Persistently high inflation, elevated interest rates, and a slumping and volatile …
eNaira: Nigeria’s digital currency has had a slow start – what’s holding it back: Adoption of eNaira has been slow. Shutterstock Nigeria was the first country in Africa to roll out a central bank digital currency. The eNaira was launched in October 2021. The main reasons were to promote financial inclusion, increase cross-border transactions, facilitate …
These are the latest trending searches on Google right now: BRICS new currency: : Daily Search Trends Have you tried: Diving with Sharks?
Travelling abroad? Don’t be tempted to pay your way using your home currency: Catarina Belova/Shutterstock Part of the joy of travelling comes from experiencing the unfamiliar – a different climate, culture or cuisine. But when it comes to paying for things abroad, we might feel more comfortable using the currency we are most familiar with, …
Nigeria’s central bank made critical mistakes that doomed the country’s currency redesign: People queue outside a bank in Lagos on February 22, 2023. Nigeria was hit with a scarcity of cash after the central bank began to swap old Naira notes for new bills. Patrick Meinhardt / AFP Nigeria has successfully introduced new banknotes on …
Nigeria’s currency redesign and withdrawal limits: questionable policy and bad timing: Nigerian president Muhammadu Buhari and Godwin Emefiele, the governor of the Central Bank of Nigeria, present the redesigned banknotes in Abuja. Sodiq/Xinhua via Getty Images The Central Bank of Nigeria launched new banknotes in November 2022. The new notes came into effect on 15 …
Russia sanctions: new impetus for Chinese yuan to move up the reserve currency ladder?: gettyimages Getty images The invasion of Ukraine by the Russian forces has led to the most aggressive financial sanctions by Western countries against another country in modern history. Two financial sanctions stand out in particular. Firstly, the decision to block the …
Kenya needs to grasp the cryptocurrency nettle: how a digital currency could help: Digital currencies are attracting the attention of governments globally Alistair Berg via Getty Images Kenya’s central bank has been mulling the official use of a digital currency. More than 60 central banks have already entered the digital currency race since 2014. No …
Turkey’s currency crisis is a textbook example of what not to do with interest rates: Another fine mess. ToskanaINC Central banks around the globe are currently staring at inflation rates unseen in more than 20 years. Supply chain problems and labour shortages arising from the pandemic, combined with sharply rising food and energy prices, have …
Nigeria’s digital currency: what the eNaira is for and why it’s not perfect: There is a need to educate Nigerians on the difference between the digital representation of cash deposits in bank accounts and the eNaira in digital wallets. Pius Utomi Ekpei/AFP via Getty Images Nigeria recently became the first African country to introduce a …
Damien Hirst’s ‘The Currency’: what we’ll discover when this NFT art project is over: Hirst Lord of the Treasury. Marusya Chaika English artist Damien Hirst’s latest project, “The Currency”, is an artwork in two forms. Its physical form is 10,000 unique hand-painted A4 sheets covered in colourful dots. In the same way as paper money, …
South Africa in the news: Founders of South African Bitcoin exchange Africrypt ‘disappear with .6billion in currency’: The founders of a South African cryptocurrency exchange have reportedly disappeared with nearly $ 3.6billion in Bitcoin after the two brothers told investors they were hacked in April.: “South Africa” – BingNews ‘The best of both worlds’: I …
China’s digital currency could be the future of money – but does it threaten global stability?: The Ys and wherefores. AnaKins27 China is making promising progress with testing its digital yuan currency. It has announced the success of a pilot in Suzhou City, near Shanghai in eastern China, where 181,000 consumers were given ¥55 (£6) …