Ethiopia’s Central Bank Governor Hails Currency Float as ‘Transformative’
Ethiopia’s central bank governor, Mamo Mihretu, has described the recent decision to float the birr on the open market as…
Tag: Currency
Ethiopia’s Currency Float Decision Leads to $1 Billion World Bank Credit
Ethiopia has secured a $1 billion credit from the World Bank, following the country’s decision to allow its currency to…
Nigeria Approves Crude Oil Sales to Dangote Refinery in Local Currency
Nigeria’s government has approved the sale of crude oil in the local naira currency to the Dangote refinery and other…
Ethiopia Floats Currency in Pursuit of International Loans
Ethiopia has floated its currency, the birr, as part of economic reforms to secure international loans and stabilize its economy.…
Ethiopia and UAE Sign Currency Swap Deal
The central banks of the United Arab Emirates (UAE) and Ethiopia have signed a bilateral currency swap agreement worth up…
The ZiG: Zimbabwe Rolls Out World’s Newest Currency. Here’s What To Know
Zimbabwe has introduced a new currency called the ZiG. Zimbabwe’s central bank said the country is “recalibrating its monetary policy…
FIU Urges Zimbos to Report Businesses Rejecting ZiG Currency
RBZ Launches Snitch Hotline: FIU Urges Zimbos to Report Businesses Rejecting ZiG Currency In a move to stifle the devaluation…