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This is the second devaluation of the naira in less than six months on the official foreign exchange (forex) market. The CBN has previously staved off a devaluation despite the…
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DOI: 10.1108/OXAN-DB255029
ISSN: 2633-304X
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The new regulations respond in part to the naira’s recent devaluation and depreciation, which have substantially shrunk domestic banking capital in dollar terms. It is the first…
Lourenco took power a month previously and shortly afterwards appointed his first cabinet, with many ministers and state secretaries who served under his predecessor…
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DOI: 10.1108/OXAN-DB225461
ISSN: 2633-304X
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Outlook for Ethiopia's economic reforms.
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DOI: 10.1108/OXAN-DB241291
ISSN: 2633-304X
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Ethiopia's economic outlook
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DOI: 10.1108/OXAN-DB229640
ISSN: 2633-304X
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Instead it ordered that all foreign exchange purchases should occur through commercial banks. This move aims to stabilise the value of the naira by reducing effective domestic…
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DOI: 10.1108/OXAN-DB263667
ISSN: 2633-304X
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This has temporarily boosted the supply of forex, causing the naira to appreciate in the parallel market around December. However, this proved short-lived, with the CBN resorting…
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DOI: 10.1108/OXAN-DB259421
ISSN: 2633-304X
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The weakness of the Kenyan shilling, which is constantly hitting new record lows, has generated so much concern that, on October 24, parliament summoned the central bank governor…
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DOI: 10.1108/OXAN-DB283254
ISSN: 2633-304X
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Ethiopia's privatisation initiative.
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DOI: 10.1108/OXAN-DB236299
ISSN: 2633-304X
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Geographic
Topical
Since its introduction in February, the local real-time gross settlement (RTGS) dollar, a de facto new local currency, has lost over 60% of its value relative to the US dollar on…