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Tag: Currency

Africa Business South Africa Southern Africa World 

South Africa’s revamped local currency unveiled

Elwin Mandowa, , , , , , , , ,
South Africa has unveiled upgraded banknotes and fourth decimal coin series. The new currencies have new designs and enhanced security features utilising the latest technology to protect the integrity of the currency. The South African Reserve Bank (SARB) said the upgraded banknotes and coins have now been released into the South African market. The new denominations are now available effective… Read More
Africa Business Ghana West Africa World 

Ghana’s cedi is the world’s worst-performing currency

Elwin Mandowa, , , , , , ,
– – Ghana’s currency the cedi on Monday become the world’s worst-performing currency in 2022. The West African nation is facing serious economic crisis and now in discussions with the International Monetary Fund for a bailout. The depreciating levels of the cedi though is compounding the economic plights of citizens and businesses. This year the cedi has lost value to… Read More
Africa Business Southern Africa World Zimbabwe 

Zimbabwe’s gold coins that are to tackle soaring inflation

Elwin Mandowa, , , , , , , , ,
Interest rate has doubled in July alone to 200% with annual rate of inflation rising above 190%. The coin called “Mosi-oa-Tunya” means “The Smoke Which Thunders”. It refers to Victoria Falls, on the border between Zimbabwe and Zambia. According to the country’s central bank the coins will be priced at the international market rate with each going for an ounce… Read More
Africa Business World 

Understanding currency pair sentiment

Elwin Mandowa, , , , , , , ,
– – An important aspect of any profitable approach for trading foreign exchange is having an understanding of the impact that sentiment has on the values of currency pairs. If you are able to understand these sentiments through the quantified tools and resources that are available to forex traders, then you will be able leverage this sentiment in a timely… Read More
Africa Ghana West Africa World 

Ghana’s economy in crisis as citizens agitate over high cost of living

Elwin Mandowa, , , , , , ,
– – Ghana’s economy continues to plummet as it struggles to improve the living standards of citizens. The country’s public debt stock now stands at GH¢341.8 billion ($45.5 billion) with a corresponding debt to GDP ratio of more than 77% as of September ending 2021. Analysts say that debt to GDP ratio has already crossed the 81% mark in 2022… Read More
Africa Business Southern Africa World Zimbabwe 

Zimbabwe to roll out new bank notes in November

Village Reporter, , , , , ,
Zimbabwe’s central bank has said that the country’s new bank notes and coins will be in circulation in November this year. The Zimbabwe dollar currency was re-introduced this year after the country abandoned the US dollar as its official currency. This was to stabilize Zimbabwe’s economy which is still struggling to survive and currently in crisis. Zimbabwe’s President, Emmerson Mnangagwa… Read More
Africa Business Gambia West Africa World 

Gambia releases new bank notes without Jammeh’s portrait

Village Reporter, , , , , ,
Gambia on Tuesday officially released new bank notes that will be without the portrait of the former President Yahya Jammeh. On Monday the Gambian central bank governor, Bakary Jammeh presented copies of the new notes to President Adama Barrow. The notes have now been released to the public through commercial banks. Gambia uses the dalasi and has been in circulation… Read More