AllAfrica News: Currencies

Liberia: 'Legislature Authorized the Printing of Liberian Bank Notes' - Former CBL Official

Wed, 12 Aug 2020 10:15:22 GMT

[FrontPageAfrica] Monrovia -- Indicted former board member of the Central Bank of Liberia (CBL) Board of Governors, Kollie S. Tamba says the Legislature authorized the printing of Liberian banknotes to replace legacy banknotes in the economy.

Malawi: Foreign Exchange Rate Survived On Donor Aid

Mon, 10 Aug 2020 12:40:12 GMT

[Malawi News Agency] Lilongwe -- Malawi Chambers of Commerce and Industry (MCCI) feels the past two and half years, Malawi Kwacha has been stable to due to donor aid.

Zimbabwe: RBZ SMEs U.S.$ Auction System Exchange Rate Hits 1- 5

Fri, 07 Aug 2020 09:39:32 GMT

[New Zimbabwe] The Reserve Bank of Zimbabwe (RBZ) Small to Medium Enterprises foreign exchange auction system Thursday left the exchange rate at 1:75 against the United States dollar, converging with the formal exchange rate.

Zimbabwe: Mobile Money Transfer Tax Rakes in $2.1 Billion Inside Four Months

Fri, 07 Aug 2020 09:19:01 GMT

[New Zimbabwe] The government has managed to rake in a total $2.1 billion through its 2% intermediated mobile money transfer tax (IMTT) which has now become a major revenue contributor.

Angola: Credit Support Programme Grants About 60 Billion Kwanzas

Thu, 06 Aug 2020 17:10:33 GMT

[ANGOP] Luanda -- As part of the Programme to Support Production, Diversification of Exports and Import Substitution (Prodesi), around sixty billion kwanzas have already been made available to various entrepreneurs through the PAC (Credit Support Programme), the Secretary of State for Planning, Milton Reis, said Wednesday in Luanda.

Zimbabwe: Govt Pleads for End to Nurses' Strike

Thu, 06 Aug 2020 09:02:59 GMT

[New Zimbabwe] President Emmerson Mnangagwa's government has appealed to all striking nurses to return to work amid a spike in Covid-19 cases and deaths in the country.

Zimbabwe: Small-Bid Forex Auctions Fill Vital Gap

Thu, 06 Aug 2020 08:17:35 GMT

[The Herald] The expansion of the foreign exchange auction system to small and medium businesses eliminates what was seen as a major flaw, that only big bidders could buy foreign currency directly on official markets, and should continue the pressure for greater price stability and lowering of costs.

Zimbabwe: Local Currency Loses Value in Latest Forex Auction Results

Wed, 05 Aug 2020 14:18:33 GMT

[263Chat] The local Zimbabwean dollar has continued to lose value against the United States dollar following Tuesday's foreign currency exchange auction with the official exchange rate now standing at ZWL$80.4663from last week's ZWL$76.7596

Zimbabwe: Statement On the Introduction of RBZ Auction System for Small and Medium Businesses

Wed, 05 Aug 2020 13:40:02 GMT

[Kubatana.net] The Vendors Initiative for Social and Economic Transformation (VISET) welcomes the introduction by the Reserve Bank of Zimbabwe (RBZ) of an auction system for the Small to Medium Sector. This move will see greater participation in the economic mainstream and go some way in formalising the informal sector.

Seychelles: Port Expansion Project in Seychelles Being Tendered - Drop in Value of Rupee Problematic

Wed, 05 Aug 2020 13:23:46 GMT

[Seychelles News Agency] The Seychelles Ports Authority is now tendering out the main aspects of the Port Victoria expansion project and civil works which covers the south half of the port, said a top officer of the Ports Authority.

Zimbabwe: Inflation Helps Taxman Surpass Revenue Targets

Wed, 05 Aug 2020 11:50:10 GMT

[263Chat] Zimbabwe Revenue Authority (Zimra) exceeded its revenue collection target for second quarter 2020 by an incredible 42.75 percent thanks to rising inflation that catapulted profits of local businesses and increased wages, latest figures show.

Liberia: Faulty Calculation

Wed, 05 Aug 2020 09:51:55 GMT

[New Dawn] -Milton Weeks explains printing of L$10 Billion

Zimbabwe: Forex Auction for Small Businesses

Wed, 05 Aug 2020 09:10:38 GMT

[The Herald] As the ruling exchange rate set on the major weekly auction slid just 4.8 percent yesterday to $80.4663 to US$1, the Reserve Bank of Zimbabwe (RBZ) announced the introduction of a second weekly Thursday auction for small and medium businesses needing to buy US$2 500 to US$20 000.

Nigeria: How CBN Measures Could Raise Local Production, Reduce Forex Depletion

Wed, 05 Aug 2020 07:22:57 GMT

[Daily Trust] The country's heavy import dependence has contributed majorly to the high forex outflow and the perennial weakness suffered by the naira over the years

Zimbabwe: 100% Salary Increment for Mine Workers

Tue, 04 Aug 2020 11:28:45 GMT

[The Herald] The Chamber of Mines of Zimbabwe (CoMZ) has agreed to effect a slightly over 100 percent salary increment for mine workers as the mining companies' representative body moves to cushion workers against inflation.

Zimbabwe: Health Workers Vow to Continue With Strike Despite Mnangagwa Plea

Tue, 04 Aug 2020 09:33:40 GMT

[263Chat] Health workers have vowed to continue with their strike over salaries despite pleas for their return to work from President Emmerson Mnangagwa.

Zimbabwe: Bread Flour Price to Go Up By 34%

Mon, 03 Aug 2020 18:45:36 GMT

[New Zimbabwe] The price of flour is this week likely to go up by over 30% following the skyrocketing foreign currency auction-rate which is now chasing the parallel market, NewZimbabwe.com can exclusively report.

Zimbabwe: We Cannot Work On Empty Stomachs, Health Workers Tell Govt

Mon, 03 Aug 2020 18:33:12 GMT

[263Chat] Health workers have vowed to proceed with their job boycott despite the recent plea by President Emmerson Mnangagwa for them to return to work.