Follow AllAfrica News: Currencies, filter it, and define how you want to receive the news (via Email, RSS, Telegram, WhatsApp etc.) https://follow.it/all-africa-news-currencies Fri, 02 Dec 2022 22:29:54 +0200 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUfbVshI0zET3QBC78OgjhDM [Vanguard] Fear of the unknown now rules traders and buyers in many parts of the country following the decision of the Federal Government to redesign the Naira, take more control of the amount of cash in circulation, and checkmate the hoarding of currency by nefarious persons.]]> Fri, 02 Dec 2022 12:04:32 +0200 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUfbVshI0zET3QBC78OgjhDM https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUcJ-r3UvZxbB-4sICfMfkNm [Nyasa Times] European Union Ambassador to Malawi Rune Skinnebach says devaluation of a currency does not work in countries whose exports are low such as Malawi.]]> Wed, 30 Nov 2022 15:12:31 +0200 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUcJ-r3UvZxbB-4sICfMfkNm https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUcsArTn4KzfgkTXPGaG87AR [Premium Times] The bank says it will not introduce a higher note than N1000.]]> Wed, 30 Nov 2022 12:24:07 +0200 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUcsArTn4KzfgkTXPGaG87AR https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUfmp1dLpNacAtKEpFgimKzx [Ghanaian Times] The Finance Minister, Ken Ofori-Atta, has said the demand for foreign exchange to support the unbridled demand for imports undermined and weakened the value of the cedi.]]> Wed, 30 Nov 2022 10:45:08 +0200 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUfmp1dLpNacAtKEpFgimKzx https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUckgkPTT3PFYbmyhX6zo8SW [Vanguard] The Central Bank of Nigeria (CBN) says the naira redesign will encourage expanded financial inclusion and other forms of electronic transactions.]]> Wed, 30 Nov 2022 06:55:53 +0200 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUckgkPTT3PFYbmyhX6zo8SW https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUd433IxoUhjGSuZukmJ4mr4 [Leadership] On November 23, 2022, President Muhammadu Buhari officially launched the new redesigned N1000, N500 and N200 notes. The Central Bank of Nigeria on October 26 made the announcement on redesigning the notes which, it says, will be in circulation from December 15, 2022. The old notes will no longer be in use from January 31, 2023.]]> Mon, 28 Nov 2022 15:22:45 +0200 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUd433IxoUhjGSuZukmJ4mr4 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUcjOWSdfkVzUgC0qH-r7xlT [Premium Times] The regulator says it will promote investment in "sensible digital assets," with investment protection and also explore blockchain technology to advance virtual and traditional investment products.]]> Mon, 28 Nov 2022 08:50:00 +0200 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUcjOWSdfkVzUgC0qH-r7xlT https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUc8L2GvOc2zQp8v71dCn6bG [This Day] The unveiling of the new currency notes by President Muhammadu Buhari, the tightening of interest rates by the Central Bank of Nigeria and the renewed resolve of the Economic and Financial Crimes Commission to tackle currency speculators were some of the measures rolled out last week to tame the value of the naira, reports Festus Akanbi]]> Sun, 27 Nov 2022 09:11:15 +0200 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUc8L2GvOc2zQp8v71dCn6bG https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUd8Q_e7lMTIzqJCIqJppjfU [IPS] Mberengwa -- In 2007 as inflation walloped the Zimbabwean currency, rendering it valueless, then 54-year-old Langton Musaigwa of Mataruse village west of Zimbabwe in Mberengwa district switched to cattle as his currency.]]> Sat, 26 Nov 2022 08:24:16 +0200 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUd8Q_e7lMTIzqJCIqJppjfU https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUcFRLzSf69HAWw5Ur-z5Bww [Leadership] Experts in the digital currency space have agreed on ways to deepen acceptability of digital currency in Nigeria, especially the Central Bank of Nigeria owned eNaira. They were unanimous on that fact that inclusion of the unbanked into the financial sector is made possible by providing technologies as long as the appropriate operational models and regulatory frameworks are implemented.]]> Thu, 24 Nov 2022 14:08:22 +0200 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUcFRLzSf69HAWw5Ur-z5Bww https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUcFRLzSf69HASuZukmJ4mr4 [Leadership] Nigerians as well as finance experts are divided over their assessments of the newly redesigned naira notes that was unveiled by President Muhammadu Buhari yesterday in Abuja.]]> Thu, 24 Nov 2022 13:58:48 +0200 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUcFRLzSf69HASuZukmJ4mr4 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUdBQWGQWYmmBuQEmsPXZ5C9 [This Day] Abuja, Lagos -- President Muhammadu Buhari yesterday said the newly redesigned N1, 000, N500, and N200 denominations unveiled by the Central Bank of Nigeria (CBN) had been fortified with security features that will make them difficult to counterfeit.]]> Thu, 24 Nov 2022 13:47:46 +0200 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUdBQWGQWYmmBuQEmsPXZ5C9 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUdxTJX9fyEzjbmyhX6zo8SW [Vanguard] The Governor of the Central Bank of Nigeria, Godwin Emefiele, on October 26, 2022, announced that new Naira notes would be introduced to replace the current 200, 500, and 1,000 Naira notes.]]> Thu, 24 Nov 2022 09:41:52 +0200 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUdxTJX9fyEzjbmyhX6zo8SW https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUdxTJX9fyEzjVRpWVnEcNkS [Vanguard] Knocks have trailed the newly redesigned naira notes after they were officially unveiled by President Muhammadu Buhari.]]> Thu, 24 Nov 2022 09:36:22 +0200 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUdxTJX9fyEzjVRpWVnEcNkS https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUdxTJX9fyEzjXKSkciKEY1s [Vanguard] -Powerful persons resisted previous attempts to redesign naira--CBN]]> Thu, 24 Nov 2022 09:34:51 +0200 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUdxTJX9fyEzjXKSkciKEY1s https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUdxTJX9fyEzjQX50KYzL9tX [Vanguard] President Muhammadu Buhari on Wednesday unveiled the new naira notes of N200, N500 and N1,000 at the Council Chamber, Presidential Villa, Abuja.]]> Thu, 24 Nov 2022 09:33:13 +0200 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUdxTJX9fyEzjQX50KYzL9tX https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUf0S1x7SHBAbBKeetMRuZbW [Premium Times] According to the president, "the new Naira banknotes have been fortified with security features that make them difficult to counterfeit."]]> Thu, 24 Nov 2022 09:13:18 +0200 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUf0S1x7SHBAbBKeetMRuZbW https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUekWZRtUr45en1d0VB8z-7c [The Conversation Africa] The US dollar has been advancing rapidly in response to the Federal Reserve's resolve to keep raising policy rates for longer to regain control of stubbornly high inflation. This has far reaching consequences. The US dollar is prominently used around the world as an international medium of exchange and as a global reserve currency.]]> Thu, 24 Nov 2022 07:31:21 +0200 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUekWZRtUr45en1d0VB8z-7c https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUfG3-jHW2bWX-m6srrLMsqK [Premium Times] The old notes would still be valid until the 31st January, 2023, as stated by the CBN.]]> Wed, 23 Nov 2022 14:50:00 +0200 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUfG3-jHW2bWX-m6srrLMsqK https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUdOZUNxO1hyIO4sICfMfkNm [FrontPageAfrica] Monrovia -- Some concerned and prominent citizens of Sinoe County, particularly of the Sarpo tribe have expressed dissatisfaction over the makeup and design of the new family of Liberian dollar banknotes in the country.]]> Wed, 23 Nov 2022 12:07:32 +0200 https://api.follow.it/track-rss-story-click/v3/1ioeFPewRUdOZUNxO1hyIO4sICfMfkNm