Foreign exchange reserves

By IndepthAfrica
In Business
Jun 6th, 2012
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6 Views
Nigeria’s naira currency eased further against the dollar on the interbank market on Wednesday, to its weakest level since Dec. 29, as demand for the dollar outpaced supply, traders said on Wednesday. The naira was trading at 163.05 to the dollar at 1047 GMT, weaker than the 162.56 it closed at...
By IndepthAfrica
In Documents
Feb 9th, 2012
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6 Views
WINDHOEK, Namibia, February 9, 2012/African Press Organization (APO)/ — On February 6, 2012, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Namibia.1 Background The Namibian economy rebounded strongly in 2010 following the mild contractio...
By IndepthAfrica
In IMF
Jan 30th, 2012
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5 Views
ALGIERS, Algeria, January 30, 2012/African Press Organization (APO)/ — On January 11, 2012, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Algeria on a lapse of time basis.1 Background Despite an uncertain international economic environme...
By IndepthAfrica
In Business
Jan 20th, 2012
0 Comments
9 Views
Egypt’s central bank has tightened its rules for importers who want to transmit funds, a move analysts say seems designed to close a loophole that has allowed businessmen to shift capital abroad without bringing goods into Egypt. Egypt’s central bank has been spending about $2 billion in ...
By benim
In Business
Sep 6th, 2011
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2 Views
China’s yuan will inevitably become a global reserve currency, Nigeria’s central bank governor said on Tuesday, adding that his country’s need to diversify its reserves had grown more urgent after one credit agency stripped the United States of its gold-plated debt rating. A day aft...
By benim
In East Africa
Jul 20th, 2011
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5 Views
One person was killed and several others were injured as demonstrations against the government turned violent across Malawi on Wednesday and police fired tear gas and rubber bullets at protesters, police said. Malawians said they were protesting against persistent fuel and foreign exchange reserve sh...
By benim
In East Africa
Jul 12th, 2011
0 Comments
15 Views
His promises of not borrowing from Central Bank, slashing growth in broad money supply down below zero may not be deliverable Inflation ails the Ethiopian economy which undoubtedly is growing in spite of sharp differences over the size of the expansion, and has won a broader consensus among macroecon...
By benim
In News
Apr 15th, 2011
3 Comments
5 Views
South African President Jacob Zuma on Friday added his voice to criticism of the United States for pursuing loose policies that he said are putting the world economy at risk. Speaking at the Boao business forum on the southern Chinese island of Hainan, Zuma said the global financial crisis had expose...