Tag Archives: currencies

COMMENT | Maya Majueran – XINHUA | A multi-polar international monetary system envisions a global financial architecture in which multiple currencies, rather than a single dominant one such as the U.S. dollar, are widely used for international trade, finance, and as reserve assets. This model fosters a multi-currency ecosystem, enabling …

NAIROBI, KENYA | Xinhua | The Kenyan shilling traded at a new low of 161.4 against the U.S. dollar on Tuesday, the Central Bank of Kenya (CBK) said on Tuesday, as it continued with its free fall against major global currencies. The local currency crossed the psychological 160 mark against …

What you need to know INTERVIEW | CHRISTOPHER ADAM | The high cost of making cross border payments on the African continent has driven governments on the continent to seek options of settling trade and other transactions in local currencies. This has given birth to the Pan-African Payment and Settlement …

Washington, US | THE INDEPENDENT | The International Monetary Fund is seeking a leading role in rallying the world’s central banks to get ahead of digital money and crypto currencies in the global financial system. The IMF Managing Director, Christine Lagarde, wants authorities to “distinguish between real threats and needless …

By Silver Kayondo Half of the world’s ten worst-performing currencies this year are from Africa In August, the Bank of Uganda raised the Central Bank Rate (CBR) to 16%. The increase is aimed at helping keep core inflation below 10% and allow it to slow toward the target of 5% …