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Tag Archives: dollar

U.S. tariffs on South Africa threaten Namibia’s dollar liquidity

WINDHOEK, Namibia | Xinhua | Namibia faces tighter U.S. dollar liquidity and higher settlement costs, as the recently imposed 30-percent U.S. tariffs on South African exports weaken the very financial channels it relies on for cross-border trade payments, according to an analysis by Namibian research and investment firm Simonis Storm Securities …

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Toward a multi-polar international monetary system

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 …

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Uganda shilling falls on dollar supply shortage

Kampala, Uganda | THE INDEPENDENT | The Uganda shilling seemed to be halting the downward trend against the dollar at the close of the week, at 3,695.05 buying and 3705.05 selling, on Friday, according to the Central Bank. The shilling has been depreciating since December 19, 2024, when the dollar was …

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The end of US dollar dominance

Why Donald Trump’s policies could hasten the dollar’s relegation from being the only world currency COMMENT | DAVID MCMILLAN | Donald Trump’s victory in November’s U.S. presidential election saw the U.S. dollar strengthen. It surged to a one-year high within two weeks, and has since retained its strength against its major …

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Kenyan shilling hits 9-month high against U.S. dollar

NAIROBI, KENYA | Xinhua | The Kenyan shilling strengthened against major world currencies, hitting a nine-month high against the U.S. dollar Wednesday. The Central Bank of Kenya placed the shilling against the dollar at 138.8, its highest level since the currency started to decline in June last year. The shilling …

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Local currency under pressure from rising dollar

Kampala, Uganda | THE INDEPENDENT |  The Uganda Shilling continues to trade under pressure from the US dollar as demand for the US currency rises above the supply, according to experts. On Monday, the local currency opened trading at Shillings 3,815.63 buying and 3,825.63 selling according to the official rates …

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