Period after lunch but before last hour of trading day is least preferred among all asset classes Kampala, Uganda | RONALD MUSOKE | The first hour of the trading day is the most favoured time to execute trades globally, across all asset classes, according to a survey published on Aug.30 by …
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Monrovia, Liberia | AFP | Liberian central bank chief Nathaniel Patray has resigned, the president’s office said Friday, after a year of controversy over his handling of the country’s monetary policy. Liberian President George Weah “has accepted the resignation of Central Bank of Liberia (CBL) Governor, Nathaniel R. Patray,” a …
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London, United Kingdom | AFP | Departing Bank of England governor Mark Carney insisted Tuesday that there is sufficient time to hand over to his successor, despite Brexit chaos. Canadian Carney, 54, leaves his role on January 31 having extended his tenure twice on turmoil over Britain’s looming exit from …
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London, United Kingdom | AFP | Bank of England governor Mark Carney has suggested that a virtual currency, modelled on Facebook’s Libra, could one day replace the dollar as king of the foreign exchange market. The BoE chief aired vague proposals for a so-called “Synthetic Hegemonic Currency” at the recent …
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Moscow, Russia | AFP | Moscow is intensifying efforts to wean its economy off the dollar as Washington considers tough new sanctions that could deny Russia access to foreign debt markets and cut its banks from the greenback. President Vladimir Putin has repeatedly slammed the US unit’s dominance on the …
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Sector gets new information reporting and monitoring system kampala, Uganda | STEPHEN NUWAGIRA | Forex bureau operators have until June to sign on to the new Rwanda Forex Bureau Association Information System (RFBAIS), according to their chairperson, Zephania Muhigi. The new system is in line with the government’s push for adoption …
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Khartoum, Sudan | AFP | Sudan’s central bank Sunday announced it will devalue the local currency to 30 Sudanese pounds against the US dollar, the second such move in weeks amid soaring inflation. The new official exchange rate will go into effect on Monday, the central bank said on its …
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New York, United States | AFP | Bitcoin burst out of the shadows in 2017, seducing Wall Street and individual investors alike even though many still struggle to understand precisely what it is. The cryptocurrency’s rise is also pushing regulators to consider taking action after years of simply urging caution. Bitcoin …
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New York, United States | AFP | Bitcoin surged past $18,000 after it began trading on its first major global exchange Sunday, the latest in a series of highs that have excited some investors while leaving others nervous of a bubble. Trading of the controversial digital currency on a futures contract …
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New York, United States | AFP | Bitcoin makes its debut on a major exchange Sunday, a milestone for the digital currency that has some investors excited but others nervous. The Cboe Futures Exchange in Chicago will open trading in bitcoin futures at 2300 GMT on Sunday, a move that is …
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