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Nigerian Currency ‘Most Competitive in 20 Years,’ Says World Bank

Nigerian Currency ‘Most Competitive in 20 Years,’ Says World Bank

Nigeria’s currency reforms under Bola Tinubu’s government have made the naira one of the most competitive in 20 years, according to World Bank chie...
Venezuelans Crave USDT as Dollar Exchange Rate Explodes

Venezuelans Crave USDT as Dollar Exchange Rate Explodes

Venezuelans have ramped up the use of Tether’s USDT, as it has become one of the largest sources of dollar liquidity in national markets. While the...
Nigeria Central Bank Governor Defends Naira Float Decision

Nigeria Central Bank Governor Defends Naira Float Decision

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, emphasized the importance of the decision to float the naira, despite public cr...
Experts Fear Cryptocurrency Outflows May Affect Exchange Rates in Brazil

Experts Fear Cryptocurrency Outflows May Affect Exchange Rates in Brazil

Analysts believe that, in the future, outflows derived from cryptocurrency purchases could affect the domestic exchange rate in Brazil. The Central...
Zimbabwe Injects $50 Million to Bolster Devalued Currency

Zimbabwe Injects $50 Million to Bolster Devalued Currency

The Reserve Bank of Zimbabwe (RBZ) has injected an additional $50 million into the market to support the foreign exchange system. However, industry...