Tag Archives: foreign currency

Juba, South Sudan | Xinhua | The central bank of South Sudan on Wednesday restricted public institutions and the private sector to transact business only in the local currency, the South Sudanese pound (SSP), amid the current volatile exchange rate which has seen the local pound depreciates against the U.S. dollar. …

Addis Ababa, Ethiopia | Xinhua | The National Bank of Ethiopia (NBE), the central bank, on Wednesday announced that it will offer a ransom in reward as part of ongoing efforts to crackdown hoarding, illicit transfer and transaction of foreign currency and gold. The bounty follows the suspension of bank accounts …

Kampala, Uganda | XINHUA | The Zimbabwean government on Friday announced the suspension of all monetary transactions on phone-based mobile money platforms as it seeks to deal with the foreign currency black market and perceived economic saboteurs. A statement by government spokesperson Nick Mangwana said the government had taken a …

Harare, Zimbabwe | AFP | Zimbabwe has re-introduced the use of foreign currency for domestic transactions in what was seen as a bid to tap into private forex savings as the country gears up for the battle against the novel coronavirus. In a statement the central bank governor John Mangudya said the move is part …

Khartoum, Sudan | AFP | Ousted Sudanese leader Omar al-Bashir is to appear in court next week to face charges of corruption and illegal possession of foreign currency, the acting prosecutor general announced on Saturday. The announcement came more than two months after the military overthrew Bashir following mass nationwide protests …