Economy - Currency
  • France to attend franc CFA zone meeting in Cotonou
    05 april 2005 21:40:00
    Paris- France (PANA) -- The French Minister for Co-operation, Development and Francophonie, Xavier Darcos will represent France at the meeting of Finance Ministers of the Franc CFA zone scheduled 6-7 April in Cotonou, official sources disclosed here Tuesday. Full text...

  • Nigerian naira stable against US dollar
    02 april 2005 15:17:00
    Lagos- Nigeria (PANA) -- In spite of the low demand for dollars at the official Dutch Auction System (DAS) segment of the Nigerian foreign exchange market this week, the naira remained Stable, trading for 132. Full text...

  • No forex crisis, says Bank of Mozambique
    25 march 2005 16:25:00
    Maputo- Mozambique (PANA) -- The sale of foreign currency by the Bank of Mozambique amounted to 145 million US dollars between December 2004 and February this year. Full text...

  • Malawi faces foreign exchange drought
    23 march 2005 11:56:00
    Blantyre- Malawi (PANA) -- Malawi's banks and money dealers have stopped selling foreign currency because the country has depleted its foreign exchange reserves. Full text...

  • Nigerian naira falls slightly against US dollar
    19 march 2005 14:48:00
    Lagos- Nigeria (PANA) -- The Nigerian naira depreciated by 0. Full text...

  • Zambian kwacha maintains relative stability
    15 march 2005 14:47:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha currency has maintained its soft but steady appreciation, and when markets resumed business on Tuesday, it was exchanging at a firmer selling rate of 4,745 units against the US dollar while its buying rate was pegged at 4,695 units. Full text...

  • Drop in dollar demand raises naira value in Nigeria
    05 march 2005 19:38:00
    Lagos- Nigeria (PANA) -- Demand for dollars dipped slightly at the Nigerian foreign exchange market this week, impacting positively on the exchange rate of the local currency, the naira, against the dollar. Full text...

  • Shilling's appreciation worries Kenyan flower exporters
    02 march 2005 15:05:00
    Nairobi- Kenya (PANA) -- Fresh flowers and vegetable exporters in Kenya Wednesday expressed concern over the strengthening of the local Shilling against the US dollar, saying this would negatively impact on the price of fresh flower and vegetable exports to Europe. Full text...

  • Kenyan police seize fake dollars
    01 march 2005 17:31:00
    Nairobi- Kenya (PANA) -- Kenyan police on Tuesday seized counterfeit 100-dollar bills amounting to $1,732,600 in Nairobi, arresting three suspects in the process following three months of investigations into a group of fake currency dealers, police sources said. Full text...

  • Nigerian naira in slight fall against US dollar
    26 february 2005 14:19:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the naira, depreciated by 0. Full text...

  • Nigeria delays introduction of 1,000-naira note
    22 february 2005 20:34:00
    Lagos- Nigeria (PANA) -- The introduction of 1,000 naira ($7. Full text...

  • Nigerian currency stable against US dollar
    19 february 2005 11:53:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the naira, remained stable against the US dollar at the official Dutch Auction System (DAS) segment of the Nigerian foreign exchange market this week, as it is still being exchanged for 132. Full text...

  • Angolan bank circulates 2,000 kwanza banknotes
    17 february 2005 08:31:00
    Luanda- Angola (PANA) -- The National Bank of Angola on Wednesday issued into circulation a 2,000 kwanza banknote ($1 = 87 Kwanza) as part economic stabilisation measures initiated by the government in August 2003. Full text...

  • Interbank-exchange rates of the Ghanaian cedi
    14 february 2005 21:22:00
    Accra- Ghana (PANA) -- Following are the average inter-bank exchange rates of major currencies against the cedi, as issued Monday by the Ghana Association of Bankers: Currency Buying Selling US Dollar 8,955. Full text...

  • IFC launches dirham bonds in Morocco
    08 february 2005 09:42:00
    Dakar- Senegal (PANA) -- The International Finance Corporation (IFC) of the World Bank Group has launched dirham denominated bonds in the domestic Moroccan capital market, a release indicated Tuesday. Full text...

  • Nigerian naira slightly gains against US dollar
    06 february 2005 11:02:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the naira, slightly appreciated against the US dollar despite a high demand for the greenback at the Dutch Auction System (DAS) segment of the Nigerian foreign exchange market this week. Full text...

  • South Africa gets new banknotes
    18 january 2005 13:17:00
    Cape Town- South Africa (PANA) -- The South African Reserve Bank has launched a series of new bank notes with upgraded features against forgery, the second change in the country since 1992. Full text...

  • WAMZ intensifies study on single currency process
    14 january 2005 23:33:00
    Accra- Ghana (PANA) -- Stakeholders of the West African Monetary Zone (WAMZ) are assessing member states to determine their preparedness toward the achievement of a second monetary zone for the English-speaking West African States. Full text...

  • Central Bank intervenes to save flagging DR Congo franc
    12 january 2005 20:17:00
    Kinshasa- RD Congo (PANA) -- The DR Congo Central Bank, BCC Wednesday announced the injection of some 12 million US dollars into the market to shore up the exchange rate of the Congolese franc against the American currency. Full text...

  • Nigerian Naira stable against US dollar
    08 january 2005 16:28:00
    Lagos- Nigeria (PANA) -- In spite of a lull in business activities this week, the Nigerian naira, remained stable against the US dollar at the official Dutch Auction System (DAS) segment of the foreign exchange market, trading at 132. Full text...

  • BCEAO denies extending collection of notes in Cote d'Ivoire
    04 january 2005 17:28:00
    Abidjan- Cote d'Ivoire (PANA) -- A senior Central Bank of West African States (BCEAO) official in Abidjan said in an interview published Tuesday by an Ivorian daily that his institution had no plans to extend the withdrawal of 1992 bank notes in northern Cote d'Ivoire currently under the control of rebels. Full text...

  • BCEAO withdraws 63 billion CFA francs worth of old notes in Niger
    29 december 2004 17:01:00
    Niamey- Niger (PANA) -- The Central Bank of West African States (BCEAO), has withdrawn from circulation about 63 billion CFA francs of its 1992 notes in Niger, according to Abdoulaye Soumana, an official of the sub-regional financial body that issued the bills. Full text...

  • Bank withdraws 94% of 1992 notes in Cote d'Ivoire
    27 december 2004 21:05:00
    Abidjan- Cote d'Ivoire (PANA) -- The Central Bank of West African States (BCEAO) has withdrawn 94% of bank notes issued in 1992 four days before the deadline, the sub-regional institution's national director, Mathurin Kablan Yao Saki, revealed on television in Abidjan Monday. Full text...

  • Nigerian Naira loses ground against dollar
    25 december 2004 11:04:00
    Lagos- Nigeria (PANA) -- The Nigerian naira closed at 132. Full text...

  • Nigerian currency rallies against US dollar
    11 december 2004 18:41:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the naira, rallied against the dollar at the official Dutch Auction System (DAS) segment of the Nigerian foreign exchange market this week, appreciating by 0. Full text...

  • Mauritanian authorities launch new bank notes
    01 december 2004 12:13:00
    Nouakchott- Mauritania (PANA) -- The phasing out Mauritanian banknotes in circulation since 1974 and the introduction of new ouguiya bills began Wednesday country-wide, official sources said here, affirming that the new notes were ultra-secure and smaller in size. Full text...

  • Supply outstrips demand at Nigerian forex market
    27 november 2004 17:54:00
    Lagos- Nigeria (PANA) -- Supply far outstripped demand at the two auctions of the official Dutch Auction System (DAS) segment of the Nigerian foreign exchange market held this week. Full text...

  • Mozambican farmers hit by shortage of coins
    26 november 2004 19:20:00
    Maputo- Mozambique (PANA) -- Mozambican peasants and marketers of agricultural products, including cashew nuts and grain, are complaining about shortage of coins and small denomination bank notes in the country's northern province of Nampula, national news agency, AIM reported Friday. Full text...

  • Inter-Bank exchange rate of the Cedi
    12 november 2004 19:44:00
    Accra- Ghana (PANA) -- Following are the average inter-bank exchange rates of major currencies against the cedi issued by the Ghana Association of Bankers on Friday: Currency Buying Selling US Dollar 8,937. Full text...

  • BCEAO pursues withdrawal of old banknotes
    11 november 2004 19:31:00
    Dakar- Senegal (PANA) -- The director of the Senegalese branch of the Central Bank of West African States (BCEAO), Seyni Ndiaye disclosed Wednesday that some 695 billion of old CFA banknotes issued in 1992 have already been withdrawn from circulation within the West African Economic and Monetary Union (UEMOA). Full text...

  • Nigerian naira falls slightly against US dollar
    30 october 2004 14:54:00
    Lagos- Nigeria (PANA) -- The Nigerian naira fell slightly to 132. Full text...

  • DR Congo Central Bank props exchange rate with US$25 million
    13 october 2004 20:27:00
    Kinshasa- DR Congo (PANA) -- The DR Congo Central Bank, BCC is providing commercial banks in the country with some 25 million US dollars to help stabilise the exchange rate market, the BCC said in a statement Wednesday. Full text...

  • Nigeria naira depreciates slightly against dollar
    10 october 2004 13:18:00
    Lagos- Nigeria (PANA) -- ZCZC \par\pard\ql\ltrpar\rtlch\ltrch\f0\fs20\b0\i0 . Full text...

  • West African bank withdraws 310 billion FCFA from market
    23 september 2004 20:09:00
    Paris- France (PANA) -- At least 310 billion FCFA (about US$500 million) have been withdrawn from circulation in the eight member countries of the Central Bank of West African States (BCEAO), its governor Charles Konan Banny revealed in Paris Thursday. Full text...

  • Franc Zone Finance Ministers to meet in Paris
    22 september 2004 20:29:00
    Paris- France (PANA) -- Economy and Finance Ministers of African countries within the Franc currency Zone are to meet their French counterpart Nicolas Sarkozy Thursday in Paris, official sources said Wednesday. Full text...

  • Nigerian Naira depreciates slightly against dollar
    18 september 2004 15:59:00
    Lagos- Nigeria (PANA) -- The Nigerian naira lost 0. Full text...

  • Experts caution against stronger Ugandan shilling
    16 september 2004 20:00:00
    Kampala- Uganda (PANA) -- The appreciation of the Ugandan shilling against the dollar and other major currencies has put a strain on the country's exports, with experts warning against the trend. Full text...

  • Low dollar supply forces fall of Zambian kwacha
    08 september 2004 15:33:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha has depreciated marginally against the greenback following increased demand for hard currency from big companies against a backdrop of low supplies. Full text...

  • BCEAO withdraws former FCFA notes
    31 august 2004 23:31:00
    Dakar- Senegal (PANA) -- The Central Bank of West African States (BCEAO) will effective 1 January 2005 withdraw former CFA franc notes, Governor Charles Konan Banny announced Tuesday. Full text...

  • Mozambique to issue new banknote
    31 august 2004 19:47:00
    Maputo- Mozambique (PANA) -- Mozambique will Wednesday introduce two new banknote for 200,000 meticais (8. Full text...

  • Kenyan shillings strengthens after CBK's intervention
    27 august 2004 15:46:00
    Nairobi- Kenya (PANA) -- The Kenyan shilling exchange rate Friday stabilised at the 81-unit mark from historical lows of 83. Full text...

  • Zambian kwacha maintains relative stability
    27 august 2004 15:28:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha currency maintained relative stability against the US dollar throughout the week as major traders on the foreign exchange market waited for the local unit to retrace its recent slide back to the long held position of 4,780 units to the greenback. Full text...

  • Kenyan shilling flounders
    26 august 2004 10:42:00
    Nairobi- Kenya (PANA) -- The Central Bank of Kenya (CBK) stepped in Wednesday to save a weakening Shilling as the local currency exchanged at a ten-year low of 82. Full text...

  • Zambian Kwacha depreciates against US dollar
    24 august 2004 16:36:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha opened trading Tuesday 0. Full text...

  • Nigerian Naira stable against US dollar
    21 august 2004 14:12:00
    Lagos- Nigeria (PANA) -- The Nigerian Naira was stable against the US dollar at the two auctions of the official Dutch Auction System (DAS) segment of the foreign exchange market this week, trading at 132. Full text...

  • Bank of Uganda withdraws vulnerable bank notes
    16 august 2004 20:32:00
    Kampala- Uganda (PANA) -- The business community in Uganda has welcomed the gradual withdraw from circulation, of 5,000 and 10,000 shilling bank notes known to be highly vulnerable to counterfeiting. Full text...

  • Demand for forex falls in Nigeria
    07 august 2004 14:19:00
    Lagos- Nigeria (PANA) -- Demand for foreign exchange dropped at the official Dutch Auction System (DAS) segment of the Nigerian foreign exchange market this week, with 182. Full text...

  • CBN mops 62 billion Naira from Nigerian financial system
    07 august 2004 12:50:00
    Lagos- Nigeria (PANA) -- Nigeria's Central Bank, CBN, mopped up some 62. Full text...

  • South African Reserve Bank to issue new commemorative coin
    27 july 2004 21:24:00
    Johannesburg- South Africa (PANA) -- The South African Reserve Bank announced Tuesday it would issue a special two-rand coin 2 August to commemorate 10 years of democracy in the country. Full text...

  • Nigerian naira depreciates further against US dollar
    24 july 2004 14:24:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the naira, continued its depreciation against the US dollar at the official Dutch Auction System (DAS) segment of the Nigerian foreign exchange market this week, closing at 132. Full text...

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