Economy - Currency
  • CFA franc quoted anew in Mauritania
    15 july 2004 11:46:00
    Nouakchott- Mauritania (PANA) -- The West African currency, the CFA franc, has been quoted anew at the Central Bank of Mauritania, primary banks and the exchange bureaux. Full text...

  • Bank of Uganda helps dollar gain against shilling
    14 july 2004 20:37:00
    Kampala- Uganda (PANA) -- The dollar gained dismal weight against the Uganda shilling following a double buying intervention by the Bank of Uganda (BOU) to keep stability in the money market that has suffered mainly demand shocks since last week. Full text...

  • Mauritania to hold currency talks with CFA zone
    29 june 2004 10:57:00
    Nouakchott- Mauritania (PANA) -- Mauritania wants to hold negotiations with CFA zone countries to find a solution to the exchange rate problems of its national Ouguiya currency, official sources told PANA Tuesday. Full text...

  • Mauritania maintains Franc CFA as legal tender
    17 june 2004 22:50:00
    Nouakchott- Mauritania (PANA) -- Mauritania will not ban the franc CFA as a legal tender, the country's information minister and government spokesman Hamoud Ould Abdy stated here Wednesday. Full text...

  • Disparities delay single ECOWAS currency
    16 june 2004 23:45:00
    Dakar- Senegal (PANA) -- The governor of the Central Bank of West African States (BCEAO), Charles Konan Banny regretted Wednesday in Dakar that there were insufficient breakthroughs recorded in the necessary convergence of ECOWAS economies as the deadline approaches for the coming into being of a single currency for the sub-region. Full text...

  • Apex bank governor says SPLA/M currency violates accord
    16 june 2004 16:25:00
    Khartoum- Sudan (PANA) -- Central Bank Governor Saber Mohammed Alhassan has described the printing of a currency by the Sudan People's Liberation Army/Movement (SPLA/M) as a violation of the peace accord signed between Khartoum and the rebels to end Africa's longest running civil war. Full text...

  • Rwanda issued new 5,000 Franc banknote
    14 june 2004 21:05:00
    Kigali- Rwanda (PANA) -- Rwanda National Bank (BNR) has issued a new legal tender of 5,000 francs (about $9) which went into circulation at the weekend. Full text...

  • Mauritanian Ouguiya gains against the Euro
    10 june 2004 19:10:00
    Nouakchott- Mauritania (PANA) -- The Mauritanian currency, the Ouguiya recorded a 24 percent gain against the Euro, exchanging Thursday at 324 Ouguiyas to the euro, as against 424 Ouguiyas by the close of last week. Full text...

  • Nigerian currency appreciates against US dollar
    05 june 2004 12:43:00
    Lagos- Nigeria (PANA) -- Nigerian currency, the naira, appreciated by 0. Full text...

  • Zambian kwacha buckles under pressure from importers
    02 june 2004 12:51:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha was on Wednesday expected to depreciate to a new low of about 4,800 units to the US dollar at the close of business, in the face of intense pressure from importers. Full text...

  • Demand for forex drops in Nigeria
    29 may 2004 15:34:00
    Lagos- Nigeria (PANA) -- Demand for foreign exchange dropped at the official Dutch Auction System (DAS) segment of Nigeria's foreign exchange market this week with 231. Full text...

  • Zimbabwe moves to harness foreign exchange from citizens abroad
    26 may 2004 21:23:00
    Harare- Zimbabwe (PANA) -- The central bank in Zimbabwe Wednesday launched a campaign to attract foreign currency remittances from an estimated 3. Full text...

  • Mauritian foreign reserve up
    21 may 2004 17:42:00
    Port-Louis- Mauritius (PANA) -- Mauritian foreign reserve has risen to 1. Full text...

  • Nigerian Naira picks up against US dollar
    15 may 2004 15:48:00
    Lagos- Nigeria (PANA) -- The Nigerian Naira appreciated against the US dollar at the last session of the official Dutch Auction System (DAS) segment of the foreign exchange market this week, closing at 133. Full text...

  • Five ECOWAS countries to adopt ECO currency in 2005
    10 may 2004 20:19:00
    Accra- Ghana(PANA) -- Five ECOWAS countries are to adopt the "ECO" currency as a common legal tender by 1 July 2005, a Ghanaian official said Monday. Full text...

  • Ugandan currency pushes against greenback
    08 may 2004 17:45:00
    Kampala- Uganda (PANA) -- The Ugandan shilling appreciated against the greenback during this week trading at 1,890/1,906 shillings to the dollar as compared to 1,906/1,912 shillings that bought one dollar last week. Full text...

  • Demand for Forex increases in Nigeria
    08 may 2004 15:52:00
    Lagos- Nigeria (PANA) -- There was an increased demand for foreign exchange at the official Dutch Auction System (DAS) segment of the Nigerian foreign exchange market this week as a total of $259. Full text...

  • Demand for forex drops in Nigeria
    01 may 2004 14:20:00
    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 some 208. Full text...

  • Ugandan shilling down 3.2% to US dollar
    22 april 2004 15:19:00
    Kampala- Uganda (PANA) -- The Ugandan Shilling was down by 3. Full text...

  • Nigerian currency appreciates against US dollar
    17 april 2004 14:38:00
    Lagos- Nigeria (PANA) -- The Nigerian Naira gained 0. Full text...

  • Malagasy traders quote prices in euro
    09 april 2004 22:45:00
    Antananarivo- Madagascar (PANA) -- The unstable state of the Malagasy franc (fgm) against major currencies has led businesses on the island to quote prices in the European currency, the euro. Full text...

  • Malagasy traders post their prices in euro
    09 april 2004 17:51:00
    Antananarivo- Madagascar (PANA) -- Infuriated by the instability of the Malagasy franc against major foreign currencies (euro and dollar), an increasing number of local traders are pricing their goods in euro. Full text...

  • Nigerian currency continues climb against US dollar
    03 april 2004 16:56:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the naira, appreciated by 0. Full text...

  • Malagasy franc continues slide on currency market
    01 april 2004 17:23:00
    Antananarivo- Madagascar (PANA) -- The Malagasy franc has continued to depreciate on Madagascar's inter-bank currency market, dropping by 20 percent in mid week trading. Full text...

  • 500 FC bill worries consumers in Kisangani
    30 march 2004 19:56:00
    Kinshasa- DR Congo (PANA) -- A 500 Congolese Franc (FC) bill issued by the Central Bank of Congo (BCC) has generated a controversy in the main eastern city of Kisangani, business sources indicated Tuesday. Full text...

  • Nigerian currency continues gain on US dollar
    27 march 2004 11:14:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the naira, appreciated by 0. Full text...

  • S. African rand reinstated as legal tender in Swaziland
    24 march 2004 09:32:00
    Mbabane- Swaziland (PANA) -- Banknotes of the South African rand currency have been reinstated as official legal tender in Swaziland. Full text...

  • Nigerian currency appreciates against US dollar
    06 march 2004 17:41:00
    Lagos- Nigeria (PANA) -- Nigeria's naira currency has appreciated by 0. Full text...

  • Uganda shilling loses gains against greenback
    05 march 2004 11:25:00
    Kampala- Uganda (PANA) -- A slowed down supply in the face of rising corporate demand in the foreign exchange market during this week dealt a soft blow on the Uganda shilling, losing its earlier gains against the US dollar. Full text...

  • Zambian kwacha stable against US dollar
    04 march 2004 13:41:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha was stable Thursday against the US dollar at 4,700 units (bid) and 4,750 (offer), on the foreign exchange market. Full text...

  • Nigerian currency appreciates against US dollar
    28 february 2004 14:52:00
    Lagos- Nigeria (PANA) -- Nigerian currency, the Naira, appreciated by 0. Full text...

  • Nigerian currency maintains gain on US dollar
    21 february 2004 17:46:00
    Lagos- Nigeria (PANA) -- Nigeria's naira currency this week appreciated by 0. Full text...

  • Nigerians express mixed reactions over 1,000 naira note
    18 february 2004 14:24:00
    Lagos- Nigeria (PANA) -- Nigerians have offered mixed reactions to plans by the Central Bank of Nigeria (CBN) to introduce 1,000 naira note before the end of 2004. Full text...

  • Nigerian currency stable against greenback
    14 february 2004 19:50:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the naira, was stable against the US dollar at the two auctions held at the official Dutch Auction System (DAS) segment of the foreign exchange market this week, where it is still being exchanged for 135. Full text...

  • Nigeria to introduce 1,000 naira bill this year
    12 february 2004 10:40:00
    Lagos- Nigeria (PANA) -- Nigeria plans to introduce the country's highest currency denomination of 1,000 naira by the end of 2004, according to the spokesman for the Central Bank of Nigeria (CBN), Tony Ede. Full text...

  • Nigerian currency appreciates against US dollar
    07 february 2004 16:50:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the naira, appreciated by 0. Full text...

  • Zimbabwean dollar falls against major currencies
    07 february 2004 10:58:00
    Harare- Zimbabwe (PANA) -- The Zimbabwean dollar fell marginally against major currencies this week at the currency auction, reversing gains in January which the government had hailed as heralding the start of a turnaround of the country's troubled economy. Full text...

  • Nigerian Naira continues gain against US dollar
    31 january 2004 13:51:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the naira, appreciated by 0. Full text...

  • Burundi to liberalise currency market
    30 january 2004 22:24:00
    Bujumbura- Burundi (PANA) -- Private foreign currency exchange bureaux will be allowed to operate in Burundi with effect from February, sources close to the Bank of the Republic of Burundi (BRB) told PANA in Bujumbura. Full text...

  • Nigerian Naira appreciates against US dollar
    24 january 2004 13:20:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the Naira, appreciated by 0. Full text...

  • Nigerian currency appreciates against US dollar
    18 january 2004 10:50:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the naira appreciated by 0. Full text...

  • AFD sees no signs for devaluation of franc CFA
    13 january 2004 19:04:00
    Paris- France (PANA) -- The French development agency (AFD) says no "objective element" currently justifies a new devaluation of the franc CFA, which has a fixed parity with the common European currency, Euro. Full text...

  • Zimbabwe launches forex auction
    12 january 2004 19:58:00
    Harare- Zimbabwe (PANA) -- The Central Bank of Zimbabwe Monday launched an official foreign currency auction intended to stem a thriving black market blamed by the authorities for the country's worsening economic crisis. Full text...

  • Sierra Leone apex bank abhors local transaction in dollar
    09 january 2004 15:59:00
    Freetown- Sierra Leone (PANA) -- The Central Bank of Sierra Leone has warned business entities against quoting prices in US dollars, blaming the practice for the foreign exchange scarcity that has hit the country in recent times. Full text...

  • Regional Bank urges Cameroonian banks to accept mutilated bills
    08 january 2004 17:30:00
    Yaounde- Cameroon (PANA) -- Jean Felix Mamalepot, Governor of the Bank of Central African States (BEAC) Thursday in Yaounde urged banks in Cameroon not to reject mutilated FCFA bills. Full text...

  • Zambian kwacha rebounds against US dollar
    07 january 2004 14:18:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha opened trading firmly Wednesday, after unexpected gains on Tuesday to level out the losses it posted Monday at the end of the first day of actual trading in the New Year. Full text...

  • Zambian kwacha depreciates by more than 200 units
    30 december 2003 12:49:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha, which over the past few weeks enjoyed unprecedented buoyancy against the US dollar posted a 200-unit depreciation at Monday's trading. Full text...

  • Nigerian Naira appreciates against US dollar
    13 december 2003 16:27:00
    Lagos- Nigeria (PANA) -- The Nigerian Naira gained 0. Full text...

  • Opposition requests govt to scrap exchange controls
    05 december 2003 13:04:00
    Johannesburg- South Africa (PANA) -- Opposition leader Tony Leon of the Democratic Alliance (DA) has called on government to drop monetary exchange controls, arguing that the exchange rate would not reflect the true market price of the rand as long as controls were in place. Full text...

  • Nigerian currency stable against dollar
    29 november 2003 16:57:00
    Lagos- Nigeria (PANA) -- After five weeks of steady depreciation, Nigeria's naira currency stabilised against the dollar this week at the Dutch Auction System (DAS) segment of the foreign exchange market, closing at 138. Full text...

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