Economy - Currency
  • 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...

  • Uganda apex bank introduces Shs50,000 banknote
    28 november 2003 12:10:00
    Kampala- Uganda (PANA) -- Uganda Central Bank (BOU) has introduced its controversial 50,000 Shillings banknote despite threats by parliament to stop its circulation over fears the denomination of the bill could create economic havoc. Full text...

  • Worn bank notes flood Goma in DR Congo
    27 november 2003 17:53:00
    Goma- DR Congo (PANA) -- Worn bills of DR Congo's Francs (CF) have flooded the currency market in Goma, the former stronghold of the pro-Rwanda rebel Congolese Rally for Democracy (RCD), even after government had announced the release of new bills. Full text...

  • Kufuor wants West African Central Bank in Accra
    26 november 2003 19:09:00
    Accra- Ghana (PANA) -- Ghanaian President John Kufuor Wednesday said the headquarters of the envisaged West African Central Bank should be sited in Accra. Full text...

  • Kenyan shilling experiences short-lived gains
    22 november 2003 18:05:00
    Nairobi- Kenya (PANA) -- Remarkable gains by the Kenyan shilling against international currencies in the week to 11 November were short-lived a week later, reflecting the weakening of the greenback against European currencies, the Central Bank of Kenya (CBK) disclosed here. Full text...

  • Nigerian currency continues slide against US dollar
    22 november 2003 16:44:00
    Lagos- Nigeria (PANA) -- Nigeria's naira currency continued its slide against the US dollar at the second session of the Dutch Auction System (DAS) segment of the country's foreign exchange market this week, closing at 138. Full text...

  • Closing rates of the Ghana cedi
    21 november 2003 19:45:00
    Accra- Ghana (PANA) -- The following are the average inter-bank exchange rates of major currencies against the cedi issued by the Ghana Association of Bankers for the week ending Friday, November 21, 2003. Full text...

  • Zambian kwacha maintains month-long stability
    21 november 2003 14:47:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha was Friday trading at 4,720 units (buy) and 4,770 units (sell) to the US dollar in a month-long stint in which the local currency hardly went above 4,790 kwacha (offer) and 4,710 kwacha (bid) to the greenback. Full text...

  • Ugandan shilling still stable against US dollar
    20 november 2003 14:49:00
    Kampala- Uganda (PANA) -- Improved inflow of international currencies, notably the US green back, amidst subdued demand helped Uganda shillings register relative stability for four straight months, a senior economist at the Bank of Uganda (BOU) has said. Full text...

  • COMESA to use local currencies in cross-border trade
    19 november 2003 10:28:00
    Nairobi- Kenya (PANA) -- Finance ministers from the Common Market for Eastern and Southern Africa (COMESA) Tuesday approved the setting up of a facility allowing member states to use their local currencies in cross-border trade. Full text...

  • Nigerian naira continues free-fall against US dollar
    08 november 2003 15:53:00
    Lagos- Nigeria (PANA) -- The free-fall of the Nigerian currency, the naira, against the US dollar this week at the official Dutch Auction System (DAS) segment of the country's foreign exchange market, has had a ripple effect on the exchange rates of the currency at the parallel market. Full text...

  • Nigerian Central Bank blames Naira fall on speculators
    07 november 2003 16:06:00
    Lagos- Nigeria (PANA) -- The Central Bank of Nigeria (CBN) has blamed the depreciation of the local currency, Naira, on speculative trading at the official Dutch Auction System (DAS) segment of the foreign exchange market. Full text...

  • Zambian kwacha remains steady against US dollar
    04 november 2003 14:12:00
    Lusaka- Zambia (PANA) -- Zambia's currency, the kwacha, Tuesday defied the odds and resisted pressure to breach the exchange rate of 4,800 units to one US dollar, as trading resumed on the foreign exchange market for the second day of the week. Full text...

  • Canadian firm supplies Zambian with new banknotes
    03 november 2003 16:13:00
    Lusaka- Zambia (PANA) -- The Central Bank of Zambia Monday said that the Canadian Bank Note-making company (CBN) has rectified the problems the 500 kwacha (about 12. Full text...

  • Nigerian Naira continues downward slide
    01 november 2003 13:36:00
    Lagos- Nigeria (PANA) -- The Nigerian Naira lost a total of 2. Full text...

  • States ponder change of 'CFA Franc' label, says BCEAO governor
    31 october 2003 11:59:00
    Paris- France (PANA) -- African States of the franc zone are contemplating removal of the term "franc" to refer to their currency as the CFA, according to Central Bank of West African States (BCEAO) governor, Charles Konan Banny. Full text...

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