Economy - Currency
  • Zimbabwe sets up taskforce to crack down on forex dealers
    29 october 2003 20:09:00
    Harare- Zimbabwe (PANA) -- A ministerial taskforce set up to crack down on illegal foreign currency dealings in Zimbabwe Wednesday invited information from companies and the public on alleged under-hand transactions blamed for the country's economic woes. Full text...

  • Nigerian currency continues slide against US dollar
    26 october 2003 14:25:00
    Lagos- Nigeria (PANA) -- Nigeria's naira currency lost a total of 0. Full text...

  • DR Congo puts 200 CF banknote into circulation
    20 october 2003 10:38:00
    Kinshasa- DR Congo (PANA) -- A new 200 Congolese Franc (CF) banknote goes into circulation on Monday, the Central Bank of Congo (BCC) announced here at the weekend. Full text...

  • Gambia liberalises forex transactions
    13 october 2003 22:25:00
    Banjul- Gambia (PANA) -- Gambia Monday announced a new foreign exchange policy allowing visitors to bring in any amount of foreign currency, but with a ceiling on what should be taken out. Full text...

  • Zambian kwacha remains steady against the US dollar
    13 october 2003 13:35:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha on Monday remained stuck at 4,740 to the greenback for the third consecutive day of trading, mainly because of muted activity in the foreign exchange market. Full text...

  • South Africa's trade union warns of recession
    07 october 2003 11:55:00
    Johannesburg- South Africa (PANA) -- South Africa's trade union, Solidarity, has expressed concern at the continued rise of the rand against other currencies, particularly the US dollar, saying that companies are currently preparing for a new wave of retrenchments, using the strong rand as an excuse. Full text...

  • Dipping Gambian dalasi sparks raid of street money dealers
    06 october 2003 11:48:00
    Banjul- Gambia (PANA) -- Gambian security authorities have seized millions of CFA francs in a swoop of street-side money exchangers in Sibanor village, 100km outside the capital, police sources have disclosed. Full text...

  • Mozambican Central Bank lifts ban on exchange Bureaux
    04 october 2003 19:22:00
    Maputo- Mozambique (PANA) -- The Central Bank of Mozambique has partially lifted the ban it imposed in 2002 on the opening new foreign exchange bureaux in Maputo. Full text...

  • Nigerian currency slides against US dollar
    04 october 2003 10:50:00
    Lagos- Nigeria (PANA) -- Nigeria's naira currency has lost 0. Full text...

  • Zimbabwean Central Bank pumps billions into circulation
    02 october 2003 20:16:00
    Harare- Zimbabwe (PANA) -- The Central Bank of Zimbabwe said Thursday it had pumped 96 billion Zimbabwean dollars into circulation to ease a five-month cash crisis, which has almost sparked riots in the country. Full text...

  • Congolese franc firms up to US dollar
    01 october 2003 18:39:00
    Kinshasa- DR Congo (PANA) -- DR Congo franc appreciated by 1. Full text...

  • Gambian leader gives ultimatum to currency dealers
    30 september 2003 23:24:00
    Banjul- Gambia (PANA) -- President Yahya Jammeh on Tuesday issued an ultimatum to foreign currency dealers, saying they should surrender their money to government by Thursday or face the full force of the law. Full text...

  • Canadian company regrets faulty Zambian banknotes
    29 september 2003 11:57:00
    Lusaka- Zambia (PANA) -- The Canadian company which printed Zambia's new plastic bank notes introduced at the weekend and found to be faulty has apologised for defects on the currency, press reports said Monday. Full text...

  • Nigerian currency rebounds against US dollar
    27 september 2003 16:12:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the Naira, appreciated against the US dollar at the official Dutch Auction System (DAS) segment of the foreign exchange trading this week, closing at 128. Full text...

  • Zambian Central Bank issues high value notes
    27 september 2003 10:03:00
    Lusaka- Zambia (PANA) -- Ordinary citizens have condemned the Bank of Zambia's decision to put into circulation two high value denomination notes, which they regard as a potential source of hyper-inflation. Full text...

  • Gambia's currency gains strength after dealers' round-up
    24 september 2003 22:23:00
    Banjul- Gambia (PANA) -- Gambia's local currency, the dalasis (D) has appreciated against major foreign currencies a few days after a crackdown against illegal money changers, according to the secretary of state (minister) for tourism and culture, Yankuba Touray. Full text...

  • Zimbabwe introduces new payment system
    23 september 2003 20:07:00
    Harare- Zimbabwe (PANA) -- The Zimbabwean Central Bank Tuesday introduced bearer cheques as legal tender, as authorities battle to solve a four-month-old national cash crisis. Full text...

  • Gambia nabs over 200 illegal currency dealers
    22 september 2003 22:15:00
    Banjul- Gambia (PANA) -- Over 200 illegal money dealers were arrested Monday in a joint operation by the Gambian police and immigration officials in several urban centres. Full text...

  • DR Congo to print new Congolese franc notes
    22 september 2003 12:58:00
    Kinshasa- DR Congo (PANA) -- New small denomination banknotes in the DR Congo currency will soon be introduced to replace old bills of the same value. Full text...

  • Nigeria's apex bank to sanction banks over dirty notes
    22 september 2003 12:51:00
    Lagos- Nigeria (PANA) -- The Central Bank of Nigeria (CBN) has threatened to sanction banks caught recycling dirty banknotes, following an outcry from the public over the increasing number of "dog-eared" notes now in circulation in the country. Full text...

  • Nigerian currency continues fall against US dollar
    20 september 2003 16:26:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the Naira, lost 0. Full text...

  • Zambian kwacha gains from reduced maize imports
    16 september 2003 16:18:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha Tuesday exchanged at between 4,700 and 4,750 units to the US dollar on the foreign exchange market. Full text...

  • Nigerian currency slides further against the greenback
    13 september 2003 16:23:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the Naira, depreciated by 0. Full text...

  • Zambian kwacha gains against US dollar
    11 september 2003 14:46:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha was exchanging for 4,730 units against the US dollar early Thursday after going for 4,750 to the greenback Wednesday. Full text...

  • EAC members to study feasibility of envisaged common currency
    10 september 2003 16:17:00
    Kampala- Uganda (PANA) -- Central banks of the East African Community (EAC) comprising Kenya, Tanzania, and Uganda plan to launch a cross-border survey beginning next month to ascertain the economic viability of a regional common currency that they envisage to introduce in 2010. Full text...

  • Nigerian currency appreciates slightly against US dollar
    30 august 2003 17:22:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the Naira, appreciated by 0. Full text...

  • Nigerian currency continues fall against US dollar
    23 august 2003 14:54:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the Naira further depreciated against the dollar this week as it lost a total of 0. Full text...

  • Madagascar plans to adopt new currency in January
    22 august 2003 11:35:00
    Antananarivo- Madagascar (PANA) -- The department of financial operations of the Central Bank of Madagascar has announced the introduction of a new currency known as 'ariary' for the country on 1 January 2005. Full text...

  • Central Bank swings into action as Malawi Kwacha tumbles
    14 august 2003 14:27:00
    Blantyre- Malawi (PANA) -- The Reserve Bank of Malawi (Central Bank) has banned the random buying of foreign exchange, as the local currency continued to tumble. Full text...

  • Zambian kwacha slips against US dollar
    14 august 2003 13:38:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha has depreciated by 170 units against the US dollar on the foreign exchange market following rising demand from importers and a slack in the supply of hard currency from non-profit institutions. Full text...

  • Nigerian currency slides against US dollar
    09 august 2003 13:21:00
    Lagos- Nigeria (PANA) -- Nigeria's naira currency lost 28 kobo to the US dollar at the two sessions of the official Dutch Auction System (DAS) of foreign exchange allocation held this week, closing at N128. Full text...

  • Nigerian currency appreciates slightly
    02 august 2003 16:21:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the Naira, appreciated by 0. Full text...

  • Zimbabwe dollar comes under pressure, loses value
    31 july 2003 18:20:00
    Harare- Zimbabwe (PANA) -- The Zimbabwe dollar sharply depreciated against major currencies this week, on the back of strong importer demand and speculative pressure from currency dealers, bankers said on Thursday in Harare. Full text...

  • Nigerian currency appreciates slightly against dollar
    26 july 2003 16:18:00
    Lagos- Nigeria (PANA) -- The Nigerian Naira, appreciated by 69 kobo (0. Full text...

  • Nigerian currency in free fall against greenback
    19 july 2003 18:15:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the Naira, lost a total of 32 kobo to the US dollar at the two sessions of the official Dutch Auction System (DAS) of foreign exchange allocation held this week, closing at 127. Full text...

  • 42.5 billion in new 10,000-CFA franc notes
    18 july 2003 22:18:00
    Abidjan- Cote d'Ivoire (PANA) -- Some 42. Full text...

  • Central Bank injects funds to ease cash shortage in Zimbabwe
    18 july 2003 17:36:00
    Harare- Zimbabwe (PANA) -- Zimbabwe's Central Bank Friday pumped 12 billion Zimdollars into circulation to ease critical cash shortages in the country. Full text...

  • Nigerian Naira appreciates against US dollar
    13 july 2003 12:36:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the Naira, gained a cumulative 13 kobo at the two sessions of the Dutch Auction System (DAS) of foreign exchange allocation held last week, closing at 127. Full text...

  • Lack of banks at border town boon for moneychangers
    12 july 2003 19:30:00
    Nairobi- Kenya (PANA) -- A young man suddenly dashes forward with a bundle of notes in his hands, and approaches a potential client. Full text...

  • Zambia's apex bank to introduce high value notes
    02 july 2003 16:52:00
    Lusaka- Zambia (PANA) -- The Bank of Zambia is to introduce new high value notes in the denomination of 20,000 kwacha (four dollars) and 50,000 kwacha (10 dollars) as a way of meeting the public payment demands, the bank's head of public relations, Kabinga Pande, said here on Wednesday. Full text...

  • New 10,000 FCFA banknote goes in circulation
    30 june 2003 18:59:00
    Dakar- Senegal (PANA) -- The Dakar-based Central Bank of West African States (BCEAO) Monday put into circulation a new 10,000 FCFA banknote (about 17. Full text...

  • Nigerian Naira stable against US dollar
    28 june 2003 14:44:00
    Lagos- Nigeria (PANA) -- Nigeria's naira currency remained stable against the US dollar at the last session of the Dutch Auction System (DAS) of the foreign exchange allocation on Wednesday, closing at 127. Full text...

  • Nigerian currency dips against US dollar
    21 june 2003 12:07:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the Naira, fell against the US dollar at the last session of the Dutch Auction System (DAS) of foreign exchange allocation held this week, closing at 127. Full text...

  • Dollar's slide worries Guinea-Bissau traders
    20 june 2003 12:25:00
    Bissau- Guinea-Bissau (PANA) -- The Association of Guinea-Bissau Traders has expressed serious concern at the fall of the US dollar on the global market and its repercussions on the price of cashew nuts, the country's major export commodity. Full text...

  • Zambian kwacha remains 'range bound' against low demand
    17 june 2003 14:28:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha began trading on Tuesday at between 4,800 and 4,850 units to the US dollar as the Central Bank wholesale dealing window remained closed to the market, against the backdrop of low demand. Full text...

  • Nigerian currency rallies against US dollar
    14 june 2003 15:26:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the Naira rallied against the dollar at the last session of the Dutch Auction System (DAS) of foreign exchange allocation held this week, closing at 127. Full text...

  • Zambian kwacha plummets under importers' pressure
    10 june 2003 12:49:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha was on Tuesday down by 0. Full text...

  • Inter-bank exchange rates of the cedi
    09 june 2003 20:29:00
    Accra- Ghana (PANA) -- Following are the average inter-bank exchange rates of major currencies against the cedi issued Monday by the Ghana Association of Bankers: Currency Buying Selling US Dollar 8,577. Full text...

  • Nigerian Naira stable against US dollar
    07 june 2003 19:29:00
    Lagos- Nigeria (PANA) -- The Nigerian currency, the Naira, maintained its last week's exchange rate against the dollar at the last session of the Dutch Auction System (DAS) of foreign exchange allocation this week, closing at 127. Full text...

  • Zambian Kwacha fairly stable
    03 june 2003 16:46:00
    Lusaka- Zambia (PANA) -- The Zambian Kwacha remained stable Tuesday exchanging for 4,730 units against the US dollar (bid) and 4,780 (offer), on the foreign exchange market, the same inter-bank rate for last Friday. Full text...

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