Economy - Currency
  • Zambian Kwacha depreciates further
    21 may 2001 15:53:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha dipped further Monday, although analysts predicted that it could stabilise later in the week when the supply of hard currency is expected to improve. Full text...

  • Kwacha continues to be bearish against US dollar
    17 may 2001 12:53:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha continued to be bearish against the US dollar forcing the local unit to have lost an estimated 1. Full text...

  • Hard currency still abundant as Metical depreciates
    15 may 2001 08:15:00
    Maputo- Mozambique (PANA) -- The Bank of Mozambique has insisted that the country faces no foreign currency shortage despite the continuing sharp depreciation of the Mozambican currency, the metical, against the US dollar. Full text...

  • Central Bank blamed for Nigeria's falling naira
    14 may 2001 20:05:00
    Lagos- Nigeria (PANA) -- Nigeria's official economic watchdog has blamed the country's Central Bank for the continuous depreciation of the national currency, the naira and the spiralling inflation. Full text...

  • Namibia's exchange rates for Wednesday
    09 may 2001 16:41:00
    Windhoek- Namibia (PANA) -- Following are the daily exchange rates against the Namibian dollar for Wednesday afternoon, as provided by the First National Bank's Treasury Division: [ST] Dollar/Commercial Rand: 7. Full text...

  • Zambian kwacha loses ground
    08 may 2001 17:24:00
    Lusaka- Zambia (PANA) -- The Central Bank in Zambia was Tuesday auctioning a million US dollars in a bid to shore up the strength of the local kwacha that sagged three per cent on Monday's trading. Full text...

  • Bank of France's allays worries over FCFA's lot with Euro
    05 may 2001 17:15:00
    Dakar- Senegal (PANA) -- The Governor of the Bank of France, Jean-Claude Trichet, has said that the linking of the CFA Franc to the European currency would not be a problem when the French franc is replaced by the Euro in January 2002. Full text...

  • Morocco devalues the dirham
    26 april 2001 16:24:00
    Rabat- Morocco (PANA) -- Finance ministry officials in Rabat have announced a devaluation of Morocco's dirham by 5 per cent in a bid to cushion off the impact of fluctuations in major international currencies. Full text...

  • Zambian Kwacha regains strength against the dollar
    25 april 2001 12:24:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha has, after a month of uncontrollable depreciation, hit a skid and become bullish against the US dollar. Full text...

  • Kwacha continues drop in spite of Intervention
    21 april 2001 16:54:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha continued its slow slide against the US dollar when markets closed for the weekend in spite of the Central Bank's sustained efforts to shore it up. Full text...

  • Zambian currency shunted to new low
    19 april 2001 18:14:00
    Lusaka- Zambia (PANA) -- The Bank of Zambia has injected seven million US dollars into the local foreign exchange market in a bid to halt the slide of the local currency, Kwacha. Full text...

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