Economy - Currency
  • Rwanda: Wednesday's forex rates for Rwandan Franc
    14 may 2014 17:24:42
    Kigali, Rwanda (PANA) - Following are Wednesday's foreign exchange rates for the Rwandan Franc: Full text...

  • Gambia: Dalasi weakens against US dollar
    13 may 2014 22:18:39
    Banjul, Gambia (PANA) - For the 12 months ending March 2014, the Gambian currency, the Dalasi, depreciated by 12% against the US dollar. Full text...

  • Ghana: Exchange rates for Ghana cedi
    05 may 2014 15:17:47
    Accra, Ghana (PANA) – The following are Monday’s average interbank exchange rates for the Ghana cedi, as announced by the Ghana Association of Bankers. Full text...

  • Botswana: Currency appreciates against SA Rand
    05 may 2014 13:50:04
    Gaborone, Botswana (PANA) - Botswana’s central bank Monday announced that the country’s currency appreciated against that of its neighbor and major trading partner South Africa in April. Full text...

  • Ghana: Monday's forex rates for cedi
    14 april 2014 14:15:59
    Accra, Ghana (PANA) – The following are Monday’s average inter-bank exchange rates for the Ghana Cedi as announced by the Ghana Association of Bankers. Full text...

  • Nigeria: Forex dealers urged to withdraw 50 pounds in circulation
    27 march 2014 13:23:59
    Lagos, Nigeria (PANA) – The Central Bank of Nigeria (CBN) has directed authorised foreign exchange dealers and the general public to repatriate the stock of UK 50 pounds bill with the portrait of John Houbion in their possession from circulation. Full text...

  • Zambia: Depreciation of Zambian kwacha worries opposition
    20 march 2014 15:02:59
    Lusaka, Zambia (PANA) – The opposition National Restoration Party (NAREP) says the recent rapid depreciation of the local currency, the kwacha, against the major world currencies is both shocking and worrying. Full text...

  • Zambia: How to support Zambia's forex market - Pres. Sata
    17 march 2014 12:50:47
    Lusaka, Zambia (PANA) - As the Zambian national currency, Kwacha, depreciated further on Monday, President Michael Sata has said increased economic activities in the productive sectors, such as mining, should support improved performance of the foreign exchange market. Full text...

  • Zambia: Central bank pumps in US$178 million to salvage Kwacha
    13 march 2014 16:39:09
    Lusaka, Zambia (PANA) – The Bank of Zambia (BOZ) says it pumped US$ 178 million into the foreign exchange market to prevent the steep depreciation of the Kwacha and ensure foreign exchange market's stability. Full text...

  • Gabon: Thursday's exchange rates in Central Africa
    06 march 2014 12:24:14
    Libreville, Gabon (PANA) - The CFA franc of the Bank of Central African States (BEAC) appreciated slight against the US Dollar, according to Thursday's exchange rate issued by by the Libreville-based Bank of Central African States. Full text...

  • Zambia: 'Why Kwacha has depreciated'
    03 march 2014 12:45:51
    Lusaka, Zambia (PANA) - Zambian President Michael Sata has attributed the recent depreciation of the national currency, Kwacha, to a combination of domestic and international market developments. Full text...

  • Rwanda: Friday's forex rates for Rwandan franc
    21 february 2014 20:09:24
    Kigali, Rwanda (PANA) - The following are the latest foreign exchange rates for the Rwandan franc as issued by the Central African Bank on Friday: Full text...

  • Mauritania: Wednesday's exchange rates for Ouguiya
    05 february 2014 12:00:57
    Nouakchott, Mauritania (PANA) - Following are the latest foreign exchange rates for the Mauritanian Ouguiya, as issued by the Mauritania Central bank Wednesday: Full text...

  • Rwanda: Monday's forex rates for Rwandan franc
    03 february 2014 16:57:22
    Kigali, Rwanda (PANA) - Following are Monday's forex rates for the Rwandan franc: Full text...

  • Rwanda: Tuesday's forex rates for Rwandan Franc
    28 january 2014 16:29:26
    Kigali, Rwanda (PANA) - Following are the latest exchange rates for the Rwandan Franc, as issued by the Rwandan central bank Tuesday: Full text...

  • Mauritania: Thursday's forex rates for Ouguiya
    23 january 2014 11:13:12
    Nouakchott, Mauritania (PANA) - Following are Thursday's exchange rates for the Mauritanian Ouguiya: Full text...

  • Gabon: Tuesday's forex rates for CFA Franc
    14 january 2014 13:41:36
    Libreville, Gabon (PANA) - Tuesday's exchange rates for the Central African CFA Franc: Full text...

  • Rwanda: Tuesday's exchange rates in Rwanda
    14 january 2014 08:42:32
    Kigali, Rwanda (PANA) - The Rwandan Franc fell slightly against the US dollar in the latest forex exchange rates bulletin issued here Tuesday. Full text...

  • Gabon: Thursday's forex rates in Central Africa
    09 january 2014 11:49:32
    Libreville, Gabon (PANA) - Following are Thursday's foreign exchange rates for the CFA Franc in Central African States. Full text...

  • Mauritania: Thursday's forex rates for Ouguiya
    09 january 2014 11:09:20
    Nouakchott, Mauritania (PANA) - Following are Thursday's foreign exchange rates for the Mauritanian Ouguiya. Full text...

  • Gambia warns against hoarding of foreign currency
    29 july 2013 15:18:07
    Dakar, Senegal (PANA) – The Gambian presidency has issued a statement warning foreign currency dealers not to hoard the currencies ''as doing so is against the law'' of the country, PANA reports Monday. Full text...

  • ECA wants ECOWAS to fast-track regional integration through common currency
    19 july 2013 17:57:43
    Lagos, Nigeria (PANA) - ECOWAS, modelled after the European Union (EU), has been advised to fast-track the process of a common currency, in order to speed up integration of the organisation, according to Stephen Karinge, Director of Regional Integration and Trade at the Economic Commission for Africa (ECA). Full text...

  • Nigeria’s apex bank moves against currency counterfeiting
    25 june 2013 13:42:05
    Lagos, Nigeria (PANA) - Governor of the Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi has said the bank will intensify its fight against currency counterfeiting in order to maintain the integrity of the nation’s economy. Full text...

  • Monday’s forex rates for Mauritian rupee
    08 april 2013 16:56:19
    Port-Louis, Mauritius (PANA) – Following are Monday's foreign exchange rates for the Mauritian rupee: Full text...

  • Libya launches new currency to mark anti-Kadhafi revolution
    01 february 2013 12:53:43
    Tripoli, Libya (PANA) - The Central Bank of Libya has said it will issue new currency notes on 17 February on the occasion of the celebration of the second anniversary of the revolution that toppled former leader Mouammar Kadhafi. Full text...

  • Exchange rates for Rwandan franc
    22 january 2013 22:42:58
    Kigali, Rwanda (PANA) - The following are the exchange rates for the Rwandan franc on Tuesday as published by the Rwandan Central Bank. Full text...

  • Zambia launches rebased currency
    31 december 2012 15:41:31
    Lusaka, Zambia (PANA) - Zambia’s Finance Minister Alexander Chikwanda Monday launched the re-based Zambian kwacha, which comes into circulation 1 January 2013. Full text...

  • Botswana currency strengthens against SA Rand
    01 november 2012 14:20:14
    Gaborone, Botswana (PANA) - Botswana's national currency, the Pula, strengthened against the South African rand by 2.1 percent, according to Botswana's October financial statistics. Full text...

  • Survey proposes drop in VAT in African Franc zone countries
    29 october 2012 22:04:26
    Paris, France (PANA) – A reduction in the rate of value added tax (VAT) in the franc zone in Africa Full text...

  • President Jammeh cracks down on 'illegal' foreign currency transactions
    22 october 2012 15:00:22
    Banjul, Gambia (PANA) - Gambian leader Yahya Jammeh has launched an operation against dealing in foreign exchange, especially the United States dollar, whose sharp rise has been blamed for the hike in prices of basic commodities. Full text...

  • Nigerian govt suspends currency restructuring, introduction of N5,000 note
    20 september 2012 21:05:56
    Abuija, Nigeria (PANA) - The Nigerian federal government on Thursday night announced the suspension of the restructuring of the nation's currency, the Naira, including the introduction of the controversial N5,000 note by the Central Bank of Nigeria (CBN). Full text...

  • '75% of Nigerians oppose planned 5,000 naira note'
    14 september 2012 13:40:12
    Lagos, Nigeria (PANA) - A survey by the National Bureau of Statistics (NBS) has revealed that 75.1 per cent of Nigerians are opposed to the currency restructuring by the Central Bank of Nigeria (CBN), which will lead to the introduction of the 5,000 note as the country's highest currency denomination and the conversion of lesser bills to coins. Full text...

  • More protests greet planned 5,000 naira note in Nigeria
    11 september 2012 08:44:04
    Lagos, Nigeria (PANA) - The rejection of the plan to introduce the 5,000 note (US$31) as Nigeria's highest currency denomination by a cross section of people in the country has continued to reverberate, as more groups protest the plan. Full text...

  • Use of Nigeria's new 5,000 naira note not mandatory- Apex bank
    10 september 2012 08:32:59
    Lagos, Nigeria (PANA) - The apex Central Bank of Nigeria (CBN) has said banks in the country cannot compel their customers to accept the 5,000 naira note when it is introduced, as it sought to play down the controversy generated by the planned introduction of the new currency note. Full text...

  • Nigerian govt backs plan to introduce 5,000 naira currency note
    05 september 2012 09:34:00
    Lagos, Nigeria (PANA) - Unswayed by the widespread criticism of the plan by the apex Central Bank of Nigeria (CBN) to introduce the 5,000 naira note, the federal government has given the bank the green light to introduce the note. Full text...

  • Nigeria's apex bank dismisses criticism of planned 5,000 naira note
    29 august 2012 08:37:11
    Lagos, Nigeria (PANA) - The apex Central Bank of Nigeria (CBN) has dismissed the criticisms of its plan to introduce a 5,000 naira (US$31) currency note as the country's highest denomination, saying the criticisms had no basis in economics. Full text...

  • Nigeria's apex bank to spend 40.3b naira to produce new coins, currency notes
    27 august 2012 11:30:53
    Lagos, Nigeria (PANA) - The Central Bank of Nigeria (CBN) is to spend 40.3 billion naira (US$249 million) to produce new coins and naira notes, the local media reported Monday, as criticism trailed the planned introduction of the 5,000 naira note, which is the equivalent of about US$31. Full text...

  • Nigeria's apex bank set to introduce 5,000 naira note
    24 august 2012 11:03:28
    Lagos, Nigeria (PANA) - The Central Bank of Nigeria (CBN) has announced plans to introduce a new 5,000 naira note and change the existing structure of the nation’s currency from 2013, in order to encourage the usage of coins, curb inflationary pressures, enhance the quality of bank notes and promote the bank's cash-less policy. Full text...

  • Zambia’s rebased currency to come into effect 1 Jan., 2013
    23 august 2012 14:44:12
    Lusaka, Zambia (PANA) – The Bank of Zambia (BOZ) has announced that the change over date for the rebased Zambian kwacha currency has been set as 1 January, 2013. Full text...

  • Tuesday's exchange rates of the Nigerian naira
    15 may 2012 22:55:39
    Lagos, Nigeria (PANA) - Following are Tuesday's exchange rates for the Nigerian currency, the Naira, against other major foreign currencies, according to the Central Bank of Nigeria(CBN). Full text...

  • Monday's foreign exchange rates in Nigeria
    14 may 2012 21:27:10
    Lagos, Nigeria (PANA) - Following are the latest exchange rates for the Nigerian currency, the Naira, against other major foreign currencies, according to the Central Bank of Nigeria(CBN). Full text...

  • Exchange rates the Rwandan franc
    04 april 2012 20:15:04
    Kigali, Rwanda (PANA) - The following are the exchanges rates the Rwandan franc against major foreign currencies as published on Wednesday by the Central Bank of Rwanda. Full text...

  • Exchange rates of Rwandan franc
    28 march 2012 21:00:51
    Kigali, Rwanda (PANA) - The following are the exchange rates the Rwandan franc against the world's major currencies are released by the central bank on Wednesday Full text...

  • Thursday's forex rates for Comoran franc
    15 march 2012 17:33:07
    Moroni, Comoros (PANA) – Following are the latest exchange rates for Comoran franc as published here Thursday by the Comoran federal bank: Full text...

  • Latest forex rates for Comoran franc
    14 march 2012 19:36:48
    Moroni, Comoros (PANA) - Following are the exchange rates for the Comoran franc against some major foreign currencies, as published here Wednesday by the Federal Bank of Commerce (BFC) of Moroni. Full text...

  • Exchange rates of the CFA Franc
    13 march 2012 22:43:38
    Libreville, Gabon (PANA) - The following are the exchange rate of the CFA franc as announced on Tuesday by the Bank of Central African States (BEAC). Full text...

  • Kenyan Bank Governor in trouble over currency flop
    01 march 2012 15:39:30
    Nairobi, Kenya (PANA) - Central Bank of Kenya (CBK) Governor Njuguna Ndungu, survived temporarily after a parliamentary debate on a report seeking his ouster from the institution for failing to stop the fall of the Shilling was halted Thursday. Full text...

  • Latest exchange rates in Zambia
    28 february 2012 20:24:31
    Lusaka, Zambia (PANA) – Following are the latest exchange rates for the Zambian kwacha against foreign curremcies as released by the Bank of Zambia Tuesday. Full text...

  • Nigeria prints 3 billion naira currency notes annually
    24 february 2012 09:20:26
    Lagos, Nigeria (PANA) - The Nigerian Security Printing and Minting Company (NSPMC) has said it prints, on a yearly basis, three billion naira currency notes to service the various components of the country’s economy, according to NSPMC Chief Executive Officer (CEO) Ehidiamen Okoyomon. Full text...

  • Latest forex rates for CFA in Central Africa
    02 february 2012 18:09:13
    Libreville, Gabon (PANA) – Following are Thursday's exchange rates for the CFA as issued by the bank of Central African States (BEAC) here. Full text...

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