Economy - Currency
  • 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...

  • Mauritania gets new currency note
    01 february 2012 12:33:06
    Nouakchott, Mauritania (PANA) - The Central Bank of Mauritania has released a new note for the national currency, the Ouguiya. Full text...

  • Tanzania’s shilling registers slight recovery
    03 january 2012 11:25:22
    Dar es Salaam, Tanzania (PANA) - Tanzania’s shilling has made an appreciable gain against major currencies traded here over the last two days, after hitting its lowest point ever at 1,850 units for the US dollar in October 2011. Full text...

  • Libya: Economist advocates reduction of money supply
    29 december 2011 22:23:50
    Tripoli, Libya (PANA) - A Libyan economist, Ahmed Abu Lesseyn, on Thursday urged the Central Bank of Libya (BCL) to reduce money supply to solve the liquidity crisis facing the country. Full text...

  • Exchange rates of Libyan dinar
    28 december 2011 20:37:08
    Tripoli, Libya (PANA) - The following are the exchange rates of the Libyan dinar against major currencies in the world as published by the Central Bank of Libya on Wednesday. Full text...

  • Tuesday's forex rates for Mauritanian Ouguiya
    27 december 2011 19:32:43
    Nouakchott, Mauritania (PANA) - Tuesday's foreign exchange rates for the Mauritanian Ouguiya are as follows. Full text...

  • Tuesday's foreign exchange rates in Libya
    06 december 2011 15:26:50
    Tripoli, Libya (PANA) - Following are the exchange rates of the Libyan dinar against other foreign currencies, according to the exchange rates bulletin issued Tuesday by the Central Bank of Libya (BCL): Full text...

  • Friday’s foreign exchange rates for Mauritian rupee
    25 november 2011 11:31:06
    Port Louis, Mauritius (PANA) - Following are Friday's exchange rates for the Mauritian rupee: Full text...

  • Wednesday's exchange rates for Ghana cedi
    09 november 2011 12:25:53
    Accra, Ghana (PANA) - The following are the latest exchange rates of the Ghana cedi, as released on Wednesday by the Ghana Association of Bankers. Full text...

  • Exchange rates of Ghana's cedi
    08 november 2011 14:21:01
    Accra, Ghana (PANA) - The following are the exchange rates for the Ghana cedi against major world currencies on Tuesday as released by the Ghana Association of Bankers. Full text...

  • EAC to learn from Eurozone on setting up single currency
    01 november 2011 11:58:41
    Dar es Salaam, Tanzania (PANA) - Negotiations for the proposed East African Monetary Union involving the five member countries of the East African Community (EAC) have resumed in Entebbe, Uganda, with a senior official of the grouping saying the region would draw vital lessons from the Eurozone, as it moves towards its own single currency. Full text...

  • Tanzanian shilling hits all-time low
    25 october 2011 06:52:24
    Dar es Salaam, Tanzania (PANA) - Tanzania’s currency, the shilling, has hit an all-time low at 1,750 units on average against the greenback, despite last week's intervention by the central bank to halt its slide. Full text...

  • Latest exchange rates in Nigeria
    20 october 2011 21:51:12
    Lagos, Nigeria (PANA) - Following are the latest exchange rates for the nigerian currency, the naira, against other major foreign currencies, as released by the Central Bank of Nigeria(CBN). Full text...

  • Ghana currency ends mixed
    19 october 2011 15:17:42
    Accra, Ghana (PANA) - The Ghanaian currency, cedi, on Wednesday lost against major currencies, reversing the gains it made Tuesday, according to the exchange rates released by the Ghana Association of Bankers. Full text...

  • Forex: Ghana currency slips against USD, appreciates against others
    18 october 2011 13:52:28
    Accra, Ghana (PANA) - The Ghanaian currency, the Ghana cedi, on Tuesday slipped against the US dollar but appreciated against many other foreign currencies, including the pound sterling, Swiss franc, euro, South African rand and West African currencies. Full text...

  • Ghana currency opens week down
    17 october 2011 15:02:59
    Accra, Ghana (PANA) - The Ghanaian currency, cedi, opened the week down on Monday, compared with other world currencies on Friday’s close, as the Central Bank’s Monetary Policy Committee began its monthly meeting. Full text...

  • Ghana currency ends mixed Friday, down on week
    14 october 2011 15:22:55
    Accra, Ghana (PANA) - The Ghanaian currency, the cedi, ended mixed on Friday, holding its own against the US dollar, appreciating against the euro, Swiss franc and the South African rand but sliding against the pound sterling as the Government Statistician, Dr. Grace Bediako, warned that the slide in the value of the currency could affect inflation. Full text...

  • Ghana currency depreciates further
    13 october 2011 13:57:25
    Accra, Ghana (PANA) - The Ghanaian currency depreciated further against major foreign currencies on Thursday, as demand continued to put pressure on limited supply, according to the exchange rates issued by the Ghana Association of Bankers in Accra. Full text...

  • Ghana currency, cedi, continues to slide
    12 october 2011 18:36:11
    Accra, Ghana (PANA) - The Ghanaian currency, Cedi, continued its slide against major foreign currencies on Wednesday although it held its own at the buying rate at the inter-bank level, according to the exchange rates issued by the Ghana Association of Bankers in Accra. Full text...

  • Latest foreign exchange rates of the Rwandan franc
    30 september 2011 20:09:19
    Kigali, Rwanda (PANA) – The following are the latest exchange rates of the Rwandan franc against the world's major foreign currencies for Friday as issued in Kigali by the Central Bank of Rwanda. Full text...

  • Thursday's exchange rates of the Nigeria naira
    29 september 2011 21:24:15
    Lagos, Nigeria (PANA) - Following are the exchange rates for the Nigerian currency, the naira, against other major foreign currencies, as released by the Central Bank of Nigeria(CBN) on Thursday. Full text...

  • Kenyan commercial banks sidelined in shillings rescue effort
    28 september 2011 14:07:48
    Nairobi, Kenya (PANA) - The Central Bank of Kenya (CBK) has taken the unprecedented step of selling foreign currency directly to targeted sectors of the economy, mainly the oil-importing firms, in an effort to address the free fall of the local currency, the shilling. Full text...

  • Latest forex rates of the Rwandan franc
    11 august 2011 21:35:05
    Kigali, Rwanda (PANA) – The following are the latest exchange rates of the Rwandan franc against the world's major major currencies as issued in Kigali by the National Bank of Rwanda (BNR) on Thursday. Full text...

  • Malawi businesses urged not to raise prices as kwacha is devalued by 10%
    10 august 2011 16:49:58
    Blantyre, Malawi (PANA) - Authorities in Malawi have urged businesses not to raise commodity prices in the wake of a 10 per cent devaluation of the Malawi currency, the kwacha. Full text...

  • Sudan launches new currency
    24 july 2011 17:58:14
    Khartoum, Sudan (PANA) - Sudan has launched a new currency, about a week after the newly-independent South Sudan carried out a similar exercise. Full text...

  • Latest forex rates for Rwandan Franc
    22 july 2011 15:18:13
    Kigali, Rwanda (PANA) - Following are the exchange rates for the Rwandan Franc against some major international currencies as published Friday by the Central Bank Kigali in Rwanda. Full text...

  • Latest exchange rates for Rwandan franc
    14 july 2011 15:57:24
    Kigali, Rwanda (PANA) - Following are the latest exchange rates for the Rwandan franc against some major currencies, as issued in Kigali by the Central Bank of Rwanda (BNR): Full text...

  • Latest exchange rates of Mauritanian Ouguiya
    11 july 2011 15:14:19
    Nouakchott, Mauritania (PANA) - Following are the exchange rates of the Mauritanian Ouguiya against other major currencies as published Monday by the Central Bank of Mauritania. Full text...

  • South Sudan faces financial setback on independence eve
    08 july 2011 13:57:07
    Juba, South Sudan (PANA) - South Sudan geared to usher in its independence but the reality of managing the affairs of a new state dawned immediately with the sudden disappearance of the Sudanese pound from the financial markets and a huge rise in the cost of oil. Full text...

  • Thursday exchange rates for Rwandan franc
    09 june 2011 17:59:06
    Kigali, Rwanda (PANA) - Following are the latest exchange rates of the Rwandan Franc against some other major currencies as released Thursday by the Rwanda Central Bank in Kigali: Full text...

  • Forex rates in central Africa
    08 june 2011 15:11:27
    Libreville, Gabon (PANA) - Following are Wednesday's exchange rates for CFA franc of the Bank of Central African States (BEAC), according to the latest exchange rates of major currencies published Wednesday in Libreville, Gabon. Full text...

  • Latest exchange rates in Rwanda
    31 may 2011 17:46:57
    Kigali, Rwanda (PANA) - Following are the latest exchange rates for the Rwandan franc as issued Tuesday by the Central Bank of Rwanda: Full text...

  • Latest exchange rates for Mauritanian Ouguiya
    31 may 2011 15:38:00
    Nouakchott, Mauritania (PANA) - Following are the latest exchange rates for the Mauritanian Ouguiya as issued Tuesday by the Central Bank of Mauritania (BCM): Full text...

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