Economy - Currency
  • Experts suggest ways out of Nigeria's falling currency
    19 january 2009 22:01:00
    Lagos- Nigeria (PANA) -- Financial and Economic experts have been suggesting ways out of the continuing depreciation of the Naira, the Nigerian currency, saying r eduction in importation of non-essential goods and excessive frivolous foreign t r ips by politicians and government officials have had a negative impact on the va l ue of the local currency. Full text...

  • SA rand down against CFA franc
    16 january 2009 16:05:00
    Libreville- Gabon (PANA) -- The South African rand has fallen against the CFA fra nc in the Bank of the Central African States (BEAC) zone, according to the newsl e tter on the exchage rate of the main foreign currencies as issued here Friday. Full text...

  • Zimbabwe unveils Z$100 trillion bank note
    16 january 2009 10:34:00
    Harare- Zimbabwe (PANA) -- As hyper-inflation in Zimbabwe soars unabated, the central bank Friday unveiled a new higher denomination bank note of Z$100 trillion. Full text...

  • Zimbabwe unveils Z$100 trillion bank note
    16 january 2009 09:54:00
    Harare- Zimbabwe (PANA) -- As hyper-inflation in Zimbabwe soars unabated, the central bank Friday unveiled a new higher denomination bank note of Z$100 trillion. Full text...

  • Latest foreign exchange rates in Mauritius
    08 january 2009 10:26:00
    Port-Louis- Mauritius(PANA) -- Following are the exchange rates for the Mauritian rupee against some foreign currencies as issued by the commercial banks here on Thursday: Currency Buying Selling Australian dollar 21. Full text...

  • Yen, British pound depreciate against CFA franc
    08 january 2009 10:24:00
    Libreville- Gabon (PANA) -- The Japanese Yen and the British pound dropped on Thursday morning against the CFA franc in the Bank of the Central African States (BEAC) zone, according to the foreign exchange newsletter issued here. Full text...

  • Zimbabwe unveils new higher denomination bank notes
    12 december 2008 11:39:00
    Harare- ZImbabwe (PANA) -- The Central Bank of Zimbabwe Friday unveiled new high- denomination bank notes (ZW$ 200 million and ZW$ 500 million), to grapple with s o aring inflation. Full text...

  • US Dollar, Japanese yen stable against CFA franc
    05 december 2008 09:01:00
    Libreville- Gabon (PANA) -- The US dollar and the Japanese yen remained stable ag ainst the CFA franc in the Bank of the Central African States (BEAC), according t o the exchange rate newsletter issued here Friday. Full text...

  • Zimbabwe introduces new higher-denomination bank notes
    03 december 2008 08:33:00
    Harare- Zimbabwe (PANA) -- The Central Bank in Zimbabwe Wednesday announced it was introducing new higher-denomination Z$10 million, Z$50 million and Z$100 million bank notes in response to soaring hyper-inflation. Full text...

  • US$ gains slightly against Libyan dinar
    02 december 2008 22:26:00
    Tripoli- Libya (PANA) -- The US dollar on Tuesday gained slightly against the Libyan dinar while the Euro dropped against the Libyan currency, according t o exchange rates released by the Libyan Central Bank (BCL). Full text...

  • US dollar up, British pound down against CFA
    17 november 2008 12:44:00
    Libreville- Gabon (PANA) -- While the US dollar continues to rise, the British po und fell against the CFA franc in Central African States (BEAC) zone, according t o the exchange rate of the main foreign currencies as issued by the Gabonese com m ercial banks Monday. Full text...

  • American dollar rises above Libyan dinar
    13 november 2008 17:11:00
    Tripoli- Libya (PANA) -- The US dollar Thursday recorded a slight rise above the Libyan dinar while the euro depreciated, according to the foreign exchange bulle t in of the Central Bank of Libya (BCL) published here. Full text...

  • US dollar down, Swiss franc up against CFA franc
    11 november 2008 14:18:00
    Libreville- Gabon (PANA) -- The US dollar slightly dropped while the Swiss franc increased against the FCFA franc in the Central Africa zone (Bank of the Central African States BEAC). Full text...

  • Zimbabwe introduces million-dollar bank note
    03 november 2008 09:42:00
    Harare- Zimbabwe (PANA) -- The central bank of Zimbabwe Monday introduced three n ew higher denomination bank notes, up to the one million Zim-dollar note (Z$1,00 0 , 000), as the country battles with record inflation of more than 230 million pe r cent. Full text...

  • US dollar, Japanese yen rise against CFA F
    23 october 2008 18:47:00
    Libreville- Gabon (PANA) -- The US dollar and the Japanese yen continued their ri se for the fourth day running compared to CFA F of the zone of the Bank of the S t ates of Central Africa (BEAC). Full text...

  • Egypt bank says pound likely to fall further
    23 october 2008 12:17:00
    Cairo- Egypt (PANA) -- The head of the Central Bank of Egypt has told reporters that he favored a weaker Egyptian pound against the US dollar. Full text...

  • Dollar, yen rise against CFA F in BEAC zone
    22 october 2008 21:42:00
    Libreville- Gabon (PANA) -- The US dollar and the Japanese yen have appreciated a gainst CFA franc in the Bank of the States of Central Africa (BEAC) zone, accord i ng to the rates published by the trade banks in Gabon on Wednesday. Full text...

  • US dollar, South African rand drop in franc zone countries
    21 october 2008 14:05:00
    Libreville- Gabon (PANA) -- The US dollar and the South African rand dropped slig htly on the Central African franc zone markets, according to the exchange rate f o r the main foreign currencies against the CFA franc of the Bank of the Central A f rican States (BEAC) issued Tuesday by commercial banks in Gabon. Full text...

  • CFA remains firm against principal currencies in central Africa
    16 october 2008 19:35:00
    Libreville- Gabon (PANA) -- The parity of the principal currencies against F CFA of the zone of central Africa did not record much difference compared to Wednesd a y, according to the rate of exchange published by the trade banks in Gabon Thurs d ay. Full text...

  • US dollar remains stable in Central Africa
    15 october 2008 21:33:00
    Libreville- Gabon (PANA) -- The US dollar was largely stable on Wednesday compare d to F CFA in Central Africa, according to figures provided by banks of Gabon. Full text...

  • South African rand depreciates against F CFA
    13 october 2008 17:17:00
    Libreville- Gabon (PANA) -- The South African rand depreciated against the F CFA Monday, according to the exchange rates of the main currencies of the Central Af r ican Franc Zone (BEAC) as published by commercial banks in Gabon. Full text...

  • Zimbabwe's third higher denomination note in one week
    11 october 2008 10:32:00
    Harare- Zimbabwe (PANA) -- As inflation spirals out of control in Zimbabwe, the c ountry's central bank Saturday introduced the ZW$ 50,000 bank note, the nation's highest currency denomination. Full text...

  • CFA appreciates against US dollar in Central Africa
    10 october 2008 18:42:00
    Libreville- Gabon (PANA) -- The US dollar slightly fell Friday against the F CFA of the zone of the Bank of the Central African States (BEAC), according to the e x change rates of currencies published by the Gabonese trade banks. Full text...

  • Prosecutors want pilots involved in forged Bahrain money jailed
    10 october 2008 18:01:00
    Brussels- Belgium (PANA) -- Prosecutors in Nivelles, Belgium, where the nine pilo ts who flew forged Bahrain 20-dinar notes appeared Thursday, are asking for jail sentences of between one and five years for the suspects. Full text...

  • International exchange rates in Central Africa
    09 october 2008 16:24:00
    Libreville- Gabon (PANA) -- Here are the exchange rates of the major foreign curr encies compared to CFA franc of the zone of the Bank of Central African States, a s published by the trade banks in Gabon Thursday. Full text...

  • US dollar maintains upward trend, South African rand depreciating
    08 october 2008 16:06:00
    Libreville- Gabon (PANA) -- The US dollar has maintained its upward trend against the CFA franc on the main financial markets of the Central African Franc zone, a ccording to data from the Bank of Central African States (BEAC) published here T u esday by commercial banks in Gabon. Full text...

  • US dollar appreciates against Central Africa zone currencies
    30 september 2008 17:25:00
    Libreville- Gabon (PANA) -- The US dollar increased slightly Tuesday, according t o the exchange rate of the main foreign currencies against the FCFA of the zone o f the Bank of Central African States (BEAC), according to commercial banks in Ga b on. Full text...

  • US dollar appreciates against Central Africa zone currencies
    30 september 2008 16:41:00
    Libreville- Gabon (PANA) -- The US dollar increased slightly Tuesday, according t o the exchange rate of the main foreign currencies against the FCFA of the zone o f the Bank of Central African States (BEAC), according to commercial banks in Ga b on. Full text...

  • Zimbabwe unveils new, higher denomination bank notes
    29 september 2008 10:38:00
    Harare- Zimbabwe (PANA) -- As both the economy and inflation spiral out of control in Zimbabwe, the central bank Monday put into circulation new, higher denomination bank notes to ease transactions by the public. Full text...

  • Latest exchange rates in Libya
    18 august 2008 13:21:00
    Tripoli- Libya (PANA) -- The exchange rates of the major currencies against the Libyan dinar remained unchanged this week, according to figures released by the Central Bank of Libya (BCL) on Monday. Full text...

  • LIbya's apex bank issues Saturday's exchange rates
    16 august 2008 12:16:00
    Tripoli- Libya (PANA) -- The Central Bank of Libya (BCL) Saturday issued the exch ange rates for the main foreign currencies against the Libyan dinar. Full text...

  • Nigeria's apex bank to outsource currency distribution
    12 august 2008 10:42:00
    Lagos- Nigeria (PANA) -- The Central Bank of Nigeria (CBN) has concluded plans to outsource its currency processing and distribution function to a private firm as a way of promoting efficiency and effectiveness in currency management, a senior bank official said. Full text...

  • Foreign exchange rate in Mauritius
    06 august 2008 21:12:00
    Port-Louis- Mauritius (PANA) --­ Following are the exchange rates for some foreign currencies against the Mauritius rupee for Wednesday. Full text...

  • EAC moves towards single currency union
    05 august 2008 19:08:00
    Nairobi- Kenya (PANA) -- The East African Community (EAC) is negotiating a protoc ol on custom union for the region to remove tariffs and taxes attracted by goods in the member states within the next five years, a Kenyan government official sa i d here Tuesday. Full text...

  • EAC moves towards single currency union
    05 august 2008 18:58:00
    Nairobi- Kenya (PANA) -- The East African Community (EAC) is negotiating a protoc ol on custom union for the region to remove tariffs and taxes attracted by goods in the member states within the next five years, a Kenyan government official sa i d here Tuesday. Full text...

  • Tuesday's foreign exchange rates in Libya
    05 august 2008 11:05:00
    Tripoli- Libya (PANA) -- Following are the exchange rates for the main foreign currencies against the Libyan dinar as issued by the Central Bank of Libya (BCL) on Tuesday. Full text...

  • Tuesday's foreign exchange rate in Mauritius
    05 august 2008 08:31:00
    Port-Louis- Mauritius (PANA) --­ Following are the exchange rates for the main foreign currencies against the Mauritian rupee, issued here on Tuesday: Currency Buying Selling US dollar 25. Full text...

  • Zimbabwe slashes 10 zeros from currency, to introduce new notes
    30 july 2008 12:32:00
    Harare- Zimbabwe (PANA) -- Zimbabwe's central bank, grappling with inflation of more than 2 million percent, Wednesday slashed off 10 zeros from the national currency to make transacting easier. Full text...

  • Zimbabwe unveils new 100b bank note
    19 july 2008 15:56:00
    Harare- Zimbabwe (PANA) -- As a long running economic crisis in Zimbabwe deepens, the country's central bank Saturday unveiled a Z$100 billion bank note, the highest currency denomination meant to make transactions easier. Full text...

  • Latest exchange rates in Mauritius
    07 july 2008 13:11:00
    Port-Louis- Mauritius (PANA) -- Here is the latest foreign exchange rates to the Mauritian rupee, as offered Monday by commercial banks in the country. Full text...

  • Libyan apex bank issues foreign exchange rate against local dinar
    07 july 2008 09:40:00
    Tripoli- Libya (PANA) -- Here are the exchange rates of the main foreign currenci es against the Libyan dinar as issued by the Central Bank of Libya (BCL). Full text...

  • Sierra Leone hosts West African Monetary Zone meeting
    04 june 2008 23:20:00
    Freetown- Sierra Leone (PANA) -- Sierra Leone will host a four-day conference of the West African Monetary Zone from 16-19 June at the Bintumani Hotel Conference Hall, Aberdeen, west of Freetown, to discuss progress towards the introduction o f a single monetary zone. Full text...

  • Kwacha stable despite high demand for dollar
    27 may 2008 09:24:00
    Lusaka- Zambia (PANA) -- The Zambian currency, kwacha, Monday opened trading at t he level of ZMK3,410 (buying) and ZMK3,450 (selling) per US dollar, in spite of increased demand for the greenback from importers. Full text...

  • Zimbabwe introduces new high denomination notes
    15 may 2008 08:51:00
    Harare- Zimbabwe (PANA) -- As inflation bites deeper in Zimbabwe, the central bank Thursday introduced a new Z$500 million bank note and put into circulation special cheques for farmers for up to Z$50 billion. Full text...

  • The exchange rate of currencies in Libya
    13 may 2008 21:11:00
    Tripoli- Libya (PANA) -- Here are the exchange rates of the main foreign currencies to the Libyan dinar Tuesday: Currency Sale Purchase Average 1 US dollar 1. Full text...

  • Zimbabwe introduces new high denomination notes
    06 may 2008 15:43:00
    Harare- Zimbabwe (PANA) -- As Zimbabwe sinks deeper into an inflation spiral, the central bank Tuesday introduced two new higher denomination notes of Z$100,000,000 and Z$250,000,000 for the convenience of the public. Full text...

  • Zimbabwe introduces new high denomination notes
    06 may 2008 10:12:00
    Harare- Zimbabwe (PANA) -- As Zimbabwe sinks deeper into an inflation spiral, the central bank Tuesday introduced two new higher denomination notes of Z$100,000,000 and Z$250,000,000 for the convenience of the public. Full text...

  • Strengthening of Gambian Dalasi (currency) continues in 2008
    15 march 2008 20:40:00
    Banjul- Gambia (PANA) -- Bamba Saho, Governor of the Central Bank of The Gambia, has said that the strengthening of the Dalasi, the Gambian local currency, conti n ued in the first two months of 2008, appreciating by 2. Full text...

  • ECO goes into circulation Dec. 2009
    06 march 2008 07:38:00
    Accra- Ghana (PANA) -- The common currency for five West African states, the ECO, whose launch has been postponed twice already, will become legal tender at the end of 2009, a senior official of the West African Monetary Institute (WAMI) said on Wednesday. Full text...

  • Ghana phases out old currency
    31 december 2007 18:35:00
    Accra- Ghana (PANA) – Ghana is phasing out its old- currency, which will cease to be legal tender at midnight on Monday. Full text...

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