Economy - Currency
  • 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...

  • Kenya's apex bank moves to secure exporters' earnings
    15 december 2007 13:45:00
    Nairobi- Kenya (PANA) -- The Central Bank of Kenya (CBK) Friday indicated that it might act to weaken the strengthening Shilling, which has been on a rebound aga i nst the US dollar in a bid to save millions of tea and coffee exporters from hug e losses. Full text...

  • Nigeria, four others to use common national currency
    10 december 2007 18:20:00
    Abuja- Nigeria (PANA) -- The currencies of Nigeria and four other West African co untries will freely circulate within their respective territories pending the in t roduction of a sub-region-wide single currency in 2009. Full text...

  • ECOWAS commissions study on takeoff of single currency
    11 october 2007 07:36:00
    Lagos- Nigeria (PANA) -- An extraordinary meeting of regional Ministers of Finance and Governors of Central Banks of ECOWAS Member States has agreed to commission a study that will help it propose the most feasible option and timetable for introducing a single currency for West Africa, an ECOWAS statement said. Full text...

  • Govt sees no merit to re-denominate Nigerian naira
    26 august 2007 10:09:00
    Lagos- Nigeria (PANA) -- Despite an attempt by the Central Bank of Nigeria (CBN) to justify its ill-fated plan to re-denominate the local currency, the Naira, the Nigerian presidency has insisted the move lacks merit and did not follow due process. Full text...

  • Nigerian govt cancels apex bank's currency re-denomination plan
    24 august 2007 13:18:00
    Abuja- Nigeria (PANA) – In a big blow to the leade-rship of the Central Bank of Nigeria (CBN), the federal government Friday cancelled the much-vaunted plan by the bank to re-denominate the local currency, the Naira. Full text...

  • World Bank, IMF to meet Nigerian officials on currency re-denomination
    22 august 2007 08:17:00
    Lagos- Nigeria (PANA) -- Officials of the World Bank and International Monetary Fund (IMF) were due in Nigeria Wednesday to, among others, meet with officials of the Central Bank of Nigeria (CBN) on the country's plan to re-denominate its currency, the Naira, the local press reported. Full text...

  • Apex bank in DRC puts change coins into circulation
    16 july 2007 20:02:00
    Kinshasa- DR Congo (PANA) -- Governor Jean-Claude Masangu Mulongo of the central bank in DR Congo (BCC) on Monday announced that new coins of 25, 50 and 100 Congolese francs (FC) will go into circulation to ease the constraints of difficult transaction in change coins, UN radio Okapi reported here. Full text...

  • Malian Minister urges quick action on ECOWAS single currency
    03 may 2007 20:50:00
    Bamako- Mali (PANA) -- Malian Economy and Finance Minister, Aboubacar Traoré has called on stakeholders to fast-tract the ECOWAS monetary union. Full text...

  • Wade dispels fears of Franc CFA depreciation
    03 may 2007 09:02:00
    Bissau- Guinea Bissau (PANA) -- Senegalese President Abdoulaye Wade, speaking during the inauguration ceremony of the Central Bank for the West African States (BCEAO) Agency in the Guinean-Bissau capital last Tuesday said there was no risk for the franc CFA to be devaluated. Full text...

  • Gambia meets convergence criteria for WAMI
    23 april 2007 16:08:00
    Banjul- Gambia (PANA) -- Gambia has satisfied "all four primary convergence criteria" for the first time since the start of the convergence process agreed upon by WAMI (West African Monetary Institute) as a basic requirements for common currency regime, the Finance and Economic Affairs Department in Banjul disclosed Monday. Full text...

  • Congolese franc in 10% depreciation against US dollar
    16 march 2007 20:52:00
    Kinshasa- DR Congo (PANA) -- The Congolese franc (CF) depreciated by 10 percent to the US dollar during the period from January to February 2007, Cyrille Briancon, head of Africa division at the International Monetary Fund (IMF) said Friday at the end of his mission at the DR Congo's Central Bank (BCC). Full text...

  • Zimbabwe central bank introduces new bearer cheques
    01 march 2007 16:38:00
    Harare- Zimbabwe (PANA) -- The central bank in Zimbabwe Thursday added two sets of new bearer cheques into circulation, as galloping inflation renders smaller denominations worthless. Full text...

  • New currency notes, coins enter into circulation in Nigeria
    28 february 2007 08:32:00
    Lagos- Nigeria (PANA) -- Some re-designed Nigerian currency notes and coins were billed to enter into circulation Wednesday (today), under a currency reform undertaken by the Central Bank of Nigeria (CBN). Full text...

  • Nigerian Central Bank to encourage use of coins
    06 december 2006 10:58:00
    Ibadan- Nigeria (PANA) -- The Central Bank of Nigeria (CBN) is to introduce re-designed, consumer-friendly coins to encourage the use of coins in business transactions in the country, an official of the bank has said. Full text...

  • Ghana Central Bank to re-dominate the cedi
    26 november 2006 19:52:00
    Accra- Ghana (PANA) – The Ghanaian Central Bank said it would re--denominate the local currency, the cedi by mid-2007, to help reduce the huge sums of physical cash used for transactions. Full text...

  • New value for Congolese franc soon
    08 november 2006 10:02:00
    Kinshasa- DR Congo (PANA) -- A new value of DR Congo's currency, the Congolese franc, will be effective mid-November, Finance Minister Marco Banguli said Tuesday in Kinshasa. Full text...

  • Five WAMZ members speed up unitary currency project
    09 october 2006 21:46:00
    Accra- Ghana (PANA) -- In one of the biggest economic dreams for West Africa, the Accra-based West Africa Monetary Institute (WAMI), is hoping that local currencies could be used in member countries freely in the near future. Full text...

  • Weak local currency worries Tanzania private sector
    21 september 2006 13:36:00
    Dar es Salaam- Tanzania (PANA) -- Tanzanian business community announced here Thursday it has launched a probe into the cause of the rapidly depreciating local currency, the shilling, which hit an all time low of 1,350 to the US dollar this week. Full text...

  • Algerian gendarmerie seize 51 million fake dinars
    14 september 2006 11:50:00
    Algiers- Algeria (PANA) -- The Algerian military police have seized more 51 million forged bills of the local currency the dinar, at Oran, east of the country, police sources said here Thursday. Full text...

  • Nigeria achieves foreign exchange convergence - CBN
    28 august 2006 17:30:00
    Kaduna- Nigeria (PANA) -- The Central Bank of Nigeria (CBN) said Monday it had achieved full convergence of exchange rates in all segments of the country's foreign exchange market. Full text...

  • SA opposition wants caution over SADC single currency
    22 august 2006 20:55:00
    Johannesburg- South Africa (PANA) – South Africa's- main opposition the Democratic Alliance (DA) has slammed the commitment by the Southern African Development Community (SADC) to establish a common currency within a decade, doubting the monetary union will automatically end the many political problems still facing southern Africa. Full text...

  • Zimbabweans throng banks to change currency
    21 august 2006 14:00:00
    Harare- Zimbabwe (PANA) -- Zimbabweans swarmed banks across the country Monday, the last day to change old bank notes for new ones as directed by government. Full text...

  • Guinean govt warns against invoicing of goods in foreign currency
    07 august 2006 22:58:00
    Conakry- Guinea (PANA) -- The Guinean Trade Ministry has warned companies doing business with the government against invoicing their goods and services in foreign currency. Full text...

  • Zimbabwe slashes three zeroes off currency
    01 august 2006 10:40:00
    Harare- Zimbabwe (PANA) -- In a major currency reform, Zimbabwe Tuesday effected the dropping of three zeroes off its currency, which inflation of more than 1 100 percent had pushed. Full text...

  • New WAMI chief visits Conakry
    21 july 2006 13:29:00
    Conakry- Guinea (PANA) -- A West African Monetary Institute (WAMI) delegation led by its new Director General, Oko Joseph Nana, has held talks here with the Guinean Senior Minister in charge of Presidential Affairs, El Hadj Fodé Bangoura, the State Radio has reported. Full text...

  • Gambia Central Bank to introduce new banknotes
    20 july 2006 08:27:00
    Banjul- Gambia (PANA) – The Central Bank of the Ga-mbia said it would introduce new banknotes to go into circulation from 27 July. Full text...

  • Major currency reform takes effect in Mozambique
    01 july 2006 15:00:00
    Maputo- Mozambique (PANA) -- Mozambique's currency reform, whereby three digits are knocked off the national currency, the metical, took effect on Saturday, and the new notes and coins are now beginning to circulate across the country. Full text...

  • Samora Machel returns to Mozambican banknotes
    19 june 2006 20:46:00
    Maputo- Mozambique (PANA) -- The Bank of Mozambique has decided to put the face of the man who led the country to independence and was its first President, Samora Machel, on the new banknotes that will come into circulation on 1 July. Full text...

  • Zimbabwe introduces new, higher currency denomination
    31 may 2006 15:57:00
    Harare- Zimbabwe (PANA) -- Four months after introducing ZWD50,000 note into circulation, the central bank of Zimbabwe Wednesday introduced a ZWD100,000 note, clearly depicting further economic meltdown in the country. Full text...

  • Currency reform key to Mozambique's apex bank in 2006
    18 may 2006 22:23:00
    Maputo- Mozambique (PANA) -- The central Bank of Mozambique has said t its main challenge for 2006 is to implement the currency reform approved by parliament in November, which will see the Mozambican currency, the metical, lose three digits. Full text...

  • Mozambican MPs reopen debate on currency reform
    04 april 2006 21:53:00
    Maputo- Mozambique (PANA) -- The Mozambican parliament, the Assembly of the Republic, on Tuesday reopened the debate on a proposed currency reform, following an appeal by deputies of the former rebel movement Renamo to the Constitutional Council, asking to have the reform annulled as unconstitutional. Full text...

  • Central Africa introduces new coins 29 March
    25 march 2006 13:19:00
    Yaoundé- Cameroon (PANA) -- The Bank of Central African States (BEAC) will 29 March put into circulation a new family of coins in eight denominations, the bank said in a statement issued here. Full text...

  • Togo passes bill against money laundering
    09 march 2006 23:11:00
    Lome- Togo (PANA) -- The Togolese government has passed a bill criminalising money laundering in the country, official sources affirmed here Thursday. Full text...

  • Zambian kwacha remains bullish
    17 february 2006 19:50:00
    Lusaka- Zambia (PANA) -- The Zambian kwacha, still maintaining its strong position against the US dollar, Thursday traded between 3,300 and 3,250 units to the greenback, while most players opted to trade on a matching basis. Full text...

  • Mozambique to begin publicising new currency Sunday
    28 december 2005 19:29:00
    Maputo- Mozambique (PANA) -- As the "new family" of the Mozambican currency, the metical, will go into circulation 1 July 2006, price indications in the old and new meticals will begin on 1 January, the governor of the Bank of Mozambique, Adriano Maleiane, announced here Wednesday. Full text...

  • British firm wins new deal to print Kenya's currency
    19 december 2005 18:57:00
    Nairobi- Kenya (PANA) -- A British currency printing firm whose contract was suspended after claiming ownership of the Kenyan banknotes Monday won a shortened contract to print 1. Full text...

  • Ghana Central Bank maintains prime rate at 15.5%
    28 november 2005 23:31:00
    Accra- Ghana (PANA) -- The Monetary Policy Committee (MPC) of the Ghana Central Bank on Monday decided to maintain the prime rate at 15. Full text...

  • Mozambican parliament passes bill to simplify currency
    16 november 2005 21:22:00
    Maputo- Mozambique (PANA) -- The Mozambican parliament on Wednesday passed the first reading of a government bill designed to make the country's currency, the metical, more manageable, by lopping off the last three digits. Full text...

  • Central bank confiscates counterfeit notes in Mauritania
    15 november 2005 12:57:00
    Nouakchott- Mauritania (PANA) -- The Mauritania Central Bank (BCM) has confiscated 203 counterfeit banknotes, BCM Communication Director Mohamed Ould Ahmed Lemrabott has said here. Full text...

  • Police break up forex trafficking in Bujumbura
    02 november 2005 14:45:00
    Bujumbura- Burundi (PANA) -- Burundian police early Wednesday raided the so-called "Preferential Trade Area (PTA)" in central Bujumbura and arrested a dozen alleged foreign currency traffickers. Full text...

  • Mozambique apex bank denies forced conversion of FX accounts
    01 november 2005 21:06:00
    Maputo- Mozambique (PANA) -- The Bank of Mozambique, the country's central bank, has allayed fears that accounts held in commercial banks in foreign currency would to be forcibly converted into the local currency, meticais. Full text...

  • Zimbabwe central bank liberalises exchange rates
    20 october 2005 17:02:00
    Harare- Zimbabwe (Pana) -- Zimbabwe's central bank governor Gideon Gono Thursday announced an immediate liberalisation of exchange rates, and abolished an official currency auction system introduced last year. Full text...

  • Stonger Kenyan currency hurts exporters
    12 october 2005 13:04:00
    Nairobi- Kenya (PANA) -- The Kenyan shilling is rapidly gaining in strength due to the country's strong balance of payment position and rising trade with other countries, economists said here. Full text...

  • Gabon to host Franc zone finance ministers in April
    21 september 2005 21:52:00
    Paris- France (PANA) -- Finance ministers from the 15 Franc Zone African countries and France will meet in Libreville, Gabon in April 2006, it was officially revealed here Wednesday. Full text...

  • France rules out devaluation of CFA franc
    21 september 2005 21:19:00
    Paris- France (PANA) -- French Economy, Finance and Industry minister Thierry Breton has ruled out any possibility of a devaluation of the CFA franc. Full text...

  • Kenyan forex reserves at $1.6bn as economy grows
    09 september 2005 16:26:00
    Nairobi- Kenya (PANA) -- Boosted by a robust economy and increased cash inflows from tourism, Kenya's foreign currency reserves have so far reached US$1. Full text...

  • Kenyan govt ends currency-printing firm contract
    25 august 2005 14:52:00
    Nairobi- Kenya (PANA) -- The Central Bank of Kenya (CBK) will begin the search for a new currency- printing firm to replace its current bank notes printed by British printers Thomas De La Rue, Governor Andrew Mullei said here. Full text...

  • Nigeria to issue highest currency denomination
    12 august 2005 12:52:00
    Lagos- Nigeria (PANA) -- The much-awaited 1,000-naira banknote, which will be Nigeria 's highest currency denomination, will be issued in October, press reports said on Friday. Full text...

  • Forged banknotes flood Mauritanian markets
    22 july 2005 14:43:00
    Nouakchott- Mauritania (PANA) -- Counterfeit 1,000 and 2,000 ouguiya bills are currently found in many cash deposits in Mauritania, according to Mohamed Ould Ahmed Ould Sidina, who is in charge of general cash control at the Central Bank of Mauritania (BCM). Full text...

parcours parcours [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] parcours parcours


xhtml CSS