The South African rand remained stable in early trading on Tuesday as investors awaited key domestic economic data. At 6:18 a.m. GMT, the rand was trading at 17.74 to the …
CurrencyDigital EconomyEconomyMarketsMiningSouth Africa
Category:
Currency
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BankingBusiness InsightsCurrencyEconomyMarketsPolicies
Naira Ends Week Mixed Across Official and Parallel Markets Amid Forex Demand Surge
The Nigerian naira ended last week with a mixed performance in the foreign exchange market, as it recorded marginal gains at the official window but slipped in the parallel market. …
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China-Africa RelationsCurrencyEconomyFinanceFinancial InclusionMarkets
Chinese Yuan Weakens to 7.1405 Against US Dollar
The central parity rate of the Chinese currency, the renminbi (yuan), fell slightly on Monday, weakening by 23 pips to 7.1405 against the United States dollar. The China Foreign Exchange …
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AfricaCentral BankingCurrencyEconomyFinanceMining
Africa’s Central Banks Boost Gold Holdings for Stability
Central banks across sub-Saharan Africa are ramping up gold purchases in a bid to protect their economies from global financial instability and rising geopolitical tensions. Ghana is leading this shift, …