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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China-Africa RelationsCurrencyEconomyFinanceFinancial InclusionMarkets
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Banking, Finance & InvestmentEgyptNorth AfricaTrade and Commerce
Egypt’s Foreign Assets Rise by $1.5 Billion in One Month – Central Bank Confirms
The Central Bank of Egypt (CBE) has announced that the country’s net foreign assets recorded a sharp increase of over US$1.5 billion in February 2025. This pushed the total to …
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesMorocco
Moroccan Dirham edges by 1.6% Against Dollar and Drops 1% Against Euro
The Moroccan dirham appreciated by 1.62% against the US dollar and depreciated by 1.04% against the euro between 20 to 26 October, according to data from the country’s central bank, …
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AfricaBusiness and EconomyNewsNigeriaWestern Africa
Naira hits 620/$ at parallel market as FX demand surges
The naira fell to N620 per dollar yesterday at the parallel market amid the lingering scarcity of the greenback. The figure represents a depreciation of N5 or 0.8 percent from …
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The euro has hit parity with the United States dollar and stock markets fell as the prospect of further central bank tightening and worries about the health of economies worldwide …
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Friday, 10th June 2022: The exchange rate between the naira and the US dollar closed at N421.25/$1 at the Investors and Exporters (I&E) window. Naira recorded a marginal gain against the …
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Naira hit a four month low on Thursday, depreciating 0.30 per cent against the U.S. dollar at the official market. The currency which opened trading at N416.50 closed at N420.00 to …