Tag: currency
IMF warns Russia sanctions threaten to chip away at dollar dominance – FT
(Reuters) - Financial sanctions imposed on Russia threaten to gradually dilute the dominance of the U.S. dollar and could result in a more fragmented...
Yuan Deposits Replace Dollar and Euro in Russian Banks
With Russia now officially cut off from both the US dollar and the euro, the state-owned VTB Bank has offered its clientele the opportunity...
Russia says nearly half its reserves are frozen, counts on ties with China
Russia said on Sunday that it was counting on China to help it withstand the blow to its economy from Western sanctions, which it...
Currency outside banks hits all-time high of N2.9 trillion
By Geoff Iyatse
Currency outside banks (COB) reached an all-time high ((ATH) of N2.95 trillion in December, money and credit data released by the Central...
How does Naira abuse affect our exchange rate?
By Adolphus Aletor These are interesting times, no doubt! Both the citizens and the government are not having it easy. While both continue to blame...
Sierra Leone to cut three zeros from currency
Sierra Leone will lop three zeros from its currency and print smaller bills that fit into a regular wallet ,as the nation battles runaway...