The Central Bank of Nigeria Removes Caps on Naira Payout Rates The Central Bank of Nigeria (CBN) made an announcement on January 31 that it has…
Turkey Ends Foreign Exchange-Protected Deposit Program Turkey has made another policy u-turn by ending its foreign exchange (FX)-protected deposit program. Treasury and Finance Minister Mehmet Simsek…
High Transactional Costs and Repatriation Concerns The Indian Oil Ministry has admitted that its efforts to pay for oil with rupees have not been successful. The…
Official Rate Matches Unofficial Market Rate The Nigerian currency, the naira, recently hit a record low of 1,248 naira for every US dollar, before recovering to…
Cybersecurity Incident Halts Payment System in Lesotho The Central Bank of Lesotho (CBL) has confirmed that it experienced a cyberattack on December 11, resulting in the…
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