Zimbabwe Injects $50 Million to Bolster Devalued Currency

    Zimbabwe Injects $50 Million to Bolster Devalued Currency

    The Reserve Bank of Zimbabwe (RBZ) has injected an additional $50 million into the market to support the foreign exchange system. However, industry leaders believe the bank is not doing enough to facilitate the smooth operation of the market. They argue that the...
    Nigeria Introduces System to Boost Forex Market Transparency

    Nigeria Introduces System to Boost Forex Market Transparency

    The Central Bank of Nigeria (CBN) is launching a new electronic system (EFEMS) to improve transparency in the foreign exchange market. This comes as the Nigerian currency weakens. Authorized dealers must comply with existing regulations and complete necessary...
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