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3232Ethiopia Orders Banks to Reject Requests for Foreign Exchange to Buy ‘Non-Priority Products’
https://www.digit.info/ethiopia-orders-banks-to-reject-requests-for-foreign-exchange-to-buy-non-priority-products/
Wed, 19 Oct 2022 07:00:48 +0000https://www.digit.info/2022/10/19/ethiopia-orders-banks-to-reject-requests-for-foreign-exchange-to-buy-non-priority-products/Read more]]>The Ethiopian government has instructed banks to reject requests for foreign currency to buy so-called non-priority products. The Ethiopian Minister of Industry Melaku Alebel Addis has defended the move, saying this will allow local manufacturers to grow and become competitive. The restrictions are set to remain in force for an indefinite period. Eliminating Pressure From […]
]]>Nigerian Central Bank Hikes Key Interest Rate Just Days After Naira Plunges to New Low
https://www.digit.info/nigerian-central-bank-hikes-key-interest-rate-just-days-after-naira-plunges-to-new-low/
Wed, 28 Sep 2022 20:30:05 +0000https://www.digit.info/2022/09/28/nigerian-central-bank-hikes-key-interest-rate-just-days-after-naira-plunges-to-new-low/Read more]]>Following the latest meeting of the monetary policy committee, the Central Bank of Nigeria says it has hiked the monetary policy rate to 15.5%. By increasing the key interest rate by 150 basis points, the central bank hopes to “narrow the negative real interest rate gap and rein in inflation.” The rate increase came just […]
]]>Report: Lebanese Pound Exchange Rate Against Dollar Plunges to All-Time Low
https://www.digit.info/report-lebanese-pound-exchange-rate-against-dollar-plunges-to-all-time-low/
Tue, 31 May 2022 05:30:08 +0000https://www.digit.info/2022/05/31/report-lebanese-pound-exchange-rate-against-dollar-plunges-to-all-time-low/Read more]]>After relative calm for a few months, the Lebanese pound has plunged to an all-time low of 35,600 per dollar, a report has said. The currency’s latest slide is expected to worsen Lebanon’s economic challenges. Pound Depreciation In a sign that Lebanon’s ongoing economic crisis is worsening, the black market exchange rate of the Lebanese […]
The Ethiopian government has instructed banks to reject requests for foreign currency to buy so-called non-priority products. The Ethiopian Minister of Industry Melaku Alebel Addis has defended the move, saying this will allow local manufacturers to grow and become competitive. The restrictions are set to remain in force for an indefinite period. Eliminating Pressure From […]
Following the latest meeting of the monetary policy committee, the Central Bank of Nigeria says it has hiked the monetary policy rate to 15.5%. By increasing the key interest rate by 150 basis points, the central bank hopes to “narrow the negative real interest rate gap and rein in inflation.” The rate increase came just […]
After relative calm for a few months, the Lebanese pound has plunged to an all-time low of 35,600 per dollar, a report has said. The currency’s latest slide is expected to worsen Lebanon’s economic challenges. Pound Depreciation In a sign that Lebanon’s ongoing economic crisis is worsening, the black market exchange rate of the Lebanese […]