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3232Central Bank of Sudan Warns of Risks Associated With Cryptocurrency
https://www.digit.info/central-bank-of-sudan-warns-of-risks-associated-with-cryptocurrency/
Wed, 30 Mar 2022 07:30:02 +0000https://www.digit.info/2022/03/30/central-bank-of-sudan-warns-of-risks-associated-with-cryptocurrency/Read more]]>The central bank in crisis-stricken Sudan has warned residents dealing with cryptocurrencies that they face numerous risks including loss of value. The warning comes as Sudan is grappling with an economic crisis that worsened after the civilian government was deposed by the military. Sudan’s Worsening Economic Crisis As Sudan’s currency continues to plummet, the country’s […]
]]>Report: Lebanon Planning to Devalue Currency by 93%, Depositors to Lose $38 Billion
https://www.digit.info/report-lebanon-planning-to-devalue-currency-by-93-depositors-to-lose-38-billion/
Wed, 09 Feb 2022 19:00:49 +0000https://www.digit.info/2022/02/09/report-lebanon-planning-to-devalue-currency-by-93-depositors-to-lose-38-billion/Read more]]>The Lebanese government is reportedly planning to devalue the local currency by up to 93% in a desperate bid to receive funding from the International Monetary Fund (IMF). As part of the plan, a major portion of foreign currency deposits in the banking system will be converted into local currency at different exchange rates. Bailout […]
]]>Zimbabwean Dollar Could Collapse, Business Lobby Warns
https://www.digit.info/zimbabwean-dollar-could-collapse-business-lobby-warns/
Thu, 14 Oct 2021 13:30:06 +0000https://www.digit.info/2021/10/14/zimbabwean-dollar-could-collapse-business-lobby-warns/Read more]]>A Zimbabwean business lobby group, the Confederation of Zimbabwe Industries (CZI), has warned that the country’s currency could collapse if authorities fail to “implement policy measures that are needed to support it.” Central Bank Approach Unsettling the Market In a letter seen by Bitcoin.com News, the lobby group’s president Kurai Matsheza explained that the heavy-handed […]
]]>Nigerian Lawmakers Slam Naira Devaluation, Warn of Inflation Implications
https://www.digit.info/nigerian-lawmakers-slam-naira-devaluation-warn-of-inflation-implications/
Thu, 10 Jun 2021 22:00:18 +0000https://www.digit.info/2021/06/10/nigerian-lawmakers-slam-naira-devaluation-warn-of-inflation-implications/Read more]]>Nigeria’s House of Representatives has moved a motion calling on the country’s central bank to end the continuing devaluation of the naira. In his unanimously adopted motion, House Representative Bamidele Salam warned the Central Bank of Nigeria (CBN) of the negative “implications of further devaluing the naira.” Lawmakers Slam CBN U-Turn The House’s warning follows […]
The central bank in crisis-stricken Sudan has warned residents dealing with cryptocurrencies that they face numerous risks including loss of value. The warning comes as Sudan is grappling with an economic crisis that worsened after the civilian government was deposed by the military. Sudan’s Worsening Economic Crisis As Sudan’s currency continues to plummet, the country’s […]
The Lebanese government is reportedly planning to devalue the local currency by up to 93% in a desperate bid to receive funding from the International Monetary Fund (IMF). As part of the plan, a major portion of foreign currency deposits in the banking system will be converted into local currency at different exchange rates. Bailout […]
A Zimbabwean business lobby group, the Confederation of Zimbabwe Industries (CZI), has warned that the country’s currency could collapse if authorities fail to “implement policy measures that are needed to support it.” Central Bank Approach Unsettling the Market In a letter seen by Bitcoin.com News, the lobby group’s president Kurai Matsheza explained that the heavy-handed […]
Nigeria’s House of Representatives has moved a motion calling on the country’s central bank to end the continuing devaluation of the naira. In his unanimously adopted motion, House Representative Bamidele Salam warned the Central Bank of Nigeria (CBN) of the negative “implications of further devaluing the naira.” Lawmakers Slam CBN U-Turn The House’s warning follows […]