Nov-1-2022
Nigeria – Black market dollar rate reach 200% of official rate.
At an average of 880 naira per USD the black market rate of the American dollar has surpassed the 200%...
Forex
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Oct-29-2022
Nigeria – Finance Ministry not informed in advance of currency replacement.
Zainab Ahmed, Minister for Finance, declared yesterday that the Central Bank of Nigeria did not consult her ministry before taking...
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Oct-28-2022
Afghanistan – Problems with the supply of fresh banknotes.
Los Angeles Times has published recently an article by Nabih Bulos, its Kabul correspondent, that explains in detail the sorry...
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Oct-28-2022
Nigeria – New banknotes and the value of naira.
The replacement of the old banknotes recently announced, and the short period given for their replacement, are affecting the value...
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Dec-5-2019
Cuba – Which foreign currencies are accepted in Cuba?
Banco Central de Cuba considers the following as “freely convertible currencies” or MLC (monedas libremente convertibles: Canadian dollars ...
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Jan-29-2019
Venezuela – Parallel exchange market approved.
A privately owned foreign exchange market was approved yesterday. It is called Interbanex, owned by Spanish investors, and it started...