http://www.webremixed.info/ Aggregation of tags: currencies Webremixer http://allafrica.com/stories/200901060692.html Chukwuma Soludo, the governor of the Central Bank of Nigeria (CBN), is probably the luckiest Nigerian to manage the bankers' bank in the world's most populous black nation. He became governor at a time when the naira had plunged to N128 to the dollar in the official market while the exchange rate at the parallel market was anything from N140. The naira appreciated to N116.50 to the dollar under Soludo's watch. It could have appreciated higher if the apex bank had removed some of the artificial obstacles on the way of the Nigerian currency as oil prices surged up. Tue, 06 Jan 2009 17:33:45 GMT http://allafrica.com/stories/200901060692.html 2009-01-06T17:33:45Z http://allafrica.com/stories/200901060527.html THE Central Bank (CBN) has further depreciated the Naira as it increased the official exchange rate to N135.62 per dollar. This represents 435 kobo or 3.3 per cent depreciation when compared with closing rate of N131.27 last week. Tue, 06 Jan 2009 11:12:19 GMT http://allafrica.com/stories/200901060527.html 2009-01-06T11:12:19Z http://allafrica.com/stories/200901060080.html THE rand started the year on an upbeat note, but opinion is divided on whether it will reap the rewards of an expected revival in global appetite for risk. Tue, 06 Jan 2009 07:07:52 GMT http://allafrica.com/stories/200901060080.html 2009-01-06T07:07:52Z http://allafrica.com/stories/200901060021.html GOVERNMENT is still considering fee applications submitted by schools and will tomorrow announce its position regarding the charging of the fees in foreign currency. Tue, 06 Jan 2009 06:48:54 GMT http://allafrica.com/stories/200901060021.html 2009-01-06T06:48:54Z http://allafrica.com/stories/200901051113.html Nigerians are deeply religious people and with the economic meltdown hitting hard on the people, there could be no better time to seek divine intervention as the new Finance Minister now calls for prayers to stir the economic ship successfully, Lucky Fiakpa writes Mon, 05 Jan 2009 12:31:02 GMT http://allafrica.com/stories/200901051113.html 2009-01-05T12:31:02Z http://allafrica.com/stories/200901051099.html (WDAS) rose sharply by 26 per cent in 2008 even as the nation's currency Naira suffered 14.6 per cent depreciation on the average across the three segment of the market. Mon, 05 Jan 2009 12:30:54 GMT http://allafrica.com/stories/200901051099.html 2009-01-05T12:30:54Z http://allafrica.com/stories/200901050290.html PUBLIC hospitals have been given the green light to charge for all medical services in foreign currency; a development many hope will improve service delivery. Mon, 05 Jan 2009 09:02:45 GMT http://allafrica.com/stories/200901050290.html 2009-01-05T09:02:45Z http://allafrica.com/stories/200901050126.html FARMERS in Masindi District are growing a medicinal shrub, ocimum (omujaaja). Gerald Tenywa assesses the prospects of this plant and asks why Government is reluctant on it's growing and processing. Mon, 05 Jan 2009 07:09:36 GMT http://allafrica.com/stories/200901050126.html 2009-01-05T07:09:36Z http://allafrica.com/stories/200901020468.html FOR the poor working masses, as usual, there is nothing to cheer at the 2009 budget presented by President Umaru Musa Yar'Adua. Fri, 02 Jan 2009 09:59:52 GMT http://allafrica.com/stories/200901020468.html 2009-01-02T09:59:52Z http://allafrica.com/stories/200901020009.html OFFICIALS of the Central Bank of Nigeria (CBN) may have to review the on-going nationwide campaign against the abuse of the naira because the message appears not to have sunk into the ears of most people, as the usual spraying of the naira occurred unhindered during ceremonies that took place this Yuletide season, especially in the South East. Fri, 02 Jan 2009 05:51:03 GMT http://allafrica.com/stories/200901020009.html 2009-01-02T05:51:03Z http://allafrica.com/stories/200901010017.html THE introduction of the Foreign Exchange Licensed Warehouses and Retail Shops facility authorising businesses to sell goods and services in foreign currency, and the mushrooming of other unlicensed outlets has dealt a near-death blow to the illegal foreign currency market as fewer people are changing their hard currency into Zimbabwe dollars. Thu, 01 Jan 2009 07:34:10 GMT http://allafrica.com/stories/200901010017.html 2009-01-01T07:34:10Z http://allafrica.com/stories/200901010011.html THE Reserve Bank of Zimbabwe has warned of the dangers of using fuel coupons as currency. Thu, 01 Jan 2009 07:22:33 GMT http://allafrica.com/stories/200901010011.html 2009-01-01T07:22:33Z http://allafrica.com/stories/200812310133.html The American dollar exchanged for N150 at the black market in Lagos yesterday following the closure of the foreign exchange market to the banks and Bureaux de Change (BDC) by the Central Bank of Nigeria (CBN) for the Christmas and New Year holidays. Wed, 31 Dec 2008 08:41:43 GMT http://allafrica.com/stories/200812310133.html 2008-12-31T08:41:43Z http://allafrica.com/stories/200812300669.html MOST banks in Bulawayo have run out of smaller denominations, a development that has seen some account holders failing to withdraw money as they are being asked to bring change. Tue, 30 Dec 2008 12:40:37 GMT http://allafrica.com/stories/200812300669.html 2008-12-30T12:40:37Z http://allafrica.com/stories/200812300644.html The year-to-date Ghana cedi depreciation to the dollar now stands at 24.57 per cent, the Gold Coast Securities (GCS)-Cedi Index has shown. Tue, 30 Dec 2008 11:50:46 GMT http://allafrica.com/stories/200812300644.html 2008-12-30T11:50:46Z http://allafrica.com/stories/200812300613.html UNSCRUPULOUS bank account holders who were apparently eking a living through "burning" money were last Friday stranded after they failed to access the quadrillions that had accumulated in their accounts following the Reserve Bank of Zimbabwe's payslip requirement for withdrawal. Tue, 30 Dec 2008 11:40:12 GMT http://allafrica.com/stories/200812300613.html 2008-12-30T11:40:12Z http://allafrica.com/stories/200812290327.html ECONET Wireless subscribers have bemoaned the decision by the cellphone network provider to charge services in foreign currency. Mon, 29 Dec 2008 08:46:14 GMT http://allafrica.com/stories/200812290327.html 2008-12-29T08:46:14Z http://allafrica.com/stories/200812290228.html It may not be an overstatement to observe that possibly over 99% of Nigerians currently hold the view that naira rate has remained stable against the dollar over the last two years or so! So, the 1% or less of Nigerians who may hold a contrary view on the stability of the naira, must be on the far wrong side of the divide, that is, if we accept the Biblical injunction that majority is the voice of God or even the democratic culture of majority carries the vote! Mon, 29 Dec 2008 08:03:14 GMT http://allafrica.com/stories/200812290228.html 2008-12-29T08:03:14Z http://allafrica.com/stories/200812290018.html The Conference of Nigeria Political Parties (CNPP) has challenged the Federal Government to address the falling value of the naira.CNPP threw the challenge in a statement yesterday in Abuja by its National Publicity Secretary, Mr Osita Okechukwu. Mon, 29 Dec 2008 05:50:08 GMT http://allafrica.com/stories/200812290018.html 2008-12-29T05:50:08Z http://allafrica.com/stories/200812260357.html In the last one month, the naira has depreciated in the official market from N116.50 to N134 per dollar. Fri, 26 Dec 2008 11:41:23 GMT http://allafrica.com/stories/200812260357.html 2008-12-26T11:41:23Z http://allafrica.com/stories/200812210010.html Mr. Wilson Attah Krofah, President of the Ghana National Chamber of Commerce and Industry (GNCCI), has urged government to manage the economy to ensure the stability of the cedi. Sun, 21 Dec 2008 16:03:42 GMT http://allafrica.com/stories/200812210010.html 2008-12-21T16:03:42Z http://allafrica.com/stories/200812170745.html Despite the mounting anxiety across the land over the continuous depreciation of the value of the Naira, the economic team of President Umaru Musa Yar'Adua, yesterday for the umpteenth time re-assured Nigerians that there was no cause for panic. Wed, 17 Dec 2008 13:19:24 GMT http://allafrica.com/stories/200812170745.html 2008-12-17T13:19:24Z http://allafrica.com/stories/200812170256.html The recent crash of the Naira against the United States Dollar was a deliberate economic strategy aimed at ensuring stability of the country's economy and of its foreign reserve, Governor of the Central Bank of Nigeria (CBN) Professor Chukwuma Soludo said yesterday. Wed, 17 Dec 2008 09:01:05 GMT http://allafrica.com/stories/200812170256.html 2008-12-17T09:01:05Z http://allafrica.com/stories/200812170198.html THE inter-bank foreign exchange market reopened briefly yesterday after virtually shutting down two weeks ago due to dollar scarcity, even as the naira appreciated by 150 kobo against the dollar at the official market to sell at N134 to the dollar. Wed, 17 Dec 2008 08:28:46 GMT http://allafrica.com/stories/200812170198.html 2008-12-17T08:28:46Z http://allafrica.com/stories/200812170136.html Governor of Central Bank of Nigeria (CBN), Professor Chukwuma Soludo, said yesterday that the depreciation of the naira against the US dollar was a deliberate policy by the apex bank to stabilise the foreign exchange market and the national economy. Wed, 17 Dec 2008 08:12:33 GMT http://allafrica.com/stories/200812170136.html 2008-12-17T08:12:33Z http://allafrica.com/stories/200812170030.html Central Bank of Nigeria (CBN) Governor, Chukwuma Soludo, explained to Senators on Tuesday that the devaluation of the Naira is deliberate and gave an assurance that the economy is robust enough to withstand the fall of the currency. Wed, 17 Dec 2008 07:05:59 GMT http://allafrica.com/stories/200812170030.html 2008-12-17T07:05:59Z http://allafrica.com/stories/200812150961.html The global financial meltdown and the fall in oil prices, coupled with the lack of economic strategy exert pressure on the national currency, resulting in depreciation against foreign currencies, Dr Obadiah Mailafia. The Chairman/Chief Executive Officer of the Centre for Policy and Economic Research in Abuja. He spoke with Sunday Trust in Abuja Mon, 15 Dec 2008 12:01:49 GMT http://allafrica.com/stories/200812150961.html 2008-12-15T12:01:49Z http://allafrica.com/stories/200812150502.html IN a desperate bid to end a two-month strike that has severely crippled the country's health delivery system, the government is proposing to pay doctors and nurses in foreign currency, it emerged last week. Mon, 15 Dec 2008 09:58:29 GMT http://allafrica.com/stories/200812150502.html 2008-12-15T09:58:29Z http://allafrica.com/stories/200812150258.html INDUSTRIALISTS have called for the complete dollarisation of the economy as a quick way to contain ever-escalating prices of goods and services. Mon, 15 Dec 2008 08:56:57 GMT http://allafrica.com/stories/200812150258.html 2008-12-15T08:56:57Z http://allafrica.com/stories/200812150228.html The naira depreciation which started a fortnight ago has sent cold shivers down the spines of manufacturers and are pleadingwith the monetary authorities to do something to firm the downwards movement of the currency to save their businesses, Lucky Fiakpa writes; Mon, 15 Dec 2008 08:27:21 GMT http://allafrica.com/stories/200812150228.html 2008-12-15T08:27:21Z http://allafrica.com/stories/200812150213.html THE Naira which has been stable for some times now has returned to the days of foreign exchange uncertainty as it continued its round of depreciation occassioned by the CBN whose primary function, among others, is exchange rate stability. Mon, 15 Dec 2008 08:26:58 GMT http://allafrica.com/stories/200812150213.html 2008-12-15T08:26:58Z http://allafrica.com/stories/200812150077.html The appearance of the Minister of Finance, Dr. Shamsudeen Usman; Special Adviser to the President on Economic Matters, Dr. Taminu Yakubu; and Central Bank Governor, Professor Chukwuma Soludo before the Senate tomorrow typifies the growing concern over the fall of the Naira. The Senate had last Thursday invited them to come and explain the continuous fall of the naira against other international currencies. Mon, 15 Dec 2008 06:47:08 GMT http://allafrica.com/stories/200812150077.html 2008-12-15T06:47:08Z http://allafrica.com/stories/200812120834.html The Central Bank on Friday announced it would introduce a new Z$500 million dollar note made of '100 percent cotton,' as the country battles world record inflation. Fri, 12 Dec 2008 19:45:08 GMT http://allafrica.com/stories/200812120834.html 2008-12-12T19:45:08Z http://allafrica.com/stories/200812120782.html WHEN the history of this period is written there may be one unsung hero who deserves acknowledgement. That is the US dollar. Fri, 12 Dec 2008 17:58:27 GMT http://allafrica.com/stories/200812120782.html 2008-12-12T17:58:27Z http://allafrica.com/stories/200812120697.html Fluctuations in the US dollar during 2008 have had devastating results for people in rural parts of the Horn of Africa as the value of remittances fell at the same time as the cost of living went up, according to the International Federation of Red Cross and Red Crescent Societies (IFRC). Fri, 12 Dec 2008 16:11:43 GMT http://allafrica.com/stories/200812120697.html 2008-12-12T16:11:43Z http://allafrica.com/stories/200812120631.html The value of Naira further depreciated yesterday as the United States Dollar was traded for N130 at the foreign exchange market, Daily Trust learnt. It was exchanged for N125 last week. Fri, 12 Dec 2008 13:35:14 GMT http://allafrica.com/stories/200812120631.html 2008-12-12T13:35:14Z http://allafrica.com/stories/200812120348.html The Senate yesterday summoned President Umaru Yar'adua's economic team to explain the current crash in the exchange rate of naira against major foreign currencies. Fri, 12 Dec 2008 09:41:45 GMT http://allafrica.com/stories/200812120348.html 2008-12-12T09:41:45Z http://allafrica.com/stories/200812120045.html THE Government yesterday indicated its intention to introduce a new $500 million note, ahead of the increase in the maximum cash withdrawal limit to $500 million a week with effect from today. Fri, 12 Dec 2008 07:06:27 GMT http://allafrica.com/stories/200812120045.html 2008-12-12T07:06:27Z http://allafrica.com/stories/200812120041.html MINERAL production for 2008 has declined significantly due to shortages of foreign currency and policy uncertainties in the prevailing economic environment. Fri, 12 Dec 2008 07:06:24 GMT http://allafrica.com/stories/200812120041.html 2008-12-12T07:06:24Z http://allafrica.com/stories/200812110499.html THE Naira, yesterday, further depreciated against the dollar and other major currencies at the bi-weekly Dutch auction as one dollar was sold to banks at N132.50. Thu, 11 Dec 2008 11:18:16 GMT http://allafrica.com/stories/200812110499.html 2008-12-11T11:18:16Z http://allafrica.com/stories/200812100171.html THE introduction of $50 million and $100 million notes last week has created problems for consumers who are now being forced to buy smaller denomination notes or made to pay more when paying for goods and services because change has become scarce. Wed, 10 Dec 2008 08:22:29 GMT http://allafrica.com/stories/200812100171.html 2008-12-10T08:22:29Z http://allafrica.com/stories/200812081387.html PRICES of basic goods and services more than quadrupled within hours after banks increased cash withdrawal limits last week, further piling pressure on already hard-pressed Zimbabweans. Mon, 08 Dec 2008 21:22:10 GMT http://allafrica.com/stories/200812081387.html 2008-12-08T21:22:10Z http://allafrica.com/stories/200812081381.html Days after Zimbabwe's soldiers caused havoc in Harare last week over not being able to access their money from the city's banks, the government on Friday forked out millions of dollars to pacify its armed forces - partly causing a spectacular crash of the local currency over the weekend. Mon, 08 Dec 2008 20:46:04 GMT http://allafrica.com/stories/200812081381.html 2008-12-08T20:46:04Z http://allafrica.com/stories/200812081311.html The volume of transactions conducted by the bureau de change system in Tanzania rose modestly to US$91.2 million. Mon, 08 Dec 2008 17:47:12 GMT http://allafrica.com/stories/200812081311.html 2008-12-08T17:47:12Z http://allafrica.com/stories/200812080769.html THE progressive review of cash withdrawal limits effected by the Reserve Bank this week in the wake of the cordial meeting held with the ZCTU leadership should teach us all the merits of dialogue over confrontation. Mon, 08 Dec 2008 13:48:22 GMT http://allafrica.com/stories/200812080769.html 2008-12-08T13:48:22Z http://allafrica.com/stories/200812080768.html THE Reserve Bank of Zimbabwe will soon introduce a $200 million note in a move expected to bring convenience to the transacting public. Mon, 08 Dec 2008 13:48:21 GMT http://allafrica.com/stories/200812080768.html 2008-12-08T13:48:21Z