Liberia: Senate Abruptly Cancels CBL Hearings

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Liberia: Senate Abruptly Cancels CBL Hearings

[New Dawn] The hearing process for the board of governors and the executive governor of the Central Bank of Liberia or CBL, Mr. Aloysius Tarlue, was abruptly canceled on Monday, July 5, 2021, after senators, members of the public, the media, and other officials of the Central had converged on the grounds of the Capitol Building for the hearing that is before the Senate's Committee on Banking and Currency.

Source: allAfrica.com

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Exporters in swap deals to evade high forex retention thresholds - The Zimbabwe Independent

BY MELODY CHIKONO THE central bank is facing a gigantic task in curbing illicit financial flows with exporters having devised complex ways of evading high retention thresholds as swap deals top the list of their illegal dealings, the Zimbabwe Independent has learnt. Last year, the Reserve Bank of

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Source: The Zimbabwe Independent - The Leading Business Weekly

Exporters in swap deals to evade high forex retention thresholds - The Zimbabwe Independent

BY MELODY CHIKONO THE central bank is facing a gigantic task in curbing illicit financial flows with exporters having devised complex ways of evading high retention thresholds as swap deals top the list of their illegal dealings, the Zimbabwe Independent has learnt. Last year, the Reserve Bank of

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Source: The Zimbabwe Independent - The Leading Business Weekly

Rwanda: Central Bank Explains Franc Depreciation

[New Times] Recent months have seen the market value of the Rwandan Franc against the dollar depreciate fast with the rates in a majority of forex bureaus nearing Rwf1000 for Dollar.

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Source: allAfrica.com

CBK forex reserves drop by Sh51bn

Latest CBK data shows the reserves fell from $ 9.336 billion (Sh1.01 trillion) at the beginning of last month to $ 8.865 billion (Sh960.08 billion) by September 3.

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Source: Business Daily

Uganda: Two Seek Speedy Probe On Bou-Seized Land Titles

[Monitor] Two petitioners have asked government agencies to speed up investigations into a complaint in which Bank of Uganda (BoU) officials are accused of concealing land titles belonging to former clients of closed commercial banks.

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Source: allAfrica.com

Underfire auction injects US$1,7 billion - NewsDay Zimbabwe

THE Reserve Bank of Zimbabwe (RBZ)’s forex auction system, which is saddled with a backlog of up to 13 weeks, has raised US$1,72 billion for companies, boosting their capacity to import raw materials and serve the domestic market, according to a statement by the central

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Source: NewsDay Zimbabwe - Everyday News for Everyday People

Forex reserves inch closer to Sh1trn mark

Forex reserves inch closer to Sh1trn mark on new loans

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Source: Business Daily

KISERO: Crack down harder on money laundering

A high incidence in money laundering activity makes it difficult for monetary authorities to track currency

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Source: Business Daily

South Africa Contemplates Its Own Digital Currency

[Daily Maverick] Digital currencies are not widespread -- more than 85% of central banks are investigating digital versions of their currencies, including South Africa.

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Source: allAfrica.com

Ex-BOJ governor backs timeout for bank hires

Former Bank of Jamaica (BOJ) Governor Derick Latibeaudiere has supported a proposal from Jamaica’s anti-corruption watchdog for senior central bank personnel who are involved in regulations, examinations, or inspections to be restricted from...

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Source: Jamaica Gleaner

Zimbabwe: RBZ Dumps Gono's Failed Jatropha Project

[New Zimbabwe] THE Reserve Bank of Zimbabwe (RBZ) has finally given up on former Governor Gideon Gono's Jatropha Biodiesel experiment.

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Source: allAfrica.com

Rwanda: Central Bank Chief Economist Thomas Kigabo Succumbs to Covid-19

[New Times] Prof. Thomas Rusuhuzwa Kigabo, the chief economist at the National Bank of Rwanda (BNR), succumbed to Covid-19 on Friday morning. He was 57.

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Source: allAfrica.com

Ramaphosa warns of more job losses in South Africa

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Source: TechCentral

Rwanda: RwandAir Resumes Guangzhou Route With Commercial Cargo

RwandAir, the national carrier, is set to start ferrying commercial freight from the Chinese city of Guangzhou to Kigali, starting this week, the airline announced on

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Source: allAfrica.com

Nigeria: Exclusive - Buhari Restrains Ministers From Disciplining, Removing Heads of Agencies

The circular, dated May 19 and endorsed by the SGF, Boss Mustapha, conveyed the "concern" of the government about the tendency by some ministers to arbitrarily remove chief executive officers of agencies and its impact on stability and service

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Source: allAfrica.com

Hispanic Workers Worry About Brexit’s Smallest Land Boundary

But if this has been a politically fraught period for many in Gibraltar, for the approximately 15,000 workers who regularly cross the border with Spain it has been a time of tremendous anxiety and

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Source: The Washington Informer

Zimbabwe: RBZ Not Printing More Money - Mthuli Ncube

Finance Minister Mthuli Ncube has said the printing of new $10 and $20 denominations does not translate to the Reserve Bank of Zimbabwe (RBZ) printing more money, but it was merely swapping RTGS balances into hard

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Source: allAfrica.com

Tunisia: BCT Executive Board Calls for Economic Reform Plan

[Tunis Afrique Presse] Tunis/Tunisia -- The Executive Board of the Central Bank of Tunisia (BCT), on Tuesday, called for more coordination between the various stakeholders to set in motion an economic reform plan and put in place new mechanisms that will be identified based on the requirements of

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Source: allAfrica.com

Bahamas gov't denies 'running out of money' | New York Carib News

He said the country’s foreign reserves are managed by the capable Bahamian professionals at the Central Bank of the Bahamas, which has “an exemplary record that should instill confidence in every

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Source: The New York Carib News

Zimbabwe treasury says to clear forex backlog in 45 days | Fin24

Zimbabwe will clear a backlog of foreign currency allocations owed from central bank-run auctions in the next 45 days, a senior treasury official said on Wednesday, with traders and businesses estimating around $200 million is outstanding.

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Source: https://www.news24.com

#BTColumn – The inflationists (Part 2) - Barbados Today

Disclaimer: The views and opinions expressed by this author are their own and do not represent the official position of the Barbados Today Inc. by Adrian Sobers “The inflationists’ dream is some sort of world paper money, manipulated by a world government and Central Bank, inflating everywhere at

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Source: Barbados Today - News You Can Trust.

Tanzanian Doctors Sound Alarm Over Hidden Coronavirus Cases

The Tanzanian government's tepid response to COVID-19 and seeming lack of transparency over coronavirus cases is fuelling concern that it is covering up the true extent of the pandemic, according to doctors and health experts in the East African

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Source: allAfrica.com

Nigeria: CBN Introduces 37 Interventions to Save Economy

[Vanguard] The Central Bank of Nigeria, CBN, has disclosed that it introduced no less than 37 intervention programmes to boost the economy of the country.

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Source: allAfrica.com

Tunisian Dinar Rises Against Dollar and Depreciates Against Euro in April

[Tunis Afrique Presse] Tunis/Tunisia -- The Tunisian dinar rose against the dollar, according to the average exchange rate of April 2021. Hence, 1 dollar is worth 2.750 dinars, against 2.806 D, in April 2020, reads the "Economic Dashboard - April 2021 ", published by the Tunisian Institute of

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Source: allAfrica.com

Rand Report: ZAR faces a long road to recovery

(Partner Content) Despite a historic contraction of the GDP for the second quarter, the rand gained through the last week on the back of positive risk sentiment.

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Source: South African News | Online News | The South African

Liberia: Will Charles Sirleaf Accept Offer to Testify Against Weeks?

The possibility of the government establishing its criminal case against former Executive Governor of the Central Bank of Liberia (CBL), Milton Weeks, could likely be a reality only if four former executives of the Bank, including former Deputy Governor for Operations, Charles Sirleaf, who saw

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Source: allAfrica.com

Rwanda: Central Bank Maintains Repo Rate at 4.5%, Optimistic of Economy Picking Up

[New Times] The key repo rate is the maximum rate at which commercial banks invest their money at the central bank.

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Source: allAfrica.com

Mozambique: Government Reduces Some Fuel Prices

Maputo — The Mozambican Ministry of Mineral Resources and Energy has announced a cut in the prices of diesel, kerosene and LPG cooking gas, taking effect as from midnight on

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Source: allAfrica.com

ANC 'dismal' on economic growth and reform - UWC economics professor

"Most economists, policymakers and international financial institutions agree that SA's monetary policies are necessary but insufficient to raise the economy’s rate of growth."

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Source: South African News | Online News | The South African

Zimbabwe suspends mobile money services, claiming 'economic sabotage'

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Source: TechCentral

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