Ester Mbathera The process of doing cross-border payments across the Common Monetary Area (CMA) of South Africa, Namibia, Lesotho, and Eswatini has been described as cumbersome. The new cross-border payments came into effect in September last year, and all …

Morocco plans to relax its exchange rate regime in 2026, resuming a gradual reform process that was interrupted by the pandemic, revealed Bank Al Mghrib’s governor Abdellatif Jouahri, in a statement to Bloomberg News. During the annual meetings of the …

(Bloomberg) — Morocco aims to loosen the kingdom’s exchange rate regime in 2026, returning to a gradual reform process that was halted during the pandemic, the central bank governor said in an interview. The step will consist of gradually moving the dirham …

… low tax regime, preserve its currency peg to the US dollar and …

The Namibian economy may shrink, because the Namibia dollar is fixed to the rand. If South Africa’s currency weakens, it can hurt Namibia’s economy too. This is according Africa Upstream director Justin Cochrane. He said due to power supply issues in South …

KUALA LUMPUR, Feb 29 (Reuters) - Malaysia's finance ministry on Thursday dismissed adjusting monetary policy or pegging the ringgit to support the weakened currency, saying it expects the ringgit's value to appreciate this year. The ringgit has …

… the economy and maintain the currency peg with the South African Rand …

… to maintain Hong Kong’s currency peg to the US dollar is …

KUALA LUMPUR – Former Malaysian premier Mahathir Mohamad said the country should consider pegging its sinking currency to the dollar, repeating the policy he introduced during the Asian financial crisis in the late 1990s. “It’s something to be considered,” …

“Back then, I was a money and currency trader at Citibank, and I clearly remembered the Saturday morning when the Reuters machine suddenly flashed the breaking news that the Hong Kong dollar was to be fixed at 7.8 per US dollar” with effect from October 17 …