… to defend the city’s currency peg to the US dollar in …

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 …

… remained adequate to sustain the currency peg between the Namibia dollar and …

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 …

… secure The Bahamas’ one:one currency peg with 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 …

… July 2024. The previous fixed currency peg had become untenable, leading to …

… since last July. Enforcing the currency peg had become unsustainable, draining the …

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 …