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No Plans to Make US Dollar Sole Currency, Zimbabwean Finance Minister Calls Idea ‘Suicidal’

Post author:MiamiCrypto
Post published:October 29, 2021
Post category:deflation dollarization Economics Exchange rate foreign currency parallel market Savings transactional currency Zimdollar depreciation

The Zimbabwean Finance Minister, Mthuli Ncube, recently told business leaders that he is not planning to make the U.S. dollar the country’s sole currency again. Government Focused on Strengthening Local…

Nigerian Lawmaker Proposes Closure of All Domiciliary Accounts in Order to Save Imperiled Naira

Post author:MiamiCrypto
Post published:September 30, 2021
Post category:Abokifx Bitcoin Bureau De Change Central Bank of Nigeria domiciliary accounts Economics foreign currency naira depreciation naira exchange rate

Nigerian lawmaker Ibrahim Obanikoro has called on Nigerian authorities to “close all domiciliary accounts for the next 12 months.” Such a move, he argues, will help to ease pressure on…