Currency | TRT Afrika

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Circulation of Zimbabwe's new currency ZiG starts

Circulation of Zimbabwe's new currency ZiG starts

Zimbabwe's new currency ZiG officially started circulating on Tuesday, April 30.

What to know about Zimbabwe's new currency ZiG

What to know about Zimbabwe's new currency ZiG

The Zimbabwe Gold, shortened as ZiG, is replacing the Zimbabwean dollar, which has significantly plummeted in value against major foreign currencies.

Zimbabwe launches new currency

Zimbabwe launches new currency

The introduction of the new currency called ZiG comes as Zimbabwe seeks to tackle sky-high inflation and stabilise its struggling economy.

Nigeria to outlaw foreign exchange in streets

Nigeria to outlaw foreign exchange in streets

The Central Bank of Nigeria has announced that it will soon be illegal to operate a forex bureau in the country's streets.

Why Kenyan shilling has 'weakened' against US dollar

Why Kenyan shilling has 'weakened' against US dollar

Kenyan President William Ruto has said that the US Federal Reserve's consistent hiking of interest rates has made the Kenyan shilling lose significant value against the foreign currency.

Nigeria's top court orders indefinite use of old banknotes

Nigeria's top court orders indefinite use of old banknotes

The Nigerian Supreme Court has ordered an indefinite use of old banknotes in the country.

South Africa fines foreign bank for 'currency manipulation'

South Africa fines foreign bank for 'currency manipulation'

South Africa has fined British bank Standard Chartered over alleged currency manipulation.

Kenyan shilling slides to historic low against US dollar

Kenyan shilling slides to historic low against US dollar

For the first time in Kenya's history, the country's currency has surpassed the Ksh150 mark against the US dollar.

Egyptian banks suspend debit card use in foreign currency

Egyptian banks suspend debit card use in foreign currency

Egyptian banks have suspended debit card use in foreign currency to stop a drain on the scarce resource.

Africa’s strongest currencies

Africa’s strongest currencies

Tunisian Dinar is Africa’s strongest currency, exchanging at 3.04 against the US Dollar.

Can China erode the dollar’s power in the Middle East?

Can China erode the dollar’s power in the Middle East?

Though Beijing might not dethrone the dollar soon, trading in currencies like the yuan could set a precedent and gradually weaken US’s economic power.

CFA Franc: The ‘colonial currency’ keeping 14 African nations on a leash

CFA Franc: The ‘colonial currency’ keeping 14 African nations on a leash

France’s financial control over the African nations is a relic of a shady past. Only African initiatives imagined and implemented by Africans will pave the way for the continent's awakening.