Nigeria: Naira Appreciates Further At WDAS, Interbank

[This Day] The naira continued its upswing against the United State dollar at both the Central Bank of Nigeria's (CBN) Wholesale Dutch Auction System (WDAS) and the interbank market as demand for the greenback fell drastically yesterday. … [Read more...]

Nigeria: Naira Sustains Rally as Dollar Demand Falls

[Daily Trust] The Nigerian naira sustained its rally against the U.S dollar on the interbank market on Monday as demand for the dollar fell at the central bank's bi-weekly auction. … [Read more...]

Nigeria: Is the Naira Rebound Short-Lived?

[This Day] The recent marginal rebound in the value of the naira in the foreign exchange market and the attendant rise in forex reserves in the past few weeks has been attributed to lower forex demand by oil importers. But it can be sustained with the right fiscal-monetary policy alignment. … [Read more...]

Kenya: Report On Shilling’s Slide States the Obvious

[Business Daily] The report of the Parliamentary Select Committee on the decline of the Kenya shilling against foreign currencies was released last week. … [Read more...]

West Africa: ‘Ecowas to Introduce Single Currency By 2020′

[This Day] The Economic Community of West African States (ECOWAS) is to introduce single currency in the sub-region by 2020, while it will become effective in English speaking countries in 2015. … [Read more...]

Gambia: IMF Claims Overvalued Dalasi What Says the Central Bank?

[Foroyaa] A report issued by the International Monetary Fund indicates that the local currency, the Gambian Dalasi, may be overvalued by 17 Percent. … [Read more...]

Kenya: Shilling Steady Vs Dollar but Likely to Weaken

[Nairobi Star] The Kenyan shilling was steady against the dollar on Friday but traders expected it to weaken as some importers made an early start on buying dollars to meet month-end demand. … [Read more...]

Uganda: Shilling Expected to Hold

[Independent] This week the Uganda shilling is expected to remain strong as Bank of Uganda expects to sell Shs 95 billion worth of Treasury bills. … [Read more...]

West Africa: ECOWAS to Introduce Single Currency by 2020 – Ekweremadu

[Vanguard] Enugu - THE Economic Community of West African States, ECOWAS, is to introduce a single currency in the sub-region by 2020, while it will become effective in English speaking countries in 2015. … [Read more...]

Kenya: Get Policies Right First

[Nation] Last week the House Committee on the Shilling released its final report after its two-month inquiry into what caused the depreciation of the Kenyan currency. … [Read more...]

Nigeria: This Hard Currency, the Naira

[Daily Trust] The first time I saw a table of the world's hard currencies [I think I was in secondary school Form Two then], I sat down and wondered why the naira was not in the list. … [Read more...]

Kenya: Citizens On Dollar Salaries Take Pay Cut As Shilling Gains

[Business Daily] Kenyans working for international firms earning in foreign currencies face tough times as the shilling firms against hard currencies. … [Read more...]