Nigerian CBDC Adoption Lags, Makes Up Less Than 1% of Currency in Use
Nigeria’s central bank digital currency, known as the eNaira, was the first of its kind in…
Ethiopia’s Birr Falls 30% After Currency Float; Forex Surrender Requirements Scrapped
Ethiopia’s birr plunged 30% against the dollar after the central bank floated the currency as…
Zambia De-Dollarization: Central Bank Seeks to Enforce Kwacha as Sole Legal Tender for Domestic Transactions
The Bank of Zambia has defended its de-dollarization plans but also seeks input from stakeholders…
BRICS Poised to Dominate World Bank and IMF, Says Russian Executive Director
The World Bank Executive Director for Russia forecasts that BRICS nations will soon dominate the…
IMF Warns Zambia Against Dedollarization, Calls Plan Counterproductive
An International Monetary Fund representative has cautioned that Zambia’s proposed dedollarization…
AI Preparedness Index: South Africa Best Prepared African Country; Nigeria Ranks Outside the Continent’s Top 7
The latest International Monetary Fund (IMF) Artificial Intelligence Preparedness Index reveals that…
IMF Advises US to Keep Interest Rates Steady Through Late 2024
The International Monetary Fund (IMF) has advised the U.S. to improve its fiscal position by…
IMF: CBDCs Can Boost Financial Inclusion and Payment Efficiency in Middle East
The International Monetary Fund (IMF) says 19 countries in the Middle East and Central Asia…
IMF Data Shows Decline in US Dollar Dominance
Recent data from the International Monetary Fund (IMF) points to an ongoing decline in the U.S.
