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Naira Surges: Trades at N1,580.44/$ in Official Market
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The Nigerian currency, the Naira, experienced consistent strengthening against the US Dollar throughout the week and ended stronger on Friday, with a rate of ₦1,580.44 in the official foreign exchange market. According to data from the Central Bank of Nigeria’s website, the Nigerian Naira appreciated by ₦4.51 against the US Dollar on Friday. This…
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Who Benefits From A Global Dollar?
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By Andrés Velasco U.S. President Donald Trump believes that America should be primarily for Americans. In contrast, the U.S. dollar is available for global use. If the BRICS group of emerging economies decides to introduce a new currency, Trump would have tweeted , or “support any other currency as a replacement for the powerful…
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Dollar Inches Up Against Dong – International Edition (English)
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On Thursday morning, the U.S. dollar saw a slight increase against the Vietnamese dong but declined when compared to most significant currencies. Vietcombank sold its dollars at a rate of VND26,150, which was 0.07% higher than before. The State Bank of Vietnam reduced its reference rate by 0.01% to VND24,927. In the underground market,…
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Ay Schools Nigerians On Naira Misuse Amid Efcc Crackdown
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The renowned Nigerian actor, comedian, and filmmaker Ayo Makun, commonly referred to as AY, has utilized his influence to advise Nigerians that damaging or mistreating the naira—whether through acts like spraying, ripping, disfiguring, or misusing—is not an accepted custom but rather a breach of Nigerian legal statutes. As per his statement, these actions compromise…
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Dollar Inches Up Against Dong – International Edition
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On Thursday morning, the U.S. dollar saw a slight increase against the Vietnamese dong but declined when compared to most significant currencies. Vietcombank sold its dollars at a rate of 0.07% higher, equating to VND26,150 per dollar. The State Bank of Vietnam reduced its reference rate by 0.01% to VND24,927. In the black market,…
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Dollar Inches Up Against Dong – International Edition
•
On Thursday morning, the U.S. dollar saw a slight increase against the Vietnamese dong but declined when compared to most significant currencies. Vietcombank sold its dollars at a rate of 0.07% higher, equating to VND26,150 per dollar. The State Bank of Vietnam reduced its reference rate by 0.01% to VND24,927. In the black market,…
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AY Schools Nigerians on Naira Misuse Amid EFCC Crackdown
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The renowned Nigerian actor, comedian, and filmmaker Ayo Makun, commonly referred to as AY, has utilized his influence to advise Nigerians that damaging or mistreating the naira—whether through acts like spraying, ripping, disfiguring, or misusing—is not an accepted custom but rather a breach of Nigerian legal statutes. As per his statement, these actions compromise…
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Dollar Inches Up Against Dong – International Edition (English)
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On Thursday morning, the U.S. dollar saw a slight increase against the Vietnamese dong but declined when compared to most significant currencies. Vietcombank sold its dollars at a rate of VND26,150, which was 0.07% higher than before. The State Bank of Vietnam reduced its reference rate by 0.01% to VND24,927. In the underground market,…
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Rejecting the 20-Pesewa Coin: How a Silent Culprit Fuels Inflation
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By Andy Sena AGBLEY & Walter Kwaku AWUAH Starting from late 2006, rumors began circulating regarding the gradual discontinuation of the 20-pesewa coin. In July 2007, under the leadership of Dr. Paul Amoafo Acquah, the Central Bank of Ghana implemented a significant monetary policy change with the redenomination of the cedi. The objective was…
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US Dollar Hits Rs 136.03; Euro Reaches Rs 154.63 in Latest International Exchange Rates
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On May 8, the Nepal Rastra Bank announced the official foreign exchange rates for today. As stated by the central bank, the purchase price for one US dollar stands at NPR 135.43, whereas the sell-off rate is set at NPR 136.03. The euro is currently trading at Rs 153.95 for purchase and Rs 154.63…