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Tag Archives: Currency

Anti-CFA activist Kemi Seba is 2017 Africanews Personality of the Year.

He lit the flame of a currency protest across much of Francophone region in West Africa. He burnt a 5000 CFA note in Senegal and was arrested and charged with destroying property belonging to the Central Bank of West African States (BCEAO). A Dakar court will go on to rule days later …

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Zimbabwe introduces fresh $5 bond notes to ease cash crunch

Zimbabwe has issued fresh bond notes with $5 denominations. The new note comes two months after the introduction of $2 and $1 notes meant to help solve acute cash shortages in the country. The Reserve Bank of Zimbabwe (RBZ) on Thursday night released the purple notes to banks for circulation …

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Payments start-up Circle moves away from bitcoin business.

bitcoin

U.S.-based Circle Internet Financial Ltd, a social payments app backed by Goldman Sachs, said on Wednesday it will no longer allow customers to buy and sell bitcoin because it has failed to become a meaningful part of its business. “Using bitcoin for speculative trading or people buying and selling bitcoin …

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Pound recovers ground after US election

The pound has continued to recover ground following this week’s US election result. The news will bring some respite to businesses that import goods, and to holidaymakers buying foreign currency. For the first time in five weeks sterling is worth $1.26, having sunk as low as $1.21 a month ago. …

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