World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’

On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board, med…

Uncertainty Surrounds Federal Reserve’s Future Plans for Rate Hikes

USA. Federal Reserve has raised the benchmark bank rate seven times during the course of 2022, leading many to question when the central bank will cease or change course. The Fed has stated that it aims to bring inflation down

New Naira Banknotes to Make Monetary Policy More Effective — Nigerian Central Bank Governor

The Central Bank of Nigeria governor, Godwin Emefiele, has said the newly designed naira banknotes are set to enhance the effectiveness of the organization’s monetary policy and bolster the financial inclusion cause. Forcing Currency Hoarders to Return to the Banking System

Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission

According to the International Monetary Fund (IMF)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are fueling the naira devaluation speculations. To achieve a unified naira exchange rate, the global lender said Nigeria

Forex Shortages Blamed After Nigerian Currency Hits New Low Versus the US Dollar

A surge in the demand for foreign exchange and the general scarcity of the resource may be the reasons why the naira currency recently slumped to a new all-time low of 735 versus the U.S. dollar, har en rapport sagt. One

Colombia planlægger at lancere digital valuta for at reducere skatteunddragelse

Colombias regering afslørede, at den har planer om at lancere en digital valuta. Et af formålene med denne nye valuta ville være at bremse skatteunddragelse og forbedre sporbarheden af ​​transaktioner foretaget af borgere. The proposed measure would also

Bank of Russia sigter mod fuld lancering af digital rubel 2024

Ruslands centralbank planlægger at begynde den omfattende implementering af den digitale rubel om to år, ifølge et papir, der beskriver dets pengepolitiske prioriteter for 2023 – 2025 periode. As the development of the state-issued digital

Cleveland Fed-præsident Loretta Mester forudsiger ikke en recession,' Siger, at inflationen vil bevæge sig ned

Cleveland Federal Reserve Bank president Loretta Mester doesnt think a recession will take place in the United States but believes it will take two years to get inflation back down to 2%. Mens han talte under et interview søndag, Mester explained

Tanzanias centralbankchef: Kryptovalutaer er ikke forbudte, Handlende bør investere på egen risiko

The Tanzanian central bank governor recently revealed that cryptocurrencies are not outlawed in the country but warned those dabbling in crypto-related investments that they do so at their own risk. Central Bank Open to Ideas The governor of the Bank of

Den nigerianske centralbanks trusler tvinger parallel valutakurssporer til at suspendere tjenesten

Following threats from the Central Bank of Nigeria (CBN), the management of Abokifx, a website that tracks the Nigerian currencys black market exchange rates, has announced the suspension of their daily updates. This suspension will remain in effect until Abokifx gets