Foreign currency Archives

ZIMBABWE LOOKS TO ADDRESS FOREIGN CURRENCY SHORTAGE

Posted on February 5, 2019 by Gambeta News

Zimbabwe’s mines minister seeks to address foreign currency shortage in the country. On Monday, 04 January 2019, Zimbabwe’s mines minister Winston Chitando said, soon introduction of monetary policy tools will help address foreign currency shortage affecting mining companies. Lack of funds in the economy, has hurt mining companies including the Zimbabwe’s gold miner Riozim; Who closed three of its mines last year. Minister Winston Chitando said in a presentation during a mining conference that; one major…

SUDANESE POUND INCREASES VALUE FOR THE FIRST TIME

Posted on October 15, 2018 by Gambeta News

The value of Sudanese pound increases for the first time after devaluation. According to bankers, the Sudanese pound have gained weight as it now values at 46.95 to the US dollar. This is the first rise since the devaluation of the Sudanese national currency. The devaluation is a new strategy to battle the country’s financial crisis. Setting exchange rate on daily basis was tasked to a new team of bank executives and exchange houses. The…