ForeignCurrency

Zimbabwe's Economic Crisis: The Rise of the US Dollar Amid Zig Liquidity Crunch

2 months ago

In a striking development in Zimbabwe's economic landscape, the nation is experiencing a severe liquidity crunch that has propelled the US dollar to the forefront of its economy. This situation has unfolded against the backdrop of chronic hyperinflation and widespread cash shortages, leading many businesses and individuals to increasingly rely on the US dollar for transactions and savings.

Rising Tensions Fuel Demand for Foreign Currency Deposits in China

3 months ago

In an evolving economic landscape marked by rising geopolitical tensions, many Chinese citizens are increasingly seeking the safety and security of foreign currency deposits. As fears of a trade war heighten, particularly between major global economies, individuals and businesses in China are pivoting towards safeguarding their wealth against potential currency fluctuations and economic instability.

Poland Kicks Off 2025 Foreign Currency Debt Sales to Address Unprecedented Funding Demands

4 months ago

Poland has officially launched its foreign currency debt sales for the year 2025, as the country grapples with record funding needs amidst a challenging economic landscape. This move comes at a critical time when Poland's government is keen on securing necessary finances to meet its budgetary requirements and strategic investments.

Angola's Central Bank Infuses $150 Million in Foreign Currency to Local Banks

5 months ago

In a bid to stabilize the national currency and foster greater liquidity within the financial sector, the Central Bank of Angola has announced the injection of $150 million in foreign currency into local financial institutions. This strategic maneuver is aimed at rejuvenating Angola's economy, which has faced its fair share of challenges, including fluctuations in oil prices and a depreciating local currency, the kwanza.