Dollar | TRT Afrika

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Zambia's kwacha depreciates amid devastating drought

Zambia's kwacha depreciates amid devastating drought

Zambia's kwacha has hit a series of record lows since the start of the year as a severe drought keeps the pressure firmly on the Southern African country's economy.

Egyptian pound breaches 50 to the dollar

Egyptian pound breaches 50 to the dollar

The Egyptian pound weakened to close at 50 to the dollar on Thursday, having breached the 50 pound psychological barrier for the first time since March

Trump threatens 100% tariff on BRICS over de-dollarisation

Trump threatens 100% tariff on BRICS over de-dollarisation

US President-elect Donald Trump has threatened to impose 100% tariff on BRICS nations should they effect their de-dollarisation plans.

Zimbabwe president vows to protect ZiG from crashing

Zimbabwe president vows to protect ZiG from crashing

Emmerson Mnangagwa, the president of Zimbabwe, has vowed to protect the country's new currency ZiG from collapsing.

Explained: How a weak dollar affects you

Explained: How a weak dollar affects you

As currencies of some African nations such as Kenya and South Africa continue to gain against the US dollar, have you ever wondered how a weak dollar affects you?

South African rand gains against US dollar

South African rand gains against US dollar

The South African gained against the US dollar on Wednesday.

Bitcoin soars above $57,000 as dollar slides

Bitcoin soars above $57,000 as dollar slides

Dollar held steady as investors awaited US economic data for clues on the Fed's future rate policy, while Bitcoin surged on purchase.

Origins of African currencies and what they mean

Origins of African currencies and what they mean

The world has over 200 currencies but ever wondered why the shilling, the most used currency in East Africa, is called so? Or how the dinar in Arab-speaking North Africa was named? And where did the franc dominating West and Central Africa come from?

Egypt restricts foreign currency credit card use

Egypt restricts foreign currency credit card use

The Egyptian central bank has put a limit on foreign currency credit card use to avert the depletion of forex reserves.

Nigeria's bonds rise after new finance minister's appointment

Nigeria's bonds rise after new finance minister's appointment

The Nigerian President Bola Tinubu appointed his ministers on Wednesday at a time the country is facing huge economic challenges including inflation and currency crash