Kenya wants to keep the shilling’s value artificially high, but it will soon realise that foreign currency reserves, used for intervention, are not limitless
Up until December 9 1983, officials used to announce each morning how much the dollar was worth. Even bankers were shocked about letting the market set the price – but it’s served Australia well.
China and the U.S. compete to be the world’s largest economy, but the dollar dominates the yuan as a currency.
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Despite China’s economic power, the yuan lags as a major global currency. Here’s why current US interest rates and sanctions on Russia may change that.
People queue outside a bank in Lagos on February 22, 2023. Nigeria was hit with a scarcity of cash after the central bank began to swap old Naira notes for new bills.
Patrick Meinhardt / AFP
There are at least five errors that marred the currency redesign policy of the Central Bank of Nigeria, most of which could have been avoided.
The World Bank says Nigeria’s surging inflation had pushed an estimated seven million citizens below poverty line in 2020.
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Food inflation figures in Nigeria give cause for concern. Accusing fingers are pointed at rising dollars, farmers and middlemen, but this expert says the can may have been placed on the wrong heads.
The Australian dollar has already slipped, falling to its lowest point against the US since the global financial crisis.
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South Africa has claimed back its status of the largest economy in Africa, toppling Nigeria, due to the appreciation of the rand. What’s prompted the movement?
Africa needs to navigate the difficult economic waters that lie ahead without undoing the gains of the past two decades. Success will require difficult political choices.
That $550 from the carbon tax repeal might be in your bank account, or it might have been gobbled up by exchange rates.
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The carbon tax repeal was supposed to save the average household A$550. And it might well have done, but teasing out the exact figure amid the myriad other economic factors is a herculean task.
Australia’s consumers are about to feel the pinch.
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In an interview with the Australian Financial Review last week, Reserve Bank Governor Glenn Stevens suggested the Australian dollar might fall to US75 cents in 2015. And he intimated that it wouldn’t be…
Punching above its weight? The Aussie dollar has captured the attention of Australians and international investors alike. Rebecca Le May/AAP.
Charis Palmer, The Conversation e Emil Jeyaratnam, The Conversation
To navigate the timeline below, hover your mouse on the right (and on the left to move back). Further reading The float Australia had to have? Intervene or wait? The RBA faces a tricky path to a lower…
The Australian dollar has lost its dazzle as the US economy steadily improves.
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After weeks of rapid depreciation, many commentators are wondering just how low can the Australian dollar go. Slowing growth in China and signs of a recovery in the US have renewed pressure on the dollar…
Some commentators have suggested that the RBA should intervene in currency markets to tame the Australian dollar. But is this a wise move?
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As foreign central banks continue to park their money in our triple-A rated bonds, the Australian dollar continues its inevitable ascent. The dollar traded as high as US106.03¢ after the RBA left the interest…
There are more jobs, but even more job seekers.
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The rise in Australia’s jobless rate for May was “a good news story”, economists said, as the largest increase in full-time jobs in 18 months was offset by an even bigger increase in the number of people…
The Australian dollar has dropped to its lowest level in six months amid continuing global uncertainty: but does it remain over-valued?
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The Australian dollar has dropped to a six month low on continuing fears over a Greek exit from the Eurozone, despite pleas from European Union leaders. Head of discipline, Economics and Winthrop Professor…
Who would emerge better under a trans-Tasman currency regime: New Zealand or Australia?
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The idea of a shared currency between Australia and New Zealand is not new and has engendered discussion over the past two decades. It has recently come to the forefront as a result of our Prime Ministers…