The Economic Intelligence Unit says businesses in some of sub-Saharan Africa’s largest economies have been forced to close or reduce production over access to hard currency or working capital to keep their import-dependent operations afloat. Benedict Craven, Country Risk Manager at Economic Intelligence Unit joins CNBC Africa for more.
In 1966, Australia switched from pounds to decimal currency. The country’s central bank issued a new range of banknotes with modern safety features - including watermarks, woven metal thread and raised print. But these technologies couldn’t prevent a $900,000 swindle.
Traders say they expect interbank rates to ease further as Nigeria's markets anticipate a further liquidity boost this week. Emmanuel Mordi, Currency Trader at UBA joins CNBC Africa to review activities at the fixed income and forex markets after today's primary market auction.