Tag: foreign exchange

National Bank of Ethiopia
BusinessHot News

Ethiopia injects $500 million in FX auction to stabilize currency market

Ethiopia injects $500M into FX auction as dollar shortages deepen, signaling ongoing pressure on the birr and market reforms.

Timilehin Adejumobi Timilehin Adejumobi
South Africa regulator strips HSBC of forex license after 30 years
BusinessHot News

South Africa regulator strips HSBC of forex license after 30 years

South African Reserve Bank Financial Surveillance Department has revoked the Johannesburg branch of HSBC as an authorised foreign exchange dealer, ending a relationship that stretched for more than three decades. The decision removes one of the lender’s remaining regulatory links to the country.  The move reflects a broader shift among global banks reassessing their presence in parts of Africa and…

Oluwatosin Alao Oluwatosin Alao