Bank of Ghana delays CBDC launch due to the ‘dislocation of the economy’
The pilot of the project was successful but other factors have been responsible for the silence on the launch.
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Leading Zimbabwean trade body warns against full dollarization of the economy
76% of government spending is in U.S. dollars and could cause damage to Zimbabwe’s economy long term, the Confederation of Zimbabwe Industries wrote
Central African countries to ditch French colonial currency
The move follows widespread calls for a change of currency and to end French representation in key decision-making bodies
Pan-African bank Absa wants to digitize trade finance with blockchain
The bank will be able to adopt a digital process for issuing letters of credit
eNaira transaction volume climbs 63% amidst cash crunch in Nigeria
The governor of the Central Bank of Nigeria attributes the increase to the government's welfare program.
Central African Republic to review law that makes bitcoin a legal tender: President Touadera
He said his country has no intention to leave the Economic and Monetary Community of Central Africa (CEMAC) and will therefore not go against its rules.
EU warns Tunisia over deteriorating economic and political situation
The economic crisis worsened following the suspension of the World Bank's new lending to Tunisia.