Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $3,611,178,268,301.16
  • 24h Vol: $477,398,128,667.16
  • BTC Dominance: 53.10%

International Monetary Fund (IMF)

ethiopian-premier-defends-currency-float-decision,-rejects-devaluation-claims

Ethiopian Premier Defends Currency Float Decision, Rejects Devaluation Claims

Leave a Comment / Africa, Bitcoin, Crypto Hacked, Cryptocurrency, Devaluation, Ethereum, Ethiopia birr, Foreign exchange, International Monetary Fund (IMF), World Bank / / / , , , , ,

The Ethiopian Prime Minister, Abiy Ahmed, has defended the decision to float the birr and insisted that this move does not amount to the devaluation of the currency. Ahmed stated that the intention is to unify the official and parallel market exchange rates. Reports suggest that Ethiopia’s decision to float the birr was promptly rewarded […]

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IMF Says Sub-Saharan Africa Already Feeling Effects of the ‘Big Funding Squeeze’

Leave a Comment / Abebe Aemro Selassie, Bitcoin, borrowing costs, Crypto Hacked, Cryptocurrency, Economics, Ethereum, Funding, IMF, International Monetary Fund (IMF), Sub Sahara Africa, Sub-Saharan Africa / / / , , , , , , ,

Countries from the Sub-Saharan Africa (SSA) region face a “big funding squeeze” which is forcing some of them to cut spending on health, education, and infrastructure. According to Abebe Aemro Selassie, people from the region are already “feeling the effects of the funding crisis.” The IMF says countries from the SSA region should also consider

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South Africa Added to FATF ‘Grey List’ Despite Designation of Crypto as a Financial Product

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In a move seen as a major setback for South Africa, the international financial watchdog, the Financial Action Task Force, announced on Feb. 24 that it had added the country to its “grey list.” Getting grey-listed by the financial watchdog potentially makes it difficult for South Africa to obtain loans from foreign banks. A Setback

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Report: Somalia to Fight Inflation and Counterfeiters With New Banknotes

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According to the deputy governor of the Somalian central bank, Ali Yasin Wardheere, the institution plans to fight inflation and currency counterfeiters with newly issued shilling banknotes. The bank reportedly said it hopes to complete the process of replacing old and high-value shilling bills with newly designed banknotes in 2024. Preserving the Value of New

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