Tags » Exchange Rate

Exchange rate volatility: the New Zealand story

When Winston Peters talks about the exchange rate two things tend to be emphasised: the average level of the exchange rate (too high –  relative to some benchmark presumably based something like on tradables sector performance or external indebtedness), and the volatility of the exchange rate (too volatile). 1,513 more words

Exchange Rate

CBN injects $195m into forex market as naira maintains stability

The Central Bank of Nigeria (CBN) has injected $195 million into the inter-bank of the foreign exchange (forex) market.

This comes on the back of the apex bank’s monetary policy aimed at uplifting the naira exchange rate. 181 more words

Economy

CBN marginalizing indigenous manufacturers, Erisco CEO insists

The Chief Executive Officer (CEO) of Erisco Foods Limited, Chief Eric Umeofia on Wednesday insisted that the Central Bank of Nigeria (CBN) and other agencies of the government are continuously frustrating the efforts of indigenous manufacturers. 313 more words

Business

CBN sustains naira stability with $195m forex intervention

In continued efforts to sustain forex liquidity in the country, the Central Bank of Nigeria (CBN) has intervened in the inter-bank foreign exchange market with $195 million. 200 more words

Economy

How the money works in Cuba 2017

There are two different currencies in use in Cuba:

Regular Pesos or CUP

And Convertible Pesos or CUC

At the time of this writing, 2017, 1 USD was worth .87 convertible pesos or CUC. 177 more words

Fixing the real cost of a currency peg

This article appeared originally in Gulf News: link to original article

Is there a cost to peg a country’s currency to another? And if there is, how can that be calculated? 629 more words

Published Articles In Gulf News

Chapter 5: Japanese Yen ¥ Bank Notes

As an office-slave it couldn’t get any better than knowing ‘it’s ready for collection.’ (’twas the highlight of my day) I’ve never been fond of the idea of getting my banknotes through the post, whether it be delivered home or to my workplace, I’m just an old fashioned insecure child from the 90’s. 24 more words

Japan