Tag: Currency Stability
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No time for kenkey parties: COPEC chief warns against economic complacency amid recovery
Rising Recovery, Lingering Risks Ghana’s economic rebound has brought cautious optimism, but the country’s top petroleum consumer watchdog is urging policymakers, businesses, and workers not to pop the champagne just yet. Duncan Amoah, Executive Secretary of the Chamber of Petroleum Consumers (COPEC), has warned that while the worst of the fiscal storm may be over,…
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Naira Strengthens To ₦1,456/$ At Central Bank FX Window
Overview: Naira Rises at the Central Bank FX Window The Nigerian naira strengthened against the US dollar at the official foreign exchange window on Monday, rising by about 0.54% to approximately ₦1,456.56 per $1. This marked a notable uptick as liquidity pressures in the FX market began to ease, signaling renewed optimism for importers and…
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Rebuilding Trust in Monetary Policy: Nigeria’s Path to Price Stability and Credible Reforms
Introduction: The Credibility Challenge for Nigeria’s Central Bank For many emerging economies, inflation isn’t just a number on a chart—it’s a lived reality that shapes household budgets, business investment, and the exchange rate. Nigeria, with its history of unorthodox policy moves and volatile inflation, faces a central task: rebuild trust in monetary policy. A credible…
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Treasury Defends Steady Shilling as Indicator of Economic Strength
Introduction: Treasury Stands Behind the Shilling The Kenyan National Treasury has publicly defended the local currency, insisting that the shilling remains steady and that recent volatility concerns do not reflect a weakening economy. In response to media reports about potential strains flagged by the International Monetary Fund (IMF), Treasury officials emphasized that the current exchange…
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Treasury Defends Steady Shilling: Economic Strength Behind Stable Currency
The Treasury’s Stance on a Stable Shilling The Kenyan National Treasury has publicly defended the country’s currency, the shilling, arguing that the exchange rate remains stable and that this stability is a sign of underlying economic strength. While some observers have raised concerns following commentary from international institutions, the Treasury contends that a steady shilling…
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State Bank of Pakistan’s Reserves Increase by $34 Million
Overview of the Recent Increase in Reserves Pakistan’s foreign exchange reserves have recently recorded a modest increase, reflecting a shift in the economic landscape of the nation. As of the week ending September 5, 2025, the State Bank of Pakistan (SBP) announced an increment of $34 million in its reserves, bringing the total to $14.3…
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US Dollar Stability Amid Inflation Reports Awaited
Introduction The US dollar has showcased remarkable stability as investors gear up for crucial inflation reports that are set to influence the Federal Reserve’s interest rate decisions. Understanding the interplay between inflation data and the dollar’s performance is essential for anyone involved in trading or investing. The Background of the US Dollar As the world’s…