DR Congo bans US dollar cash payments
The central bank of the Democratic Republic of Congo is making one of its boldest attempts yet to curb the dominance of the US dollar, announcing a ban on all cash transactions in foreign currencies starting April 2027.
SA rand, Nigerian naira ranked among global currencies soaring against US dollar
The South African rand and Nigerian naira have been ranked among the global currencies posting strong gains against the U.S. dollar over the past year, reflecting shifting market dynamics and improving domestic conditions.
First Mutual posts $14m profit as currency dynamics reshape insurance demand
According to the company’s disclosures, approximately 85 percent of revenue is now generated in US dollars, up from 75 percent in the previous year, highlighting a decisive move away from local currency exposure.