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| Nigeria, China Sign $2.5bn Currency Swap Agreement The Central Bank of Nigeria (CBN) has announced the execution of a $2.5billion bilateral currency swap agreement with the Peoples Bank of China (PBoC). The CBN Governor, Mr Godwin Emefiele, led the Nigerian officials while PBoC Governor, Dr Yi Gang, led the Chinese team at the official signing ...
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| How Iran will respond to new sanctions Since December 2017, Iran's currency, the rial, has lost one-third of its value. And on April 10, the exchange rate's rapid depreciation prompted the government to halt domestic foreign-exchange transactions and outlaw foreign-currency holdings of more than €10,000 ($12,000).
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