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| Here's why South Africa's currency isn't fazed by Cape Town's water crisis "South Africa appeals to people because of its high yield and volatility," added Brown Brothers Harriman's global head of currency strategy, Marc Chandler. "The rand had a huge move since November." "People have been focused on the ANC leadership change, and [Cape Town's water problem] is a ...
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Ripple Roars Past $3 to Become Second Most Valuable Digital Currency The new year has already brought some surprises on the cryptocurrency front, but the biggest one is about Ripple: In the last 24 hours, the currency has climbed around 25% to break $3 and lock up second place behind bitcoin. Ripple's recent run is remarkable in part because it has eclipsed Ethereum, ...
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| Angola to abandon currency peg against dollar, central bank head says LUANDA, Jan 3 (Reuters) - Angola plans to abandon its currency peg against the U.S dollar, its central bank governor said on Wednesday, setting the stage for the kwanza to fall sharply to match its value on the streets. Angola has maintained a quasi-pegged exchange rate against the dollar of about ...
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| Watchdog hears new-look currency tender case Swedish firm Crane AB accuses CBK of breaching the Constitution and lacking transparency in awarding the deal to De La Rue International under the guise of 15 per cent margin preference for having local shareholding. Advertisement. By BRIAN NGUGI More by this Author. The procurement ...
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