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Tunisian currency needs further weakening to stimulate economic growth, IMF says Expectations that Tunisia is headed for a sharp currency depreciation have grown in recent months as foreign reserves have declined rapidly, reaching $4.6 billion on Monday, enough to cover just 78 days worth of imports. Mr Rother said the dinar's real exchange rate - its ability to purchase products ...
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Oman has means to maintain its currency peg, Central Bank Governor says Oman has the means to maintain its currency peg and has no plans to change it even though the decline in oil prices has hurt its finances, central bank Governor Tahir Al Amri said. Oman's gross foreign currency reserves, which stood at $19.6 billion at the end of January, are enough to cover nearly nine ...
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FinTech startup advocates bit-by-bit investment in crypto-currency A New-York based FinTech start-up, Coinseed, has launched an app to facilitate micro investments in the crypto-currency space and is looking to engage the Africa market. "Anyone who's not into crypto is our target market," said Coinseed founder Sukhbat Lkhagvadorj. "We make it so quick and easy, ...
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