Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point to Further Devaluation

Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point to Further DevaluationPressure on Nigeria’s current exchange rate is likely to get worse in 2021, when the expected recovery of imports is set to force another devaluation of the local currency to N430/$ next year, according to two Bank of America analysts. Earlier rate adjustments, one in March and another in July, already appear to have failed […]

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Regulatory Roundup: Crypto Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures

Regulatory Roundup: Crypto Regulations Advance Despite Global Crisis, Cash Shortages, Bank ClosuresIn this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock markets. Through it all, governments worldwide are still focusing on cryptocurrency regulation, including the U.S., South Korea, India, and Russia. Also read: Bitcoin Legal in India — Exchanges Resume INR […]

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Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens

Bank Closures and Withdrawal Restrictions Anger Lebanese CitizensLebanese citizens have been dealing with economic hardship, as the country’s central bank imposed customer withdrawal limits last October. The problems have continued over the last two months, as ATMs have stopped dispensing cash and bank branches close doors in fear of angry clients. Regional reports disclose Lebanese bank customers often wait for hours in […]

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