Central Bank

Erdogan uses Turkey’s $128 billion reserves to disburse gifts to AKP members, rewarding loyalty

Last week, the Turkey’s opposition party launched a nation-wide campaign demanding the ruling Justice and Development Party (AKP)to disclose where…

April 19, 2021

Nigeria Central Bank Explains Why Cryptocurrency Ban

According to the BBC, the Central Bank of Nigeria on Friday stopped banks and financial institutions from dealing with Crypto…

February 8, 2021

NEWS: Central Bank of Morocco Reported 9,575 counterfeit banknotes in 2019

Morocco’s central bank, Bank Al Maghrib (BAM), recognized 9,575 counterfeit banknotes in 2019, worth MAD 1.5 million ($161,000). The number of counterfeit banknotes…

August 3, 2020

S. Africa’s Economy May Shrink as Much as 4%, Central Bank Says

South Africa’s economy could contract by 2% to 4% this year due to the coronavirus pandemic and measures to curb…

April 6, 2020

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