Tag: dollar

In Cuba, the old foe’s greenback makes a comeback

Lines formed in front of the stores on Monday and Cubans packed banks to obtain the bank card needed to purchase dollar goods although most residents resigned themselves to obtaining the basics in local currency.

South Africa’s rand crashes to its lowest ever after Moody’s pulls the plug

South Africa’s rand plunged to an all-time low on Monday, falling below 18.00 to a dollar after ratings firm Moody’s cut the country’s last investment grade credit rating, adding to mounting panic about the coronavirus outbreak.

Currencies in South Africa, South Korea, Australia and New Zealand crumble as market volatility shoots up

The South African rand plunged over 4% against the dollar to R16.28.

Brett Dawson on his Inspirational journey of investment and expansion

Former CEO of Dimension Data, Brett Dawson has been a busy man since leaving the company. He has invested in seven start-ups, and set up Campan. Several of these start-ups have been established by South Africans including Fourex, a forex exchange service which provides self-servicing kiosks to exchange 150 currencies. The exchange has been an innovate approach to exchanging foreign currencies into notes and coins, and is paid out in the major currencies such as the dollar, pound and euro. To discuss his investments, Brett Dawson joins CNBC Africa for more.

Op-Ed: Has Trump misjudged China ?

With the yuan’s latest depreciation, China is upping the ante in its trade war with the US. This has significant market and economic implications.

Zimbabwe challenged in court for banning the use of foreign currencies, what you need to know

Zimbabwe's government has introduced an interim currency, the RTGS dollar, in a bid to end a decade of dollarisation.

Kenya’s shilling weakens slightly against the dollar, here’s why

The Kenyan shilling weakened slightly against the dollar on Tuesday.

South Africa’s rand gains as U.S. political instability weighs on dollar

JOHANNESBURG (Reuters) - South Africa’s rand gained early on Monday in low-volume trade ahead of a shortened Christmas holiday week, as political instability in the United States curbed the dollar’s...