EA banks cash in on forex crisis, govt securities to increase earnings
NCBA Group — with regional operations in Rwanda, Uganda and Tanzania — reaped the most from forex trading.
Source: theeastafrican.co.ke
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PGIM adds sixth strategy to emerging market debt UCITS suite
PGIM has added a sixth strategy to its emerging market debt UCITS suite, offering investors access to a range of hard currency opportunities
Source: investmentweek.co.uk
Cuba closes airport exchanges as black market dollar booms
People leaving Cuba can no longer change their local bills back into dollars, euros or other other hard currency at the official exchange rate under a new policy announced this week. The government closed the airport departure lounge exchange booths that had allowed travelers to change up to $300 at the official rate of 24 Cuban pesos to the dollar — about double the black market rate inside the country. The state's Cadeca exchange company said the measure was due to a drastic drop in tourism during the pandemic and the resulting lack of hard currency.
Source: yahoo.com