Tag: US Dollar
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🇬🇭 🇨🇳 Ghana Opens Direct Cedi-to-Yuan Payment Channel With China, Reducing Reliance on the Dollar
Ghana has launched a direct cedi-to-yuan payment mechanism that allows businesses to settle eligible China trade transactions without using the US dollar as an intermediary. Piloted by Stanbic Bank Ghana, the system uses China’s CIPS network and could reduce settlement times and foreign-exchange costs while strengthening Ghana-China trade.
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🇿🇲 The Zambia kwacha has surged to become the world’s best‑performing currency against the US dollar
The Zambia kwacha has surged to become the world’s best‑performing currency against the US dollar in early 2026, outpacing all other currencies tracked by Bloomberg. Kwacha’s stunning rally Over the past month, the kwacha has gained around 10–12 percent against the dollar, reaching its strongest level in more than two years. – On some trading…