Tuesday, July 5, 2022
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Currencies

Nigeria could launch pilot digital currency by year-end – central bank

MtR by MtR
June 18, 2021
in Currencies
0


The Central Bank of Nigeria’s logo is seen on its headquarters building in Abuja, Nigeria, January 22, 2018. REUTERS/Afolabi Sotunde/File Photo

Related articles

bond market news: Want to save bonds, sacrifice equity; want to save equity, sacrifice currency: Maneesh Dangi

July 5, 2022

AUD edges higher as commodity currencies enjoy a boost

July 5, 2022

ABUJA, June 18 (Reuters) – Nigeria’s Central Bank is preparing a digital currency pilot that could launch as early as the end of this year, its director of information technology said in a recording heard by Reuters on Friday.

Nigeria barred its banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies in February after exponential growth in monthly cryptocurrency transfers to and from Africa.

Central Bank director of information technology Rakiya Mohammed said the project to create some form of digital currency had been in the works for two years, and more announcements were likely in the coming weeks.

“We’re all aware that about 80% of central banks in the world exploring the possibility of issuing central bank digital currency, and Nigeria cannot be left behind,” Mohammed said in the June 10 virtual briefing with bankers.

The Central Bank communications team shared a recording of the briefing with Reuters.

She said the system would expand digital inclusion, make remittances from the diaspora easier and smooth international purchases for Nigerians.

“If you have a central bank digital currency that is backed by the government, then people can make transactions online without fear of any default,” Mohammed said.

Europe and the United States are working on regulating digital assets and their providers, while some other countries, including China, Britain and Russia, are also considering launching their own central bank digital currencies. read more

Reporting By Camillus Eboh, writing by Libby George; editing by Philippa Fletcher

Our Standards: The Thomson Reuters Trust Principles.



Source link

Related Posts

bond market news: Want to save bonds, sacrifice equity; want to save equity, sacrifice currency: Maneesh Dangi

by MtR
July 5, 2022
0

“I cannot afford to run a $100-$125-billion current account deficit. We must be dreaming if we think that we can...

AUD edges higher as commodity currencies enjoy a boost

by MtR
July 5, 2022
0

Daily Currency Update The Australian dollar edged back above 0.6850 through trade on Monday yet remains pinned below 0.69 US...

Currency Count Machines Market Outlook 2022 And Segmentation By Top Keyplayers – Glory, Giesecke & Devrient, LAUREL, Baijia Baiter

by MtR
July 4, 2022
0

Global Currency Count Machines Market Overview: The most recent report, distributed by Verified Market Reports, shows that Currency Count Machines...

Jervois Q2 2022 Results, Investor Call, Change to USD Presentation Currency

by MtR
July 4, 2022
0

Victoria, Australia – TheNewswire – July 4, 2022 - Jervois Global Limited (“Jervois” or the “Company”) (ASX:JRV) (TSXV:JRV) (OTC:JRVMF) advises...

Currency, Gold Down   | Financial Tribune

by MtR
July 4, 2022
0

Foreign currencies slipped in Tehran’s free market on Sunday impacting the bullion market. The dollar was down 2.3% after logging about...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
Fed tapering and emerging markets

Fed tapering and emerging markets

June 7, 2021
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Synaptics Incorporated (NASDAQ:SYNA) Stock Holdings Boosted by Retirement Systems of Alabama

July 5, 2022

Niamh Canavan joins Invel Real Estate – Business Leader

July 5, 2022

US Dollar Index Hits 52-Week High: Impact On Indian Stock Market, FII Outflow

July 5, 2022

Global Pre-Natal Vitamin Market 2022 to 2028 Analysis by Top Industry Players Merck & Co, Eli Lilly, Sandoz Canada Incorporated, Swisse

July 5, 2022

Recent News

Synaptics Incorporated (NASDAQ:SYNA) Stock Holdings Boosted by Retirement Systems of Alabama

July 5, 2022

Niamh Canavan joins Invel Real Estate – Business Leader

July 5, 2022

US Dollar Index Hits 52-Week High: Impact On Indian Stock Market, FII Outflow

July 5, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter