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De facto exchange-rate arrangements in 2022 as classified by the International Monetary Fund. Floating ( floating and free floating ) Soft pegs ( conventional peg , stabilized arrangement , crawling peg , crawl-like arrangement , pegged exchange rate within horizontal bands )
After independence, Ghana separated itself from the British West African pound, which was the currency of the British colonies in the region. The new republic's first independent currency was the Ghanaian pound (1958–1965). In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system.
The exchange rate is grossly more favourable to the seller of the foreign currency than is the official bank rate, but such trading is usually illegal. [ citation needed ] In many rural areas there is still a strong bartering culture, the exchanged items being of more immediate value than official currency (following the principle that one can ...
(Bloomberg) -- Africa’s second-most aggressive monetary authority after Zimbabwe is set to show Ghana’s resolve once again by raising interest rates at its final meeting of the year to boost ...
(Bloomberg) -- Ghana’s central bank is caught between cutting interest rates to boost the economy and running the risk of weakening the currency, which could drive up inflation and spook ...
This page is subject to the extended confirmed restriction related to the Arab-Israeli conflict. Houthis الحوثيون The Sarkha, translated as' God is the Greatest, Death to America, Death to Israel, Curse be upon the Jews, Victory to Islam,' is the main political slogan of the Houthi movement. Also known as Ansar Allah Leaders Abdul-Malik al-Houthi (since 2004) Hussein al-Houthi ...
Oil and natural gas prices rose sharply Monday after BP said it would pause all shipments through the Red Sea because of increased attacks on commercial vessels by Houthi militants from Yemen.
Tribes and Politics in Yemen: A History of the Houthi Conflict. Oxford University Press. Caton, S. C. (2005). Yemen Chronicle: An Anthropology of War and Mediation. Hill and Wang. Clark, V. (2010). Yemen: Dancing on the Heads of Snakes. Yale University Press. Dresch, P. (2001). A History of Modern Yemen. Cambridge University Press.