Tag: dollars
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Kenya’s balance of payment position weakens on falling inflows
Kenya's balance of payments position declined to a surplus of 1.04 billion U.S. dollars in the year leading to September 2023, an equivalent of...
Kenya restricts sale of dollars by remittance firms amid dwindling forex reserves
The Central Bank of Kenya (CBK) on Thursday restricted the amount of U.S. dollars firms that remit money abroad can sell to customers per...
Banks Would Spend Up to US$57 billion on Legacy Payments
Global banks are expected to spend $57.1 billion on legacy payments technology in 2028, up from $36.7 billion in 2022, impacting costs and limiting...
Ukraine eyes US$7.8 billion in foreign aid by yearend
Ukraine is aiming to attract 7.8 billion U.S. dollars in foreign aid by the end of the year, the Interfax-Ukraine news agency reported Monday,...
Two in court over panic withdrawal of dollars from bank accounts
A blogger and an information technology professional whose activities allegedly caused panic among dollar accounts holders to withdraw their savings have appeared before an...
