Ghana is battling its worst economic crisis in a generation, amid a currency crisis that has worsened the nation’s fiscal position. The Ghanaian currency, Cedi, became the worst-performing currency in the world after it lost 45.1 percent of its value to the dollar in 2022. And in Nigeria, the central bank has extended the timeline to swap out its old currency for re-designed notes after the change triggered a cash shortage, forcing businesses to close and leaving millions unable to withdraw their money. What's causing this tumble and what really happens to the old, dilapidated currency notes?

Nigeria & Ghana face currency crisis | Crisis over old currency swap | World of Africa

Continuing its support to the Maldives in times of COVID-19 crisis, New Delhi has activated a currency swap arrangement to help the Indian Ocean Island country to mitigate the impact of COVID crisis.

India activates currency swap to help the Maldives amid COVID-19

India and the Maldives on Monday signed currency swap agreement for $400 million as part of the $1.4 billion economic package announced last year. The package was announced during the visit of Maldivian President Ibrahim Mohamed Solih in December 2018.

India, Maldives sign $400 million currency swap agreement

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