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Tag Archives: currency

20 years on, euro has yet to tap its int’l potential

Frankfurt, Germany | Xinhua | The euro, a currency shared by 19 European countries, has won overwhelming support among the 340 million Europeans since it went into circulation 20 years ago. The idea of a single currency for Europe, which originated in 1970 when policy makers in Europe hoped to achieve …

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MPs, landlords disagree over rent payment currency

Kampala, Uganda | THE INDEPENDENT | Members of Parliament have disagreed with members of the Landlord and Developers Association over the currency of rent payment, with MPs standing their ground on the Uganda shilling. The association led by its chairperson, Godfrey Kirumira, had appealed to the Committee on Physical Infrastructure to …

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One arrested in Mbarara for dealing in counterfeit currency

Mbarara, Uganda | THE INDEPENDENT | The police in Mbarara have arrested a man for allegedly dealing in fake currencies. Godfrey Kazinda was arrested on Thursday and found with fake 46,200 US Dollars and 2.5 million Shillings. The Rwizi Region Police Spokesperson Samson Kasasira, says Kazinda was arrested last year in …

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W.African anglophone states criticise move to rename CFA

Abuja, Nigeria | AFP |  English-speaking West African countries on Thursday criticised a move to rename the CFA franc used by former French colonies, saying the move jarred with plans to introduce a region-wide currency of the same name. Members of the West African Monetary Zone (WAMZ) Convergence Council said …

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