Browsing Tag

foreign reserves

2 posts
multiple exchange windows introduced

Naira Rallies, Reserves Climb—So Why a New Exchange Rate Now?

Nigeria’s reserves hit a 17-year high, the naira rallied—yet a new exchange rate quietly emerged. Something doesn’t add up.
reserves held offshore fueling sovereignty

Africa’s Foreign Reserves Parked Abroad Spark a Sovereignty Showdown

Africa’s $270+ billion in foreign reserves sits in Western vaults—offering stability but surrendering control. The sovereignty cost may finally outweigh the safety net.