Due – Rayrice Forex News

Importers and exporters warn of looming food shortages due to withdrawal of FX support

The Importers and Exporters Association is warning that food shortages may occur and food prices may increase in the coming days. The warning comes on the back of the Bank of Ghana’s announcement on Sunday, October 30, 2022, to end the provision of fakes for the importation of certain commodities in line with President Akufo-Addo’s … Read more

Airtel Africa’s FY2Q net profit fell 21 percent year-on-year due to forex losses

Bharti Airtel’s Africa business reported a net profit of $152 million in the fiscal second quarter, down 21 percent from a year ago, dragged down by higher finance costs due to higher foreign exchange and equity losses. Net profit for the African business also fell 14.6 percent sequentially. Airtel Africa’s revenue for the quarter ended … Read more

Crypto Exchange Coinbase Shut Down in India Due to ‘Unusual Pressure’ by Central Bank RBI – Bitcoin News Exchange

Nasdaq-listed cryptocurrency exchange Coinbase has stopped operating in India a few days after it was due to “irregular pressure”, said Brian Armstrong, CEO of the Reserve Bank of India (RBI). Coinbase shares experience in India Coinbase Global on Tuesday called on the company to improve its operations in India, especially why it left the cryptocurrency … Read more