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Zimbabwe Limits USD Outflows for Departing Residents to $2,000

Zimbabwe Limits USD Outflows for Departing Residents to $2,000

The Reserve Bank of Zimbabwe (RBZ) has imposed a new limit on the amount of U.S. dollars that travelers can carry out of the country. Under the rev...
Court Orders New York Man to Pay $36M for Forex, Digital Asset Fraud

Court Orders New York Man to Pay $36M for Forex, Digital Asset Fraud

William Koo Ichioka has been ordered to pay over $36 million after admitting to a forex and digital asset fraud scheme. His scam, which started in ...
Zimbabwe’s Gold-Backed Currency Sees Gains, but US Dollar Remains Dominant

Zimbabwe’s Gold-Backed Currency Sees Gains, but US Dollar Remains Dominant

Zimbabwe’s gold-backed currency, the ZIG, has seen a significant increase in usage since its introduction in April. While the U.S. dollar remains t...
$2.3 Billion in Dollar, Euro Bills Shipped to Russia Despite Ban

$2.3 Billion in Dollar, Euro Bills Shipped to Russia Despite Ban

Despite Western restrictions imposed after Russia invaded Ukraine, billions of dollars and euros in banknotes have flowed into the country. This su...
Ghana Launches Centralized Online Foreign Exchange Trading Platform

Ghana Launches Centralized Online Foreign Exchange Trading Platform

The Bank of Ghana has recently launched a centralized online foreign exchange trading platform. This platform aims to enhance secure and efficient ...