CFA-Francs

Egypt increases by 75 % salaries of front-liners fighting Coronavirus

Egypt Sunday decided an increase by 75 per cent of allowances of Egyptians working at the frontline of the fight against Coronavirus. The decision came in appreciation of the efforts of the workers in the medical field as they strive to contain the outbreak, Egypt Today reports. In addition to the 75 per cent increase, […]

Tunisia: Macron Pledges Additional €227 Million Support

France would provide Tunisia with more than €227 million in new financing as the North African nation faces it worst economic crisis since the fall of its longtime strongman Zine el-Abidine Ben Ali. According to Paris, the support, announced during a visit to Tunis by French President Emmanuel Macron, includes €177 million in loans for […]

Libya: Major crisis at the head of the Central Bank causes the dinar to fall against the dollar

The political deadlock in Libya continues, with the country facing a major crisis following the Libyan Presidential Council’s decision to dismiss Central Bank Governor Al-Siddik al-Kabir over a month ago. The Council’s move to appoint a new Governor and Management Committee has intensified divisions within the country, as this authority lies with Parliament and the […]