Central

Should Bitcoin Replace Currency of Central Banks?

Should Bitcoin Replace Currency of Central Banks?

Distinction between Bitcoin and Currency of Central Banks What is the difference between central bank authorized currency and Bitcoin? The bearer of central bank authorized currency can merely tender it for exchange of goods and services. The holder of Bitcoins cannot tender it because it is a virtual currency not authorized by a central bank. …

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The Proposed Islamic Banking By Central Bank of Nigeria – The Way Forward

The Proposed Islamic Banking By Central Bank of Nigeria – The Way Forward

The Banking institution is a place where individuals or corporate organizations alike deposit their money for personal or business transactions for the purpose of savings, current or fixed transactions that would yield profit over a particular period of time. Nigeria as one of the growing economies of the world has taken the right step to …

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When Ghana’s Central Bank Cracked the Whip Amidst An Unstable Sector With Too Many Banks

When Ghana’s Central Bank Cracked the Whip Amidst An Unstable Sector With Too Many Banks

[adinserter block=”2″] Ghana’s Central Bank continues in its effort to sanitize the banking sector. Notably, among some obvious sanctions it has carried out has been the mandatory takeover of two privately-owned banks: Capital bank and UT bank back by the state-owned Ghana Commercial Bank under the authorization of the Bank of Ghana in 2017. Other …

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