The Angolan Kwanza is the official currency of Angola. It was introduced in 1999, replacing the previous currency, the Angolan Escudo. The Kwanza is subdivided into 100 smaller units called "Lwei". The currency is issued by the National Bank of Angola and its value is determined by the foreign exchange market. The Kwanza has faced challenges over the years due to factors such as inflation, political instability, and a reliance on oil exports. However, efforts have been made by the gove
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Governance and regulation of financial institutions is a topic that involves the principles, rules, and practices that guide and oversee the conduct and performance of financial institutions, such as banks, insurance companies, and other entities that provide financial services. Governance and
The Singapore stock market started the week on a positive note, as the Straits Times Index (STI) rose 0.4% to close at 3,246.77 points on Monday, January 8, 2024. The STI was boosted by gains in the banking, real estate, and consumer sectors, as well as optimism over the global economic recovery and
The Cypriot Pound was the official currency of Cyprus until it was replaced by the Euro in 2008. Its history dates back to 1879 when it was introduced by the British colonial authorities. Over the years, the Cypriot Pound underwent several changes, including a devaluation in 1964 due to political instability. Despite this, it remained a stable currency until the country's entry into the European Union in 2004, which paved the way for its eventual replacement by the Euro. Today, the Cypriot
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