foreign currency
Coverage of foreign currency in the Nexus archive.
- How oil price volatility continues to influence Nigeria’s economic outlook
Oil price volatility affects Nigeria’s economy primarily through the exchange rate. Higher oil revenues boost foreign currency inflows, supporting the naira and enhancing foreign exchange market liquidity.
- In first since 2022, Bank of Israel buys foreign currency to stem sharp shekel gain
The Bank of Israel purchased $801 million in foreign currency to address a sharp rise in the shekel, which reached a 33-year high against the dollar. The move aims to prevent potential layoffs and relocations by tech firms due to economic concerns.
- Senior CIA official accused of stealing $40m in gold bars from agency
David Rush, a senior CIA official, is accused of stealing $40 million in gold bars and $2 million in foreign currency. His trial was postponed, and he remains in custody in Virginia.
- US: Former CIA officer charged with stealing gold bars from government
A former CIA official with top secret clearance is accused of stealing millions worth of gold bars from the US government and hiding them at home. Investigators also discovered foreign currency and luxury watches during the case.
- F.B.I. Arrests C.I.A. Official With $40 Million in Gold Bars in His Home
The FBI arrested a CIA official who was found to have $40 million in gold bars at his home. Court documents state the CIA was unable to locate the gold bars or significant amounts of foreign currency.