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0 sats \ 0 replies \ @KenyaCoin OP 17 Dec 2022 \ on: Payments company Wise suspends Ghana cedi transfers amid volatility bitcoin
Wise (formerly Transferwise) is one of the more popular payment methods used for trading bitcoin person-to-person (P2P).
Ghana has been facing a severe economic crisis that triggered a restructuring of its local debts last week. The country also announced a deal with the IMF for a $3 billion bailout.
Ghana inflation rate jumps to 50.3% in November 2022 https://nairametrics.com/2022/12/14/breaking-ghana-inflation-rate-jumps-to-50-3-in-november-2022/
The currency strengthened to 9.5 to the dollar in a fourth straight session of gains, though is still down nearly 40% since the start of the year, Refinitiv data showed.
Ghana cedi firms more than 12% after $3 bln IMF staff level agreement https://www.reuters.com/world/africa/ghana-cedi-firms-more-than-12-after-3-bln-imf-staff-level-agreement-2022-12-14/
Yes, you might say the exchange rate has been volatile lately:
https://i.postimg.cc/gjwKyjfB/Screenshot-at-2022-12-17-02-12-26.png
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