{"id":15141,"date":"2020-02-12T07:27:10","date_gmt":"2020-02-12T07:27:10","guid":{"rendered":"https:\/\/www.iwacu-burundi.org\/englishnews\/?p=15141"},"modified":"2020-02-14T13:17:58","modified_gmt":"2020-02-14T13:17:58","slug":"economy-expert-concerned-over-closure-of-all-forex-offices","status":"publish","type":"post","link":"https:\/\/www.iwacu-burundi.org\/englishnews\/economy-expert-concerned-over-closure-of-all-forex-offices\/","title":{"rendered":"Economy expert concerned over closure of all forex offices"},"content":{"rendered":"<p>Jean Prosper Niyoboke, expert in economy says the decision taken by Burundi Central Bank to close all foreign currency offices will have no impact on the Burundian economy if the government is ready to supply enough foreign currencies as the forex offices did to satisfy their clients. \u201cThe exchange rate will be stable and prevent Burundian francs from being depreciated,\u201d he says.<\/p>\n<div id=\"attachment_7655\" style=\"width: 469px\" class=\"wp-caption alignleft\"><img aria-describedby=\"caption-attachment-7655\" decoding=\"async\" loading=\"lazy\" class=\" wp-image-7655\" src=\"https:\/\/www.iwacu-burundi.org\/englishnews\/wp-content\/uploads\/2018\/01\/Jean-Prosper-Niyoboke.jpg\" alt=\"\" width=\"459\" height=\"346\" srcset=\"https:\/\/www.iwacu-burundi.org\/englishnews\/wp-content\/uploads\/2018\/01\/Jean-Prosper-Niyoboke.jpg 2048w, https:\/\/www.iwacu-burundi.org\/englishnews\/wp-content\/uploads\/2018\/01\/Jean-Prosper-Niyoboke-300x226.jpg 300w, https:\/\/www.iwacu-burundi.org\/englishnews\/wp-content\/uploads\/2018\/01\/Jean-Prosper-Niyoboke-768x579.jpg 768w, https:\/\/www.iwacu-burundi.org\/englishnews\/wp-content\/uploads\/2018\/01\/Jean-Prosper-Niyoboke-1024x773.jpg 1024w, https:\/\/www.iwacu-burundi.org\/englishnews\/wp-content\/uploads\/2018\/01\/Jean-Prosper-Niyoboke-600x453.jpg 600w\" sizes=\"(max-width: 459px) 100vw, 459px\" \/><p id=\"caption-attachment-7655\" class=\"wp-caption-text\">Jean Prosper Niyoboke: \u00ab if the government fails, the decision will hamper all business activities\u201d<\/p><\/div>\n<p>He, however, says if the government fails, the decision will hamper all business activities. \u201cBusiness people will hardly have enough foreign currencies to import their goods,\u201d he says adding that foreign currency offices were supplied from different sources.<\/p>\n<p>He also mentions the little interest of the foreign currencies these days due to the coronavirus outbreak in China. \u201cFew people fear to demand foreign currencies as they aren\u2019t allowed to travel to China to import,\u201d he says.<\/p>\n<p>Jean Prosper Niyoboke says speculation should also occur if the government fails to supply enough foreign currency. \u201cIf there is a high demand of foreign currencies, dealers will speculate on the price,\u201d he says.<\/p>\n<p>On February 10,<a href=\"https:\/\/iwacu.global.ssl.fastly.net\/englishnews\/burundi-central-bank-closes-all-foreign-currency-exchange-offices\/\"> Burundi Central Bank decided to close all foreign currency offices operating in Burundi<\/a> over the violation of the exchange rate. Forex offices established by commercial banks will only authorize to deal foreign currencies.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jean Prosper Niyoboke, expert in economy says the decision taken by Burundi Central Bank to close all foreign currency offices will have no impact on the Burundian economy if the government is ready to supply enough foreign currencies as the forex offices did to satisfy their clients. \u201cThe exchange rate will be stable and prevent [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":15142,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8,670],"tags":[735,113],"_links":{"self":[{"href":"https:\/\/www.iwacu-burundi.org\/englishnews\/wp-json\/wp\/v2\/posts\/15141"}],"collection":[{"href":"https:\/\/www.iwacu-burundi.org\/englishnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iwacu-burundi.org\/englishnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iwacu-burundi.org\/englishnews\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iwacu-burundi.org\/englishnews\/wp-json\/wp\/v2\/comments?post=15141"}],"version-history":[{"count":1,"href":"https:\/\/www.iwacu-burundi.org\/englishnews\/wp-json\/wp\/v2\/posts\/15141\/revisions"}],"predecessor-version":[{"id":15143,"href":"https:\/\/www.iwacu-burundi.org\/englishnews\/wp-json\/wp\/v2\/posts\/15141\/revisions\/15143"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iwacu-burundi.org\/englishnews\/wp-json\/wp\/v2\/media\/15142"}],"wp:attachment":[{"href":"https:\/\/www.iwacu-burundi.org\/englishnews\/wp-json\/wp\/v2\/media?parent=15141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iwacu-burundi.org\/englishnews\/wp-json\/wp\/v2\/categories?post=15141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iwacu-burundi.org\/englishnews\/wp-json\/wp\/v2\/tags?post=15141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}