Mon. Dec 4th, 2023

African currencies lead declines versus dollar this year Those with adequate reserves, low debt most attractive
African governments are scrambling for dollars, and that’s creating a new dividing line for investors.

Amid a deepening shortage of hard currency on the continent, governments are turning to bartering, currency devaluations, central bank exchange controls, and help from the International Monetary Fund and Middle East to shore up their balance sheets.

By Joy

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