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Sub-Saharan Africa

Sub-Saharan African currencies have plunged 8% in one year amidst soaring public debts and global uncertainties: IMF

Sub-Saharan African currencies have plunged 8% in one year amidst soaring public debts and global uncertainties: IMF

The depreciation has contributed to rising inflation in the region. Notably, inflationary pressures do not decline when local currencies strengthen against the US dollar, IMF says.
Ogechi Nelson May 24, 2023

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