Kenya wants to keep the shilling’s value artificially high, but it will soon realise that foreign currency reserves, used for intervention, are not limitless
Rigor acadêmico, estilo jornalístico
Todos os artigos de Foreign exchange controls
Exibindo todos artigos
The system’s promoters must figure out how to compensate the African countries that run trade surpluses.
Nigeria’s new foreign exchange policy promises to discourage rent-seeking, attract foreign investment, boost exports and prevent the dollarisation of the economy but consistency is key to success.
Slow growth of exports and tourism and a resurgence of global inflation have created dollar shortages in some African economies.
A radical tightening of exchange controls against corporations and wealthy individuals offers a short-term solution to South Africa’s balance of payments crisis.
