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
The system’s promoters must figure out how to compensate the African countries that run trade surpluses.
China and the U.S. compete to be the world’s largest economy, but the dollar dominates the yuan as a currency.
peng song/Moment Collection/Getty Images
Despite China’s economic power, the yuan lags as a major global currency. Here’s why current US interest rates and sanctions on Russia may change that.
Slow growth of exports and tourism and a resurgence of global inflation have created dollar shortages in some African economies.
A January 2012 demonstration against the removal of petroleum subsidies in the northern Nigerian city of Kano.
LPhoto credit should read
Pius Utomi E/kpeiAFP via Getty Images)
Zimbabwe wants to issue a sovereign bond to raise $3.5 billion it has agreed to pay as compensation to white farmers, but the economic and political conditions aren’t conducive to such an issuance.