Angola drops Kwanza trading band, weakening currency
Angola’s central bank stopped using a trading band that kept the kwanza’s value within a fixed ...
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Tag: currency devaluation
Zimbabwe inflation soars to nearly 300%: IMF
Zimbabwe's annual inflation rate soared to nearly 300 percent in August spurred mainly by a collapsing ...
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South Africa’s economy enters 70th month of downward cycle
South Africa’s economy remains stuck in its longest downward cycle since 1945, adding to pressure on ...
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Zambia’s PMI continues to cool in July as GDP growth weakens
Following a marginal recovering in June, the July PMI Index for Zambia was weaker in comparison ...
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Zimbabwe to give Dollar boost as currency woes turn into crisis
Zimbabwe’s dollar shortage is getting worse, but the central bank is going to try to do ...
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Bank of Mozambique holds interest rates steady
The Monetary Policy Committee (CPMO) of the Bank of Mozambique, meeting in Maputo on Thursday, decided ...
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