Thursday 7 December 2023
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herald - 17 days ago

Dollar scarcity pushes African states into crises

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. Investors are rewarding nations whose efforts to boost dollar liquidity are paying off. But they’re punishing those that [ ]


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