African Nations Grapple with Significant Currency Declines in New Report
African Currency and Trade Dynamics: A Comprehensive Overview
In May 2025, nearly half of the currencies across the African continent experienced depreciation. This trend highlights persistent foreign exchange pressures, underscored by a range of ongoing reforms and stable economic growth. Insights gleaned from the African Export-Import Bank’s Monthly Developments in the African Macroeconomic Environment report, published in June 2025, illuminate this complex landscape.
The bank's…