China also encourages and supports the African side in issuing "Panda bonds" denominated in RMB. Taking advantage of China's investment market and foreign exchange reserve advantages provides more diversified financing channels for Africa and avoids exchange rate risks from a single currency. China als...
All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate proced...
“Within the local currency strategy, we find value in countries like Brazil, Hungary, and Mexico for their resilience and prefer frontier markets such as Turkey, Egypt, and Ghana for high yield opportunities. We have a long dollar exposure, versus underweights in Asian (China, Thailand) and ...
In line with global trends, food price inflation remains high in most of Africa, according to the latest World BankFood Security Update. In August 2022,Zimbabwerecorded Africa’s highest food price inflation of 353% (compared to the same month in the prior year), while other countries...
HARARE, Feb. 7 (Xinhua) -- Zimbabwe recorded its highest ever foreign currency receipts of 9.7 billion U.S. dollars in 2021, up by 53.5 percent from a year earlier, Reserve Bank of Zimbabwe (RBZ) said on Monday. In the 2022 monetary policy statement, John Mangudya, governor of the RBZ...
The current account deficit increases vulnerability because it means that South Africa's overall balance of payments is vulnerable to volatile capital inflows, which, if they were to fall, would lead to a sharp currency depreciation.EBSCO_bspAfrica Monitor: Southern Africa...
The currency depreciated from N463.38/$(June 2023) to N1,596.92 as of July 19, 2024. At the parallel market, the naira depreciated to N1,580/$ from 762/$ as of Monday. Last January, the CBN issued a circular that removed the previous cap on exchange rates quoted by IMTOs. ...
Some 12 percent of the world trade volume passes through the man-made canal, which is a major source of hard currency in Egypt. Source(s): Xinhua News Agency
By Currency U.S. Dollar (56.79%) Others (11.19%) Indian Rupee (6.45%) Colombian Peso (5.60%) Euro (3.84%) Brazilian Real (3.78%) Egyptian Pound (3.67%) Kazakhstan Tenge (3.23%) Mexican Peso (3.06%) Malaysian Ringgit (2.40%)Top
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