All economic information of African countries
The idea of freeing itself from the US dollar is not new in Africa, but it has gained ground in recent years. In a context marked by high volatility of local currencies, constraints on access to financing in hard currencies and a persistent dependence on imports denominated in dollars, the issue deserves an in-depth analysis. And if abandoning the greenback is more complex than it seems, alternatives have emerged in recent years on the continent.
South Africa has been one of the African countries worst affected by the coronavirus pandemic. While the health crisis has led to a general slowdown in the Rainbow Nation's economy, sectors like agriculture continue to show resilience.
