BBTV Lawrence Martins

Africa in a pinch due to devaluation and grain price

23 March 2022 - Redactie Boerenbusiness

Due to the war between Russia and Ukraine, the currency markets are in full swing. While the dollar and the Swiss franc have appreciated, the euro is under pressure. Just like the African currencies. In combination with the high raw material prices, according to Laurens Maartens, currency expert at StoneX, this puts considerable pressure on purchasing power in these countries. Maartens also discusses interest rates in the US and Europe.

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