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Nigeria’s foreign currency supply will grow slowly

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NIGERIA

The move has resulted in official rates depreciating sharply and converging with the parallel market rate; the spread has narrowed to just 16%. The change in policy means that the…

Turkey’s currency is likely to depreciate in 2023

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TURKEY

The stability of the lira since June 2022 is primarily a result of President Recep Tayyip Erdogan’s government shoring up the currency despite cutting interest rates. The…

Lebanon risks hyperinflation and forced dollarisation

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LEBANON

It highlighted how the severe, three-year crisis has been deepened by “a failure to take much needed policy action” and “resistance from vested interests to reforms”. It also…

Sudan's economic recovery will require broader reform

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SUDAN

Despite hopes that the revocation of US sanctions in October would ease economic hardships, the economy is struggling. Efforts to attract new investments have enjoyed little…

Politics may compound Sudan’s economic crisis

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SUDAN

This follows a major devaluation of the Sudanese pound in early October, which the government hopes can stabilise runaway inflation and lure foreign currency back into circulation…

Iran’s elite economic blame-game carries risks

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IRAN

IRAN: Elite economic blame-game carries risks

Libyan unity government should ease economic pressures

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LIBYA

The economy has faced major challenges recently: recurring disruptions to the oil and gas sector, state fragmentation and war between the government in Tripoli and the armed…

Tax shifts may mar agriculture outlook in Argentina

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ARGENTINA

High export taxes on the soya complex have encouraged farmers to shift to corn. Rising export earnings will help to strengthen international reserves and tax revenues. Argentina’s…

Iran’s new president has few viable economic options

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IRAN

He promised not to borrow any more from the central bank; to consider revising the official exchange rate; and to amend the budget bill to address the mounting deficit, projected…

Inflation adds to Brazil’s multiple economic woes

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BRAZIL

This is close to the ceiling of the target band of 2.25-5.25% set for this year. In response, the Central Bank last week raised its benchmark interest rate from a record low of…