Middle East war risks fresh wave of African devaluations

Middle East war risks fresh wave of African devaluations

Rising oil prices could weaken reserves and force fresh devaluations, with Burundi and Malawi among the most exposed currencies.
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Key topics:

  • Middle East conflict may trigger new African currency devaluations.

  • Burundi and Malawi seen as most vulnerable due to low reserves.

  • Oil importers face pressure; exporters could benefit from higher prices.

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By Ray Ndlovu

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