| One minute you're hot, the next you're not. That sums up the situation many African currencies are in. Ghana, Uganda, Angola and Tanzania are among the countries which have seen their currencies tumble to fresh lows against the dollar this week, as investors - who have flocked to the continent in recent years - pare their bets.
Here's a quick snapshot of some of the worst performers in 2015: The Ghanian cedi is down 24 per cent this year. The Tanzanian shilling is 21 per cent weaker. The Angolan kwanza has fallen 12 per cent. Other currencies have also been hit, with the South Africa rand falling to a record low last week and the Nigerian naira not far from an all-time low reached earlier in February following an official devaluation last year...............................................Full Article: Source
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