Five African currencies with the biggest declines amid Middle East war

Businessday | 12-04-2026 07:26am |

The escalation of tensions between the United States and Iran sent global oil prices surging by more than 50 percent as of late March, triggering a wave of currency volatility across African markets. At least 29 African currencies have weakened, according to a joint assessment by the African Union and the African Development Bank, amplifying

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