The depreciation of all domestic currencies in the East African region over the past year has not led — in a defiance of conventional economic theory and expectations of regional economists — to the improvement in trade balances, putting more pressure on foreign exchange rates. The depreciation of a country’s currency is supposed to make […]
“Is it better to deplete the reserves or is it better to depreciate the pound?” The question was raised by Egyptian Investment Minister Ashraf Salman during a conference on Sunday, after the Central Bank announced earlier in the day that the net international reserves have fallen to $18.1billion. According to the Investment Minister, “at this […]
Germany supports the reforms undertaken by Morocco over the past two decades, which have led to significant political, economic and social progress under the leadership of King Mohammed VI, underlined a Joint statement issued on Thursday following video talks between Foreign Minister Nasser Bourita and German Minister for Economic Cooperation and Development, Svenja Schulze. The […]
