Virus-Stricken African Currencies Are Set for Even More Pain
- Kenya, Angola, Zambia’s currencies have all hit record lows
- Egypt pound increasingly overvalued, rand may get hit further
This article is for subscribers only.
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter
Few emerging-market currencies have been spared as the spread of the coronavirus causes investors to dump riskier assets and the dollar to surge. But Africa has been hit harder than most -- and the signs are there’s worse to come.