Economy of countries all over the world has taken a hit hit from the pandemic lock down which has resulted in currency fall. Its no new that tge Nigeria Naira took a big hit, but Nigeria's naira is not the only currency in Africa get wooped by covid-19.
Surprisingly south Africa took the biggest hit with 20.6% YTD down, This is followed by the Angolan Kwanza which has depreciated by 16.1%YTD. Mauritius Rupee (-8.8% YTD), Nigerian Naira (-6.6%) and Kenyan Shilling (-5.3%YTD) followed in that order. Others include the Tunisian Dinar (-3.8% YTD), Morocco’s Dirham (-2.7% YTD) and the West African Monetary Union’s CFA franc (-2.3% YTD).
Surprisingly south Africa took the biggest hit with 20.6% YTD down, This is followed by the Angolan Kwanza which has depreciated by 16.1%YTD. Mauritius Rupee (-8.8% YTD), Nigerian Naira (-6.6%) and Kenyan Shilling (-5.3%YTD) followed in that order. Others include the Tunisian Dinar (-3.8% YTD), Morocco’s Dirham (-2.7% YTD) and the West African Monetary Union’s CFA franc (-2.3% YTD).