Currency Devaluations Hit Egypt and Nigeria Hard

Egyptians Are Buying and Selling Gold Just to Stay Afloat

https://www.nytimes.com/2024/03/05/world/middleeast/egypt-economic-crisis-gold-price.html

Clamor for the precious metal is growing as the buying power of the country’s currency plunges in value against the dollar, and inflation eats away at savings.

 

Africa’s largest economy is battling a currency crisis and soaring inflation

https://www.cnbc.com/2024/02/21/africas-largest-economy-is-battling-a-currency-crisis-and-a-crumbling-economy.html

 

Nigerian Naira’s Plunge Nearly Wiped Out MTN’s Profit Last Year

https://www.bloomberg.com/news/articles/2024-03-01/mtn-says-profit-to-plunge-as-much-as-90-due-to-nigeria-currency