#inflation-control

#inflation-control

A strong or stable national currency plays a crucial role in fostering economic resilience. By curbing inflation, boosting investor confidence, and reducing the cost of imports, a strong currency can significantly influence a nation's economic landscape. Recent trends in South Africa and the CFA franc zone illustrate how robust currency positions can benefit African countries. In mid-August, the South African Rand saw remarkable strength, reaching a nine-month high of approximately 17.45 per US dollar.

The fall in energy prices has helped to keep a lid on inflation, which has surged in other areas.