n AfricaGrowth Agenda - Currencies of the sane economies during the first half of 2012

Volume 2012, Issue 10
  • ISSN : 1811-5187


The four economies in Africa with developed stock markets are South Africa, Algeria, Nigeria and Egypt (SANE). They contribute over 50% of Africa's total gross domestic product and nearly half of the continent's exports, imports, foreign direct investments and foreign reserves. The per capita income of the SANE economies collectively is three times more than that of the rest of the continent (Kasende et al, 2007). The above-mentioned characteristics form part of factors that put the group of SANE economies above other African countries in terms of competitiveness, which in turn, accounts for the relative strength of their domestic currencies. This article provides a brief discussion of trends in the value of the domestic currencies of the SANE economies during the first and second quarters of 2012.

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