Since China’s devaluation of the yuan last month, an estimated $5tn has been wiped off global stock markets.
Jolting financial markets, emerging and developing nations have been the hardest hit and have seen their currencies fall to multi-year lows.
Albert Essien, the CEO of the pan-African bank EcoBank, joins the programme to discuss the impact on African economies.
Source:: Al Jazeera
The post China’s currency wars rattle African economies appeared first on African Media Agency.
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