Risk-off sentiment has already battered the rand, but we think that the Nigerian naira and Angolan kwanza will both fall further later this year when policymakers are forced to accept painful devaluations. The kwanza will probably fall furthest, adding to economic disruptions in Angola.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services