Trump’s Dollar Boom Spells Doom for Zambia’s Recovery

Zambia’s central bank governor, Denny Kalyalya, is sounding the alarm about the strengthening U.S. dollar’s impact on Zambia’s economy. A stronger dollar, fueled by Donald Trump’s election victory, could lead to decreased capital flows, increased inflation, and reduced access to cheaper financing, the central bank argues. This is particularly concerning for Zambia, which is still … Read more

Russia, India, Africa Advance Bold Plans to Sideline US Dollar

Russia, India, and several African nations are accelerating dedollarization, embracing national currencies in trade to enhance economic independence and reduce reliance on the U.S. dollar. Global Trade Gets a Shake-Up as Powers Pivot from the US Dollar Russia, India, and numerous African nations are advancing their use of national currencies in trade, a strategy that … Read more

African Payment System Gets Banker’s Endorsement, but Viability Questions Linger

The Pan-African Payments and Settlements System aims to formalize $50 billion in informal trade and save the continent $5 billion in processing costs. Boosting Local Currencies Africa’s recently launched Pan-African Payments and Settlements System (PAPSS) could potentially bring $50 billion of informal trade into the formal economy, Tunde Macaulay, head of Africa and offshore regions … Read more

Analysts Predict Euro to Slide to Parity With US Dollar Under Trump’s Second Term

Donald Trump’s return to the White House may lead to the euro trading at par with the U.S. dollar. Diverging Interest Rate Policies Donald Trump‘s recently confirmed return to the White House is likely to result in the European Union’s currency, the euro, trading at par with the U.S. dollar by year-end, according to predictions … Read more