In the News
African Economy - Weak Currencies Drive Up the Cost of Living
![](https://tutor2u-net.imgix.net/user-photos/graham-watson.png?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
15th November 2023
The BBC has this excellent background article about the impact of weak currencies on the cost of living. This is a brilliant real world example, with the falling value of the naira driving up inflation in Nigeria and changing consumption patterns.
However, Nigeria isn't alone: many sub-Saharan African economies have depreciating currencies and this is reducing the purchasing power of consumers and impacting their standard of living.
You might also like
![](https://tutor2u-net.imgix.net/user-photos/gbr_profile.jpg?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
Beyond the Bike - The Importance of Remittances
15th January 2012
![](https://tutor2u-net.imgix.net/user-photos/gbr_profile.jpg?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
Foreign direct investment in Africa
14th November 2014
Challenging times for exchange rates
18th April 2015
![](https://tutor2u-net.imgix.net/user-photos/eventhost-RuthTarrant.png?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
Beyond the Bike Lesson Resources - Exchange Rates
5th November 2015
![](https://tutor2u-net.imgix.net/user-photos/eventhost-RuthTarrant.png?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
Why might the US raise its interest rate?
14th December 2015
![](https://tutor2u-net.imgix.net/user-photos/gbr_profile.jpg?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
Sub-Saharan GDP growth may fall below 2% claims World Bank
30th September 2016
![](https://tutor2u-net.imgix.net/user-photos/gbr_profile.jpg?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
Environmental cost of Kenya's cut flower export industry
14th February 2018