In the News

African Economy - Weak Currencies Drive Up the Cost of Living

15th November 2023

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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.

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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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African Economy - Weak Currencies Drive Up the Cost of Living

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African Economy - Weak Currencies Drive Up the Cost of Living

Graham Watson

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