Summary
It is generally agreed by economists and finance specialists that the 21st century is Africa’s century. Growth in the continent now averages 6% over the last five years. It is believed that for Africa’s development to be sustainable, the largest economies in the four main regional blocs (that is Egypt, Kenya, Nigeria and South Africa) have to be stable economically. The stability of a currency is one attribute of a stable economy. A lot, therefore, can be said about the stability of a country by examining the stability of its currency. Factors contributing to the strength of a country's currency might ...