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RSS FeedsCedi-Heads-For-25th-Straight-Annual-Drop-Against-US-Dollar
(WorldNews Business)

 
 

8 december 2019 16:35:52

 
Cedi-Heads-For-25th-Straight-Annual-Drop-Against-US-Dollar
(WorldNews Business)
 


The cedi is headed for its 25th straight year of depreciation against the dollar as government’s fiscal challenges erode investor confidence in the currency of the world’s second-biggest cocoa producer. The cedi is down 13% so far in 2019, according to data compiled by Bloomberg, poised for the worst decline since 2015, when it slumped 18%. It has declined...


 
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