『The Dollar's Grip: Africa's Path to Economic Sovereignty』のカバーアート

The Dollar's Grip: Africa's Path to Economic Sovereignty

The Dollar's Grip: Africa's Path to Economic Sovereignty

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The US dollar's dominance profoundly impacts African economies, driving inflation, escalating debt burdens, and hindering local businesses as currencies weaken. This reliance limits monetary policy autonomy and amplifies external shocks.

While a complete break from the dollar isn't feasible short-term, Africa is strategically pursuing de-dollarization through initiatives like the African Continental Free Trade Area (AfCFTA) and the Pan-African Payment and Settlement System (PAPSS) to boost intra-African trade in local currencies, promote domestic financing, and diversify global partnerships, aiming for greater economic resilience and control over its financial future.

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