The US dollar is getting stronger
- Author
- CRA GROUP
- Published
- Fri 25 Nov 2022
- Episode Link
- https://theconversation.com/the-us-dollar-is-getting-stronger-african-countries-are-feeling-the-pain-and-have-few-policy-options-195023
The US dollar has been advancing rapidly in response to the Federal Reserve’s resolve to keep raising policy rates for longer to regain control of stubbornly high inflation. This has far reached consequences. The US dollar is prominently used around the world as an international medium of exchange and as a global reserve currency.
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