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The Conversation
The Conversation
Christopher Adam, Professor of Development Economics, University of Oxford

Foreign exchange: several African countries have a shortage of US dollars - why this happens and how to fix it

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A number of African countries, including Kenya, Egypt, Zimbabwe, Nigeria, Ghana and Zambia, are currently experiencing shortages of US dollars. The dollar is the dominant currency in international transactions. These countries rely on the US currency to pay for foreign debts, essential goods and industrial inputs. Development economist Christopher Adam explains to The Conversation Africa’s George Omondi what causes US dollar shortages and how they can be remedied.

What is a dollar shortage?

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