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World Service,1 min

Will devaluing Angola's currency cause prices to rise?

World Business Report

Available for over a year

Decades of dependence on revenues from exports of oil, which is priced in US dollars, has forced Angola to stop pegging its kwanza to the American currency, a move which will probably add to inflation. Marcus Weimer, an independent analyst of sub-Saharan African economies, tells us Angolan consumers will see prices rise, especially for imported goods. (Picture: People shopping at a market in Cabinda, Angola. Getty Images.)

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