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  • Africa’s PetroCurrencies Hit by Low Oil Prices

    Africa’s PetroCurrencies Hit by Low Oil Prices

    Sunday, 10th January 2016
    Africa's petrocurrencies have been hit by low oil prices, plaguing economies of Angola, Nigeria, and Algeria, most notably. Angola’s currency fell to an all-time low, Nigeria has imposed strict capital controls, and Algeria is looking at cutting subsidies to face economic difficulties.