7 of the worst performing currencies in Africa in 2022

Every week, Steve Hanke, a Professor of Applied Economics and Director of the Troubled Currencies Project in the United States, publishes Hanke’s currency watchlist, a group of currencies that have depreciated by at least 20% against the dollar since January 2020.

Hanke, a professor at Johns Hopkins University, explains that the currencies of the countries on his list have suffered massive devaluations against the US dollar since January 2020.

Hanke’s currency watchlist below shows the ranking order of inflation rates and currency devaluations of countries. Indeed, inflation rates and currency devaluations come together at the hip like conjoined twins.