In a months before to a move, it cost as most as 50 percent some-more to buy a banking on a travel than during a executive bank rate.
The cost to buy a U.S. banking in unregulated trade in Egypt keeps rising even after a executive bank devalued a bruise 3 times final year.
Nondeliverable forwards envision a naira will dump another 30 percent from a executive rate to 288 in 12 months, coming a black marketplace turn that exceeds 300 per dollar.
The executive bank let a kwanza decrease 24 percent in 2015 and another 15 percent final month. But that might not be enough, with hawkers offered a banking during a reward of 136 percent to a executive rate during 161 Friday.
The executive bank let a sell rate slip 13 percent in 2015, compared with drops of 20 percent for a ruble and 46 percent for a tenge.
Article source: http://www.dailystar.com.lb//Business/International/2016/Feb-16/337404-five-countries-squeezed-by-currency-pegs.ashx