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African nations chase away the almighty dollar
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Letsbereal
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Know Thyself
African nations chase away the almighty dollar
«
on:
August 13, 2012, 02:01:44 PM »
African nations chase away the almighty dollar - Governments, looking to boost local currencies, impose penalties for dollar use
13 August 2012
, by Patrick McGroarty (MarketWatch)
http://www.marketwatch.com/story/african-nations-chase-away-the-almighty-dollar-2012-08-13
Starting next year, Angola will require oil and gas companies to pay tax revenue and local contracts in kwanza, its currency, rather than dollars. Mozambique wants companies to exchange half of their export earnings for meticais, hoping to pull more of the wealth in vast coal and natural-gas deposits into the domestic economy. And Ghana is seeking similar ways to reinforce “the primacy of the domestic currency,” after the cedi plummeted more than 17% against the dollar in the first six months of this year
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->>>|:-) THE CITY INDIANS (-:|<<<-
bento
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Re: African nations chase away the almighty dollar
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Reply #1 on:
August 13, 2012, 03:00:59 PM »
Time to send in the jackals? You know they are still pushing commercials for Kony 2012?
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We are all the sum of our tears. Too little and the ground is not fertile, and nothing can grow there. Too much and the best of us is washed away.
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