Weak exchange rate makes imports expensive
Published on: Monday 15 May 2023
As R/USD reaches about 19 Namibia's import bill averaged N$10.3 billion in the first quarter of 2023. Phillepus Uusiku A weak exchange rate makes imports expensive, while exports become cheap, according to economic theory.In addition, a strong exchange rate makes imports cheap and exports expensive. An exchange rate is one currency expressed in terms of another.Fin24 recently reported that on Friday morning, the rand was in free fall, hitting a...
News source: https://www.msn.com/en-za/news/other/weak-exchange-rate-makes-imports-expensive/ar-AA1bdfWL
