Emerging Markets Update: Cote d’Ivoire, Zambia & Zimbabwe

Cote d’Ivoire

Ahead of the 31st October presidential election, violent clashes have continued between supporters and opponents of President Alassane Ouattara with at least 10 people losing their lives in the protests.

Zambia The country has seen its rating from S&P cut to selective default following the nation admitting it couldn’t fund repayments

Zimbabwe Inflation in Zimbabwe is expected to slow more than halving the central bank’s previous forecast of 300% | A document published by the finance ministry is projecting prices increases to dip to 134% in 2020. To discuss how the above may affect your money transfer requirements, please contact your Currency Dealer at Heritage Pay on +44 (0) 207 117 2934.

None of the information in this article is, nor should be construed as, financial advice. All foreign exchange transactions involve risk and you should always seek your own independent financial advice before entering into any foreign exchange transaction.