MENA Currency Roundup: Higher Geopolitical Risks Will Drive Currency Volatility
Country Risk / Tunisia / Fri 19 Apr, 2024
We retain our mixed short-term outlook for the currencies that we cover in the Middle East and North Africa (MENA) region. All of the MENA currencies we track closely have weakened so far this year, albeit to different degrees (see chart below).
In Israel, the ongoing war in Gaza and rising tensions with Iran led to a nearly 5.0% depreciation