This is how the oil crash is hitting emerging-market currencies
INTERNATIONAL – Oil’s plunge has stung currencies across emerging markets, and there’s probably worse to come.
For oil and gas exporters, the impact has been immediate. Even Gulf states with long-standing pegs to the dollar, such as Saudi Arabia, are coming under pressure.
Importers like South Africa and Turkey, whose currencies are close to record lows, haven’t been spared either.
Source: iol.co.za
