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Flat to falling prices coupled with inflation elsewhere and a lower exchange rate have turbocharged China’s export boom.

In a written reply in the Lok Sabha, minister of state for finance Pankaj Chaudhary also said spill-overs from geo-political tensions, aggressive monetary policy tightening across the world and recent surge in crude oil prices are some of the factors exerting pressure on the rupee against the dollar.

Besides, the European Central Bank's decision to leave the benchmark interest rate unchanged also came on expected lines, they said.

Figures released by NBR, show that the Rwandan franc depreciated by 8.8 percent against the dollar in the first six months of 2023.

Since 2012, with the return of peace after a period of civil conflict that lasted from 2002 to 2011, Côte d’Ivoire has been one of the fastest-growing economies in sub-Saharan Africa with real GDP growth averaging 8.2%. But the economic fallout from the war in Ukraine has dealt a blow to developing countries already reeling from the COVID-19 pandemic and the global rise in food prices. However, Côte d’Ivoire has shown remarkable resilience in the face of successive shocks.