1 “... exchange rate was broadly stable in 2013 and a nominal appreciation against the South African rand helped...”

2 “... rate appreciation, led to a steep fall in inflation to 6.3 percent (year-over-year) in January 2018...”

3 “.... However, the exchange rate has been re-pegged since April 2016 leading to an appreciation of the kwanza...”

4 “... appreciation of around 3 percent in 2025 and 2 percent in 2030. It would lead to an increase in employment...”

5 “... dollar appreciation have negatively impacted the Senegalese economy. Add to that, multiple challenges...”

6 “... appreciation have negatively impacted the Senegalese economy. Moreover, multiple challenges are facing...”

7 “... appreciation. The EFF/ECF-supported program will help meet Senegal’s protracted balance of payment needs...”

8 “... appreciation. The EFF/ECF-supported program will help meet Senegal’s protracted balance of payment needs...”

9 “... system. The Executive Board has appreciated Namibia’s strong macroeconomic performance...”