Burundi’s forex reserves headache

Traders sell fruits and vegetables on a street in Bujumbura. The inflation rate in Burundi has remained moderate at six per cent, which is below the eight per cent convergence level agreed within the EAC’s regional integration arrangement. PHOTO FILE | NATION

As Burundi grapples with a political crisis that has lasted almost two years now, a shortage of foreign currency is still a major concern for investors in the country.

Burundi imports almost 80 per cent of the manufactured goods it needs, hence the high demand of foreign currency.