1. Pick two countries from the SADAC region (Southern African Development community) a) compare and contrast the two country’s currency pegs. b) For the 2 countries, discuss the impact of their...

COMPARISON AND CONTRAST OF THE CURRENCY PEGS OF SADAC, EAC AND COMESA
Table of Contents
1. Comparing and Contrasting the Currency Pegs of 2 Countries from the SADAC Region and their Impacts on their Cross-Border Trading    3
2. Comparing and Contrasting the Currency Pegs of 2 Countries from the COMESA Region and their Impacts on their Cross-Border Trading    3
3. Comparing and Contrasting the Currency Pegs of 2 Countries from the EAC Region and their Impacts on their Cross-Border Trading    4
References    5

1. Comparing and Contrasting the Currency Pegs of 2 Countries from the SADAC Region and their Impacts on their Cross-Border Trading
Southern African Development Community includes around 16 southern African countries. Angola and Botswana are the countries selected for the comparison with respect to their currency pegs. Currency pegs are established in order to maintain stable trade relations and currency exchange rates. Angolan kwanza is the currency of Angola and 518 Angolan kwanza equals $1 U.S dollar. Botswana pula is the currency of Botswana and 11.6 Botswana pula equals $1 U.S dollar. 1 Botswana pula equals 43 Angolan kwanza, which is a clear indication that Botswana’s currency has a higher foreign currency rate or Botswana is more economically stronger than Angola.
Further, comparing their...