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Scoop.it!
As the price of basics soars, African governments are intervening to support local currencies. 
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Scoop.it!
Country unveils new banknote as currency plummets with inflation on course to 130%
Graham Watson's insight:
The impact of inflation on the value of the Argentinian peso has been made clear as the country has unveiled a 2,000 peso note worth $8.50 at official exchange rates and $4 in the most commonly used parallel markets.
It highlights how inflation, of nearly 100%, and soon to be 130%, according to many commentators erodes the purchasing power of a currency.
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How frustrating! I've just taught this to one Year 13 group, and now the BBC comes along with the perfect article about the impact of weak currencies on the cost of living. This is a brilliant real world example, with the falling value of the naira driving up inflation in Nigeria and changing consumption patterns.
However, Nigeria isn't alone: many sub-Saharan African economies have depreciating currencies and this is reducing the purchasing power of consumers and impacting their standard of living.