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Why it is not Advantageous to Use the US Dollar for International Trade in Africa

As the global economy sinks into another period of crisis, one indicator is shooting upwards: the value of the US dollar. With about 50% of all international trade invoiced in dollars, a stronger greenback hurts consumers across the world – including in Africa. The worst-hit currency on the continent is the Ghanaian cedi, which has lost 40% of its value against the dollar so far in 2022, according to data on indicative rates supplied by Refinitiv. The SA rand is another major currency under pressure amid faltering investor confidence. The rand has been on a declining trend against the US dollar for several years and has depreciated by 9% so far in 2022. African countries that lack a strong commodity export base are in an exposed position. The Kenyan shilling, for example, has seen its indicative value decline by 6% so far this year. Nigeria’s complicated system of multiple exchange rates makes it difficult for businesses and individuals to access dollars, particularly in times of economic stress. Of all Africa’s major currencies, only the Zambian kwacha has had a good year against the dollar, gaining 6% so far in 2022. For African policymakers seeking to manage currency risks, there is no easy way out of the cycle of crisis.

The new payment systems launched this year – the PAPSS, which is piloting in West Africa, and the TCIB in the SADC countries – are both designed to ensure that payments can be made directly between African national currencies, thus sidestepping the US dollar (or British pound or Euro).

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Dikonketso

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  1. Mancubus0coero on Oct 6, 2024 at 7:48 am

    fan balancing

    Understanding Fan Balancing

    Fan balancing is an essential process that ensures the proper functioning and longevity of various devices such as crushers, fans, and turbines, which rely on rotor assemblies. The Balanset-1A portable balancer, specifically designed for dynamic balancing in two planes, exemplifies the advancements in fan balancing technology. With applications spanning from agricultural combines to industrial turbines, the Balanset-1A demonstrates a comprehensive approach to achieving vibration-free performance.

    It is imperative to understand that fan vibration is critical in assessing the overall quality and condition of fan units. High levels of vibration can indicate not only installation issues but also degradation in technical performance. Therefore, measuring fan vibration is crucial during acceptance tests, pre-commissioning phases, and ongoing machine condition monitoring practices.

    Importance of Vibration Measurements
    According to established standards such as ISO 31350-2007, vibration measurements are necessary to understand the operational risks associated with fans. Measurements should be carried out with defined methodologies to ensure reliability and accuracy. Vibration that surpasses normal levels can signal fan malfunction and merits thorough investigations.

    Vibration measurements can be costly, sometimes exceeding the cost of the fan itself. Hence, the focus should be on specific vibration parameters that are reliably indicative of fan health and operational integrity. Measuring at designated support points is often sufficient to assess the fan’s vibrational state without incurring unnecessary expenses.

    Fan Support and Installation Factors
    The performance of a fan is significantly influenced by its support system. Fan supports can be categorized into compliant and rigid types, with differing natural frequencies affecting how vibrations propagate through the structure. A compliant support system often involves elastic elements that reduce vibrations transmitted through the base, while rigid systems require careful assessment of the stiffness relative to the operational frequencies of the fan.

    Understanding the installation factors, including the simulation of real-world operational conditions during testing, is vital for the accurate assessment of fan performance. The limitations of various supports can play a critical role in vibration levels, urging manufacturers to consider detailed specifications when selecting fan categories based on their intended usage.

    Balancing Accuracy and Categories
    Specific balancing accuracy classes categorize fans based on their design and anticipated performance parameters. The standards recommend various levels of balancing accuracy depending on the operational conditions and the type of fan in use. Fans are evaluated against balancing accuracy classes ranging from G16 to G1.0, with implications for both operational vibration tolerances and expected shortcomings in performance.

    These classifications allow manufacturers to align the specifications of their outputs, ensuring that customers receive fans that meet their operational demands, potentially safeguarding against future maintenance and repair costs.

    Dynamic Balancing Techniques
    Dynamic balancing employs advanced machinery that can measure and correct imbalance within the fan system. During the balancing process, fans are placed on specialized balancing machines where residual imbalances are dynamically assessed to determine the extent of correction needed. For maximum efficiency, this is often done while rotating at operational speeds to accurately simulate working conditions.

    Regular monitoring and recalibrating of balancing equipment ensure that both fans and balancing machines operate at optimal performance. The proper attachment of sensors and calibration techniques also plays a crucial role, ensuring that measurements reflect true fan stability and performance.

    Vibration Impact on Performance
    The relationship between fan vibration and performance is complex: imbalances within the rotor assemblies can induce significant oscillations that affect not just the fan itself but also connected systems such as ducts and supports. By employing sound vibration monitoring protocols, operators can identify emergent issues before they escalate into serious failures. This proactive approach enhances equipment reliability and durability.

    The concept of monitoring extends beyond mere operational metrics; it reflects the strategic integration of information from vibration measurements into maintenance decision-making processes. Investments in fan balancing yield invaluable gains in both safety and operational efficiency.

    Conclusion
    Fan balancing is not merely an ancillary task but a foundational aspect of ensuring machine integrity. It embodies a holistic approach encompassing design, measurement, and continuous monitoring, which collectively aids in sustaining high operational standards. Beyond improving immediate performance, effective balancing practices can substantially reduce long-term maintenance costs, ultimately benefiting both manufacturers and users alike.

    Through adherence to defined balancing standards and practices, stakeholders can achieve reliable fan operations with enhanced safety and performance, echoing the divine quest for excellence in engineering and design.



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