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Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point to Further Devaluation
Pressure on Nigeria’s current exchange rate is likely to get worse in 2021, when the expected recovery of imports is set to force another devaluation of the local currency to N430/$ next year, according to two Bank of America analysts. Earlier rate adjustments, one in March and another in July, already appear to have failed […]
The post Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point to Further Devaluation appeared first on Bitcoin News.
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