Nigeria’s Currency Plunges as Dollar Liquidity Dries Up: Will a Naira-for-Crude Oil Swap Revive It?

By Bitcoin News | Created at 2024-10-31 09:23:36 | Updated at 2024-10-31 11:22:50 2 hours ago
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Nigeria's Currency Plunges as Dollar Liquidity Dries up -- Will Naira-for-Crude Oil Swap Revive It?The Nigerian naira recently hit a new low against the U.S. dollar, ranking among the three worst-performing currencies globally. Dollar Liquidity Dries up The Nigerian naira, which has already lost over 70% of its value in 2024, recently dropped to a record low of NGN1,670.65 per U.S. dollar on the official foreign exchange market on […]
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