Nyheter: Nigeria Devalues Currency as Central Bank Moves to Unify Exchange Rates

Nigeria Devalues Currency as Central Bank Moves to Unify Exchange RatesIn a possible policy shift, the Central Bank of Nigeria (CBN) recently allowed the local naira currency to briefly drop to a new low of USD$1 for 419.75 nairas on May 14, 2021. However, by close of business the naira had recovered and was trading around 411.25. Before the latest adjustment, the naira had fluctuated […]

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