Title: Nigeria’s Currency Plunges as Dollar Liquidity Dries Up: Will a Naira-for-Crude Oil Swap Revive It?
Post by: Bitcoin on Oct 31, 2024, 06:20 pm
Post by: Bitcoin on Oct 31, 2024, 06:20 pm
Nigeria's Currency Plunges as Dollar Liquidity Dries Up: Will a 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 […]
Source: Nigeria's Currency Plunges as Dollar Liquidity Dries Up: Will a Naira-for-Crude Oil Swap Revive It? (https://news.bitcoin.com/nigerias-currency-plunges-as-dollar-liquidity-dries-up-will-a-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 […]Source: Nigeria's Currency Plunges as Dollar Liquidity Dries Up: Will a Naira-for-Crude Oil Swap Revive It? (https://news.bitcoin.com/nigerias-currency-plunges-as-dollar-liquidity-dries-up-will-a-naira-for-crude-oil-swap-revive-it/)