Monday, June 20, 2016

Naira Plummets Against Dollar

Nigeria's currency, the naira, has fallen 23% against the US dollar in the first morning of trading after the removal of the currency peg, Reuters News reports.

Bloomberg's Africa reporter has tweeted a graph of the naira's fall this morning:
"#Nigeria's #naira devalues to 254 against the dollar as it floats for the 1st time. That's a drop of 22%."


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