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3232Nigerians Shun Local Currency— Seek to Protect Wealth From Inflation and Currency Depreciation with Foreign Currency
https://www.digit.info/nigerians-shun-local-currency-seek-to-protect-wealth-from-inflation-and-currency-depreciation-with-foreign-currency/
Fri, 23 Apr 2021 10:30:07 +0000https://www.digit.info/2021/04/23/nigerians-shun-local-currency-seek-to-protect-wealth-from-inflation-and-currency-depreciation-with-foreign-currency/Read more]]>Nigerians are thought to be accumulating foreign currencies which they believe will protect their wealth from the naira’s volatility as well as the surging inflation. Further, as a research paper in a journal published by the Central Bank of Nigeria (CBN) found, Nigerians’ use of dollars exceeds IMF’s 30% threshold. Exchange Rate Volatility and Currency […]
Nigerians are thought to be accumulating foreign currencies which they believe will protect their wealth from the naira’s volatility as well as the surging inflation. Further, as a research paper in a journal published by the Central Bank of Nigeria (CBN) found, Nigerians’ use of dollars exceeds IMF’s 30% threshold. Exchange Rate Volatility and Currency […]