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0 sats \ 0 replies \ @KenyaCoin OP 16 Nov 2022 \ on: Biggest Devaluation in Six Years May Be Coming for Nigerian Currency | Bloomberg bitcoin
The link for this post is using an archive for the article on Bloomberg's website. An archive has no paywall, no subscription requirement, and can be easier to read. The original article, on Bloomberg's website is:
Biggest Devaluation in Six Years May Be on the Cards for Nigerian Currency https://www.bloomberg.com/news/articles/2022-11-16/nigerian-naira-might-be-devalued-after-elections-next-year-survey-shows
The naira traded at 443.99 to the dollar in the official spot market as of 6.45 p.m. local time on Tuesday. It changed hands at about 785 in the parallel market, according to Abubakar Mohammed, operator of a bureau de change that tracks the data in Lagos.
Spread Between the Official and Parallel Market Rate Suggests the Naira Is Overvalued
https://i.postimg.cc/pdjk23RF/Screenshot-at-2022-11-16-16-00-21.png
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