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Also, the government unified foreign exchange (forex) windows, leading to a sharp decline in the value of the local currency—from around $1/N700 to over $1/N1600 on the parallel market. This change caused the prices of food and basic goods to skyrocket, leaving Nigerians struggling with the impact of rising inflation.Also, the government unified foreign exchange (forex) windows, leading to a sharp decline in the value of the local currency—from around $1/N700 to over $1/N1600 on the parallel market. This change caused the prices of food and basic goods to skyrocket, leaving Nigerians struggling with the impact of rising inflation.0 Comments 0 Shares 0 Reviews
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https://nairametrics.com/2024/11/08/daily-forex-turnover-hits-1-4-billion-on-nafem-highest-ever-as-external-reserves-reach-40-billion/0 Comments 0 Shares 0 Reviews
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New naira exchange rate. The naira's free fall continued in the forex market, dropping to another record low. The naira is truly under pressure in the forex market. Full details in the comments.New naira exchange rate. The naira's free fall continued in the forex market, dropping to another record low. The naira is truly under pressure in the forex market. Full details in the comments.0 Comments 0 Shares 0 Reviews
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