Wednesday, August 10, 2016

Video - Nigeria's currency traded at 350 to the dollar

The Naira lurched to an all-time low of 350 to the dollar in a single interbank market trade of 100,000 US dollars. A total of 3.1 million dollars had been traded by 1230 GMT. The currency has been in free fall since late June when the central bank decided to float it, ending a long untenable peg of 197 to the dollar.

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