The Nigerian government is looking to preserve the value of its currency via the adoption of the Chinese Yuan. By making the Yuan an official foreign exchange reserve currency alongside the dollar, the Nigerian government hopes to stop the depreciation of the Naira. This plan was proposed by the House of Representatives. According to The…
The House of Representatives has called for the adoption of the Chinese Yuan as an official foreign exchange reserve currency with other internationally recognised currencies to protect the naira from further depreciation.
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