Nigeria currency nosedives to as low as 1,531 per dollar
Record govt debt, high unemployment and power shortages are a challenge to Africa’s largest economy
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Record govt debt, high unemployment and power shortages are a challenge to Africa’s largest economy
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A 211pc inflation, widening gap between official and parallel exchange rates are the reasons
Inflation in the South American nation is over 200pc
The US Dollar is set to break the EGP 60 mark in Egypt’s black market, which stood at EGP 57 per 1 USD, according to an Ahram Online at the start of the week. The official exchange rate, maintained around EGP 30.80 per 1 USD since the Central Bank of Egypt's last devaluation in January