Emerging economies are pushing to end the dollar's dominance. But what's the alternative? - New Delhi Times - India Only International Newspaper
Business has vanished at Kingsley Odafe’s clothing shop in Nigeria’s capital, forcing him to lay off three employees. One culprit for his troubles stands out: The U.S. dollar’s strength against the Nigerian currency, the naira, has pushed the price of garments and other foreign goods beyond the reach of local consumers. A bag of imported…
Source: newdelhitimes.com
