Nigeria’s cash problem: Multiple exchange rates, wild swings and dollar shortages – CNNMoney


CNNMoney

Nigeria’s cash problem: Multiple exchange rates, wild swings and dollar shortages
CNNMoney
In Nigeria, it can be hard to know just how much the notes in your wallet are worth. The official exchange rate for the country’s currency, the naira, is around 305 to the dollar. But banks lend to each other at a second rate. A third rate is used by

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Source: http://news.google.com/news/url?sa=t&fd=R&ct2=us&usg=AFQjCNHttM4EVDGEyw4BjBrodDaXbtKexw&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779479839870&ei=F5oIWbiBMbCWqgLTzJWoDQ&url=http://money.cnn.com/2017/05/02/investing/nigeria-naira-currency-dollars/

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