Advantages of a weak naira
The meddlesome World Bank says that “By August 2024, the Ethiopian birr, the Nigerian naira, and Sundanese pound were among the worst (performing currencies) in the (African) region,” and added that “The naira continued losing value, with a year-to-date depreciation of about 43 per cent as of end-August.” The acknowledgement by banker Chika Mbonu that
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