Nigeria’s silent currency redenomination

There has been nary proclamation by the Central Bank of Nigeria, nary parliamentary debate, and nary instauration of a caller monetary unit. Across markets, transport routes and neighbourhood shops, the naira has efficaciously undergone a soundless redenomination. The smallest denominations (N5, N10, N20 and N50) person mostly disappeared from mundane transactions, pushed retired not by […]

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