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5min chapter
More money, more problems: How do currencies work?
What in the World
Shortage of Naira Banknotes and Falling Exchange Rate
This chapter explores the shortage of new Naira banknotes in Nigeria and the falling Naira exchange rate. It discusses the reasons behind these issues, such as the existence of two exchange rates and the lack of sufficient dollars in the country, and highlights the impact on imports and rising prices of goods.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode