Nigerian Naira Detail
About Nigerian Naira Detail
See Nigerian Naira entry. The naira has depreciated dramatically since 2014 due to falling oil prices and economic mismanagement. Multiple exchange rate windows created arbitrage opportunities. The Central Bank of Nigeria has been criticized for monetizing government debt. Nigerian banknotes feature national heroes including Nnamdi Azikiwe and Ahmadu Bello. The naira is the most used currency in West Africa, circulating informally in neighboring countries.
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