worst-performing african currencies
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Nigeria World Bank: Naira Among Africa’s Most Depreciated Currencies in 2024
The Nigerian Naira ranks among sub-Saharan Africa's weakest currencies, alongside the Ethiopian Birr and South Sudanese Pound, depreciating by 43% by August 2024. The World Bank attributes this to high dollar demand, limited inflows, and rising inflation, with Nigeria’s economic growth...- Nigeria News
- Article
- 1 min read
- dollar demand inflation naira depreciation nigerian economy world bank report 2024 worst-performing african currencies
- Category: Business
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