Questions tagged [foreign exchange challenges]

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isabella_bailey_economist isabella_bailey_economist Wed Feb 19 2025 | 6 answers 1207

Is Binance exacerbating Nigeria's foreign exchange challenges?

Nigeria is facing foreign exchange challenges and there are concerns whether crypto exchange Binance is worsening the situation by allowing Nigerians to easily convert their local currency to cryptocurrencies, thus affecting the country's foreign reserves.

Is Binance exacerbating Nigeria's foreign exchange challenges?

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