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Nigeria secures $2.4 billion currency deal with China The two countries will hope the currency swap will mitigate the need for outside currencies, adding more stability to their bilateral trade. "Any arrangement that Nigeria can make to ease access to foreign exchange is positive for the country," said Ayo Teriba, CEO of Economic Associates. "$2.4 billion ...
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'Two classes left - rich and poor': Sinking Tunisia's currency "The IMF considers that the exchange rate of the dinar is overvalued and we have to let the currency float. This is flawed because Tunisia is a very open economy, so more depreciation of the dinar will cause very high import prices, and Tunisia imports a lot, so the trade balance will be aggravated.".
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