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Tag Archives: A one-export economy indexed in USD permanently slides against same currency;why?

The disappearing Naira – Tola Adenle

February 14, 2012

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LETTERS TO MY NIECE Yewande, dear, Permit me a little but necessary detour before I come back to what led to this letter.  Four Nigerian passports ago when I first traveled out, I exchanged ninety-seven Nigerian pound s (N194) for United States two hundred and seventy dollars ($270).  Going back in January 1973, I got […]

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