Implications of Black Market Exchange Rates
The exchange rate in the black market has significant ramifications for the Nigerian economy. While it provides individuals and businesses access to foreign currency when official channels are limited, it also brings about challenges, including:
Inflation: Higher black market exchange rates can drive inflation by increasing the cost of imported goods and services, leading businesses to often resort to the black market to meet their foreign exchange n…
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Implications of the black market exchange rate
(494 reads) See also ► What is Dollar to naira at black market rate today? ► Exchange rate: What rate did you get Dollar, Pounds, Euro to Naira today?
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