Nigeria's President Rejects Proposal To Protect Fragile Economy

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Nigeria is hurting from a shortage of dollars and has been under pressure to devalue its currency, the Naira, ostensibly to reduce the widening gap between the parallel market and official exchange rates. The President, Muhamadu Buhari, has rejected the move supported by the Central bank that refused to cave in to the pressure at its monetary policy committee meeting last week.
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Nigeria