One culprit for his troubles stands out: The U.S. dollar’s strength against the Nigerian currency, the naira, has pushed the price of garments and other foreign goods beyond the reach of local consumers. The price these days is running around 350,000 naira, or $450. Across the developing world, many countries are fed up with America’s dominance of the global financial system — especially the power of the dollar.
Emerging economies pushing to end dollar s dominance khmertimeskh.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khmertimeskh.com Daily Mail and Mail on Sunday newspapers.
The long path beyond the dollar naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.
Business has vanished at Kingsley Odafe’s clothing shop in Nigeria’s capital, forcing him to lay off three employees. One culprit for his troubles stands out: The U.S. dollar’s strength against the Nigerian currency, the naira, has pushed the price of garments and other foreign goods beyond the reach of local consumers. A bag of imported…