Monday, August 6, 2018

Nigeria Begins Using China's Yuan As Reserve Currency

Quartz Africa published on 2 August 2018 an article titled "Nigeria Has Taken Its First Steps in Adopting China's Yuan As a Reserve Currency" by Yomi Kazeem.

Nigeria has begun selling Chinese yuan to local traders and businesses as an alternative trading currency in order to avoid the hassle of first converting to US dollars.

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