New Country Ready to Back Currency With Gold, Ditch US Dollar
The African nation Ghana is looking to back its local currency, the Cedi with gold. Ghana’s Vice President Mahamudu Bawumia...
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Nigeria’s Naira Woes Point to Africa’s Bigger Currency Depreciation Problem
On Tuesday, Nigeria’s central bank announced a supersized 400-basis-point rate hike in the fight against inflation and its depreciating currency....
