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BusinessDay
Nigeria's leading finance and market intelligence news report.

EXPLAINER: Why is Nigeria printing money?

Almost 20 percent of all United States (US) dollars in circulation today was created in 2020 alone, as the US central bank opened the taps to fund massive bailouts for an economy reeling from the COVID-19 pandemic. To put the scale of the money creation by the US in better context, the government has created…

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