Crypto News: Nigerian Currency Plunges to New All Time Low — Central Bank Blames Speculators

[AJBot]

The Nigerian central bank has accused currency speculators of being behind the local currency’s recent plunge to a new all-time low of N710 against the greenback. The leader of a Nigerian association of bureau de change operators insisted crypto trading may be to blame for the naira’s recent plunge in value. 
 Nigerians Converting to USD 
 According to local reports, the parallel market exchange rate of the Nigerian currency against the greenback recently plunged to a new l ...

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[Shaffy]

I really don't blame speculators and traders. The Central Banks policies and how it chooses to implement them are the main reasons the Naira has been collapsing. Other currencies worldwide are also not spared.

 

[nana kwasi1]

I don't really hold traders and speculators responsible. The primary causes of the Naira's depreciation have been the Central Bank's policies and the manner in which it decides to carry them out. The world's other currencies are not exempt either.

 

[Sotherefore]

They will always have someone to blame for everything they have done. Instead of them to be looking for every possible means to improve the economy of the country, they are looking for who to shift the blame to