In very simple words (please) what is a ‘dollar shortage’, and how can it cause an entire country to fall into debt?

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This is in regards to Nigeria’s currency (Naira) weakening and causing the ‘dollar shortage’ in the country to deepen.

In: Economics

7 Answers

Anonymous 0 Comments

People don’t want Naira they want dollars. They can’t afford dollars because nobody wants to give them dollars in exchange for Naira.

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