Tag: Chinese Footprint
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Naira/Yuan swap: A major Chinese footprint on Nigeria’s economy, By Henry Boyo
By Henry Boyo “Central Banks, the world over, have responsibility for ensuring that a nation’s currency reserves are held in instruments, which would protect the domestic value of income and savings. Indeed, every CBN Governor recognises this responsibility, but the actual spread of such holdings were never clearly defined, while the dollar remained the CBN’s…