Nigeria’s currency, the naira ranked 11th worst-performing currency against the US dollar, according to Hanke’s Currency Watchlist.
This online newspaper understands that the data shows that as of September 2, 2022, the naira had lost 48.87% of its value against the US dollars compared to its value in January 2020.
The data also reveals that the Zimbabwean RTGS dollar, which has lost 99.33% of its value against the US dollars, is the second worst-performing currency in the world. The Venezuelan Bolivar was the worst-performing currency with a depreciation rate of 99.39%.
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