Currency-swap deal – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Mon, 30 Dec 2024 13:25:53 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Currency-swap deal – InfoStride News https://www.theinfostride.com 32 32 China and Nigeria Renew $2bn Currency-Swap Deal https://www.theinfostride.com/china-and-nigeria-renew-2bn-currency-swap-deal/ https://www.theinfostride.com/china-and-nigeria-renew-2bn-currency-swap-deal/#respond Mon, 30 Dec 2024 13:25:53 +0000 https://www.theinfostride.com/?p=399230 China and Nigeria have successfully renewed their $2 billion currency-swap agreement, a move aimed at boosting trade and stabilizing the naira amid ongoing economic challenges. The deal, which was originally signed in 2018, allows both countries to exchange their currencies directly, bypassing the need for third-party currencies like the US dollar in trade transactions. This [...]

Source from InfoStride News

]]> https://www.theinfostride.com/china-and-nigeria-renew-2bn-currency-swap-deal/feed/ 0