Nigeria's Apex Bank Urged to Keep External Reserves in Chinese Yuan 

The House of Representatives has called for the adoption of the Chinese Yuan as an official foreign exchange reserve currency with other internationally recognised currencies to protect the naira from further depreciation. <br />Member representing Bogoro/Dass/Tafawa Balewa Federal Constituency, Bauchi State, Jafaru Leko, noted that the Nigerian economy was experiencing substantial shifts in the value of the naira, triggering economic instability and uncertainty. <br />He also noted that the International Monetary Fund proposed diversification of foreign exchange reserves for central banks of developing countries, including Nigeria. <br />He says the global economic landscape was evolving, and international trade dynamics were shifting, with China assuming a leading role in international trade<br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>