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Cryptocurrencies: 28960
Markets: 114116
Market Cap: $2,557,594,794,866     
24h Vol: $95,209,059,350
Bitcoin.com 2023-02-17 21:00:38

Moody’s Says Forex Shortages May Force Nigerian Central Bank to Delay Repaying Local Banks

Moody’s Says Forex Shortages May Force Nigerian Central Bank to Delay Repaying Local Banks
The persistent scarcity of foreign exchange may force the Nigerian central bank to delay repaying the $10.4 billion owed to local banks, analysts at Moody’s Investors Service have concluded. The central bank’s failure to pay its debts on time will likely force the affected financial institutions to similarly delay paying back their own forex-denominated debts.
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