IMF warns dollar-denominated stablecoins could undermine naira demand

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IMF warns dollar-denominated stablecoins could undermine naira demand

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The International Monetary Fund (IMF) has warned that the increasing use of U.S. dollar-denominated stablecoins in Nigeria could undermine demand for the naira and weaken the effectiveness of Nigeria's monetary policy framework.

The International Monetary Fund (IMF) has warned that the growing use of U.S. dollar-denominated stablecoins in Nigeria could weaken demand for the naira and reduce the effectiveness of the country's monetary policy framework. The post IMF warns dollar-denominated stablecoins could undermine naira demand appeared first on Nairametrics.

World Politics Markets IMF Nigeria stablecoins currency monetary policy dollar naira

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