- The naira was ranked as one of the worst performing in the world, following a massive decline witnessed during the week
- Lebanese pound and the Argentine peso were also among the list, according to Bloomberg’s analysis
- The report also cited that the depreciation was triggered by President Bola Tinubu elimination fuel subsidies
The naira has been ranked among the worst-performing currency in the world in 2023.
According to Bloomberg, naira sit in the bottom three of 151 currencies tracked after depreciating by 55% to N1,043 per dollar as of Thursday, 28th December 2023.
