Final penny pressed at U.S. Mint in Philadelphia
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The Nigerian currency has slumped again in the official market following threats by the US government against Nigeria, falling to ₦1,436 per dollar.
The International Monetary Fund has warned of currency risks arising for nations such as Kenya and Ethiopia that are swapping dollar loans from China into yuan to tame debt costs.
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While it isn't responsible for money printing, the Federal Reserve is in charge of shredding currency. Here is why and how exactly it does this.
The ringgit, trading at RM4.16 against the US dollar, is the best-performing currency in Asia, says Prime Minister Datuk Seri Anwar Ibrahim.