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Dollar Crunch Means Big Business for African Currency Hawkers

Few Nigerians are applauding the collapse of oil prices, which has hit the economy of Africa's top crude producer hard and hammered its currency, the naira. But for the currency hawkers hanging around outside Abuja's Sheraton hotel, business has seldom been so good as wealthy Nigerians turn to the black market - sometimes changing up to $200,000 at a time - to dodge increasingly onerous FX regulations. In other African crude producers such as Angola and South Sudan, the sharp...

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