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Aside from the CBN currency redesign, other issues that triggered Naira depreciation include US monetary policy tightening that strengthened the US dollar and the proliferation of political activities with the US dollar.
Source: https://businessday.ng/news/article/naira-loses-0-67-against-dollar-as-trading-week-ends/
US monetary policy and subsequent decisions on the interest rates by the US Fed will have a sign," he added.