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Elena Holodny,Business Insider 23 hours ago
The Nigerian naira just dipped past 300 per dollar for the first time ever.
The currency weakened by 2.3% to 300.25 per dollar around 8:41 a.m. ET, according to data from Bloomberg.
The naira is trading around 296.50 per dollar as of 9:51 a.m. ET, according to Investing.com's data.
Back in late June, the Central Bank of Nigeria finally unpegged the naira from the US dollar, which sent the currency down by 30% to about 280 per dollar. It was pegged around 197-198 per dollar.
Notably, some analysts and economists have noted in recent weeks that the currency is looking a lot less "free" than was promised last month, and had argued that the currency probably needed to fall below 300 per dollar.http://globalfinance.zenfs.com/en_us/Finance/US_AFTP_SILICONALLEY_H..." class="Maw-100 editorial ImageLoader-Loaded" alt="Screen Shot 2016 07 22 at 9.52.01 AM" height="306.2153846153846" width="640" name="yui_3_18_0_6_1469281371018_2033"/>(Investing.com)
As for the rest of the world, here's the scoreboard as of 9:41 a.m. ET:
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