China 🇨🇳 and Nigeria 🇳🇬 renew $2 billion currency swap arrangement! The deal aims to strengthen financial cooperation and promote bilateral trade between the two nations. According to Bloomberg, the People's Bank of China confirmed the extension for another three years. But what does this mean for the US dollar? Some critics fear the Trump administration may view the swap renewal as a challenge to the dollar. Meanwhile, experts suggest import substitution and promoting locally produced goods could be more effective at stabilizing the naira. Check out the full story on our website for all the details! 👉