Fitch and S&P have already downgraded the US and now Moody’s has taken a step in that direction. The credit ratings agency maintained the USA’s top Aaa rating but changed its outlook to ‘negative’. Downside risks to the US’ fiscal strengths have increased and may no longer be fully offset by the sovereign unique credit
© Reuters. Today, the Central Bank of Nigeria (CBN) addressed public concerns over the legitimacy of old Naira notes and rumors of cash scarcity. Isa AbdulMumin, Director of Corporate Communications at the CBN, confirmed that all CBN-issued banknotes are legal tender, including redesigned ones. The confirmation is rooted in Section 20(5) of the CBN Act
