Currency intervention articles
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Why Naira depreciated by 23% in 4 days — Currency dealers, analysts
A surge in demand for dollars in the parallel market driven by banks and end-users combined with slow forex disbursement to BDCs by the Central Bank of Nigeria, CBN, caused the Naira, last week, to fall by 23 per cent against the dollar, thus recording the worst weekly performance of the Naira since February.
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New scientific interventions are here to fight climate change. But they aren't silver bullets
Behind a chain-link fence in a corner of San Joaquin County sits one of California's — and perhaps the world's — best hopes for combating climate change. Here at the nation's first commercial direct air capture facility, towering trays of limestone mineral powder are working round-the-clock to remove carbon dioxide from the atmosphere. Robots skitter and whir around the 40-foot-tall columns, which are part of a multi-step process that will ultimately convert the CO2 to concrete, rendering the...
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Japan’s yen jumps vs dollar amid specter of intervention
NEW YORK/TOKYO >> The yen jumped against the dollar late today, with traders on high alert for signs of intervention by Japanese monetary authorities to boost a currency languishing near 34-year lows.