Mutilated Currency Division or Why US Dollars Tend to Always Be Cleaner and Fresher than Naira

Every year, twenty three thousand cases get sent into the Mutilated Currency Division (MCD) of the US Treasury. The problem is usually very simple, someone has some physical cash that is damaged in some way. It could be either fire, water, chemicals, insects, animals, petrification from burying or whatever else. As long as the money […]

The Nigerian Bond Market: How Progress Happens (Or Doesn’t) – DoubleEph

Below is a transcript of a thread shared on twitter by Feyi Fawehinmi about the Nigerian bond market and how a country develops or fails to, or even reverses course. I think it contains many lessons for us and I decided to share them here. I’ll repost his tweets with minimal edits/comments. Thread reads: I […]