# @restofworld on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/CW7xDPBP6bR
- **Gondola URL:** https://gondola.cc/posts/78900810-restofworld-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/d3b94fd1ff.jpg
- **Posted:** 2021-12-01T08:39:57.000+00:00
- **Account Owner:** Rest of World (@restofworld) — https://gondola.cc/restofworld

## Caption

On October 25, Nigeria became the first country in Africa to introduce a digital currency, with the launch of the eNaira. Its introduction has been bumpy, and local financial industry insiders have questioned the practical need for a digital currency in a currently struggling economy.⁠
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In theory, Nigeria’s digital currency will improve access to financial services for the 55% of adult Nigerians who are unbanked. It’s also designed to simplify payments of government stimulus packages and improve the process of receiving international remittances.⁠
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Click the link in our bio to read the full story. Photo by Dia Dipasupil/Getty Images/Zenith Bank.⁠
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#eNaira #digitalcurrency #nigeria #financialindustry

## Stats

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- **Likes:** 12
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## Credits

No public credits are recorded here. This does not identify who made the post.

## Tags

enaira, digitalcurrency, nigeria, financialindustry

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