In Lagos' Computer Village, Nigeria's largest electronics market, everything is imported from China. But how merchants access dollars and pay their suppliers is a challenge.
Nigeria imports $20 billion from China every year, yet dollar access problems and legacy banking systems create friction for those doing global trade.
So how do countries like Nigeria and China trade with each other?
In this episode, we head to Lagos, Nigeria, to see it firsthand - how money moves, and how new technologies like stablecoins are facilitating global trade.
In this episode of Money Trails, presented by Stellar Development Foundation.
00:00 - Inside Computer Village 01:22 - Everything is imported from China 02:32 - The Nigerian Economy 03:56 - Importing phones with WeChat and Alipay 05:18 - No one uses the banks for FX 06:17 - Naira volatility, explained 09:10 - Informal and parallel economies 09:38 OTC Traders Fill the Gap 11:21 - Are stablecoins the future of global trade? 14:43 - Next stop: Syria
Podden och tillhörande omslagsbild på den här sidan tillhör
The Flip Media. Innehållet i podden är skapat av The Flip Media och inte av,
eller tillsammans med, Poddtoppen.
