Nigeria has 40.4 billion dollars in it, but what is an External Reserve?

Nigeria has 40.4 billion dollars in it, but what is an External Reserve?

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The Central Bank of Nigeria (CBN) has announced that the Country’s external reserve now has $40.4 billion; the highest amount it has ever reached since 2014. Announcing the new development, Acting Director, Corporate Communications at the CBN, Isaac Okorafor, said the reserve…

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