Speevr logo

NIGERIA: Micromanagement of scarce FX resources continues

Table of Contents

Two actions taken by the Central Bank of Nigeria (CBN) this week highlight the bank’s persistent penchant for micromanaging the exchange rate rather than heeding calls from international lenders to float the currency. The measures introduced on 24 and 25 August are likely aimed a...

 

Become a member to read the rest of this article

Subscribe to receive updates from Teneo

Most recent by Teneo

report

Share this page

Teneo logo

NIGERIA: Micromanagement of scarce FX resources continues

Two actions taken by the Central Bank of Nigeria (CBN) this week highlight the bank’s persistent penchant for micromanaging the exchange rate rather than