Nigeria Quashes Talk of Change to Its Exchange-Rate Policy

World News: . []

Nigeria Quashes Talk of Change to Its Exchange-Rate PolicyNigeria’s central bank said it made no change to its naira policies, after a revision on its website led some analysts to speculate that it was ending a system of multiple exchange rates. “Nothing has changed in Nigeria’s exchange-rate structure,” and the naira’s value continues to be determined by trading in the Investors’ & Exporters’ FX Window, Isaac Okorafor, a spokesman for the Abuja-based institution, said in a text message. The I&E FX window, also know as the Nafex window, was introduced in 2017 as Nigeria sought to attract capital inflows by offering investors a weaker and market-determined naira rate.


Read More: https://finance.yahoo.com/news/nigeria-central-bank-quashes-talk-081555739.html

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