Why Nigeria’s exchange rate policy is such a minefield

(Bloomberg) – Navigating Nigeria’s exchange rate policy is tricky. There are several exchange rates; officials make confused and contradictory statements; promised reforms do not materialize; and the central bank and the finance ministry do not always seem to agree on how to manage the naira. The economic fallout from the pandemic, including a deterioration in public finances, has made the need for clarity all the more relevant …

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