CBN parallel market attack is just a stopgap until Nigeria floats the Naira

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CBN parallel market attack is just a stopgap until Nigeria floats the Naira
01 March 2017, Lagos — Don’t be fooled by the biggest black-market gain in a year for Nigeria’s naira. The rally, sparked by increased sales of foreign exchange forwards and looser capital controls, is contingent on the central bank continuing to sell down its reserves. And until it devalues or makes a clear switch to […] More »
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