Naira Float clarified: CBN says float is “managed float” not completely free float - Azaland

Naira Float clarified: CBN says float is “managed float” not completely free float

(467 reads) See also ► Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window ► Nigerian Naira Now Undervalued After Float, Says Bank Of America

1 post • Page 1 of 1

Also: Answers: 0

Quote
1

June 20th, 2023, 6:50 am

The CBN has clarified that the Naira float is a managed float, and not a completely free float.

Central Bank of Nigeria clarifies recent monetary policy decision as managed float, not free float.

Expect further measures to loosen foreign exchange controls in the coming weeks.

Deputy Governor predicts GDP growth of 6% by 2024, expects the naira exchange rate to stabilize
The Central Bank of Nigeria disclosed that the recent monetary policy decision implemented

…

Please login to view the rest of this post.

Also

This topic has 4 replies.

Please login to see topic replies.

1 post • Page 1 of 1

Similar Topics

Replies

Views

Last post

Naira Begins Recovery After Float, Closes At ₦‎664/$ At I&E Window

Last post by Ernest « January 1st, 2024, 2:08 pm
Posted in Forex
Replies: 5
by AzaBank » June 15th, 2023, 6:30 pm » in Forex

The naira closed at N664.04 per dollar at the investors and exporters (I&E) window on Wednesday....

5 Replies

491 Views

Last post by Ernest
January 1st, 2024, 2:08 pm
Nigerian Naira Now Undervalued After Float, Says Bank Of America

Last post by Ernest « January 1st, 2024, 2:10 pm
Posted in Finance News
Replies: 3
by Also » July 1st, 2023, 6:01 am » in Finance News

Nigerian Naira Now Undervalued After Float, Bank Of America Says...

3 Replies

236 Views

Last post by Ernest
January 1st, 2024, 2:10 pm

Return to “Forex”

©2024 Azàland - All Rights Reserved. Privacy Policy

DISCLAIMER
The carefully vetted content of Azàland (Azaland.com) is meant to be educational or informational and should not be misconstrued as investment advice or relied upon as sole source of financial advice. Readers are advised to consult professionals before making investment decision as Azaland shall not be liable for any loss experienced following individual financial decisions. Likewise, Azaland is apolitical: We do not partake or meddle in political movements or ideologies. Finally, the online opinion polls featured on Azaland are not intended to be a scientific sample of local or national opinion. Instead, they are a way for readers to share their views on the news, topics and issues being discussed with other readers. See our detailed Terms of Use.

⇧

⇩