Wednesday, May 25, 2016

Change

https://www.google.com/search?q=naira+rate+2016+cbn&client=firefox-b-ab&source=univ&tbm=nws&tbo=u&sa=X&ved=0ahUKEwid6tTIw_TMAhUoJ8AKHesfDKUQsQQILQ&biw=1366&bih=667
 Flexible exchange rate regime announced by the Central Bank of Nigeria.  Current rates?  Still, the CBN "would retain a special window to fund critical transactions in foreign exchange, which would likely attract a concessionary rate."  Good luck

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2 comments:

t said...

Was it a hoax or what? One week later Naira will not be devalued and the official rate remains the same as in past months.

Similarly, the fuel subsidy removal of weeks ago seems to have happened only in my imagination (and in the news)? I am officially not believing any policy statements from the Buhari government anymore, ever, until they change this habit of announcing nonsense then announcing the opposite then teasing with more nonsense.

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