Central Bank Starts Uniform Exchange Rate For Naira - NairalandNigerian Central Bank Starts Uniform Exchange Rate for Naira
By Emele Onu and Alonso Soto
March 20, 2020, 12:18 PM EDT
Updated on March 20, 2020, 1:45 PM EDT
Bloomberg Africa
Nigeria’s central bank will migrate to a single exchange rate for the naira by collapsing the multiple exchange rate policy that determined the value for the local currency, people with direct knowledge of the matter said.
The West African nation will merge the official rate, the rate for importers and...
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