Exchange rate articles
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Understanding the indirect effects of exchange rates
Indirect impacts of exchange rate movements can affect everything from business liquidity to holiday money.
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Why Inflation, Exchange Rates Move In Opposite Directions
The Central Bank of Nigeria (CBN) is alone in its perception that Nigeria’s surging inflation is fueled by excess liquidity. CBN has inauspiciously pushed the monetary policy rate (MPR), the nation’s benchmark lending rate to a record 24.75 per cent, while banks cash reserve ratio (CRR) stands menacingly at 45 per cent in a […]
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CBN slashes BDC exchange rate to N1, 036.3/$
The Central Bank of Nigeria, CBN, yesterday for the second time in two months, slashed the exchange rate in the Bureaux De Change, BDC, segment of the forex market by 7.2 per cent or N81.2 to N1,036.3 per dollar even as it commenced another round of dollar sale to 1,583 eligible BDCs.