Black Market
Central Bank of Nigeria
Currency Devaluation
Emerging Markets
Exchange rates
multiple currency regimes
naira
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OTC
World Bank
Nigeria Devalues Currency As Central Bank Moves To Unify Exchange Rates
In a possible policy shift, the Central Bank of Nigeria (CBN) recently allowed the local naira currency to briefly drop to a new low of USD$1 for 419.75 nairas on…