Stop ad-hoc FX auctions, W’Bank tells CBN

Stop ad-hoc FX auctions, W’Bank tells CBN

The Central Bank of Nigeria has been urged to refrain from intervening in the foreign exchange market through forex auctions. It was also advised to continuously reaffirm the commitment to exchange rate flexibility by adopting a comprehensive, systematic, and transparent framework for foreign exchange interventions. The policy advisory issued by the World Bank was included

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