CBN to let Naira into free fall – Nigeria’s central bank is calling an urgent meeting with commercial banks’ executives on Friday with the purpose to decide what to do with the exchange rate of weakening naira, which is no longer coincides with its real value.
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The central bank representatives together with commercial banks’ executives are going to decide the further fate of weakening naira during the meeting on Friday.
In February Nigeria’s central bank had to impose tight measures of control on the foreign exchange market.
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