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Bullion

Keywords

RDAS, WDAS, Foreign exchange market

Abstract

The Nigeria foreign exchange market has transitioned a great deal since the country gain independence. Nigeria had a pegged exchange control until the introduction of the structural adjustment program (SAP) in 1986. which brought about dual exchange rate system, the first and second tier foreign exchange market that later metamorphosed into the Foreign Exchange Market (FEM). Hence there continue to be policy reversals as a result of the volatility in the exchange rate.

Author Bio

The author is a staff of City Bank PLC.

Publication Title

CBN Bullion

Issue

1-3

Volume

39

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