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.
Publication Title
CBN Bullion
Issue
1-3
Volume
39
Recommended Citation
Dawodu, Akin
(2015)
"Implication of closure of RDAS and WDAS segment of the foreign exchange market in Nigeria,"
Bullion: Vol. 39:
No.
1, Article 4.
Available at:
https://dc.cbn.gov.ng/bullion/vol39/iss1/4