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Economic and Financial Review

Publisher

Central Bank of Nigeria, Research Department

Keywords

Real effective exchange rate, Nominal effective exchange rate, Indices, Currency

Abstract

This paper computed Nigeria’s real and nominal effective exchange rate (REER and NEER) indices using a pool of high frequency monthly data for the period 1996-2007. The paper observed that the REER index appreciated most of the period due to inflationary pressures in Nigeria, implying a loss in Nigeria’s competitiveness relative to its major trading partners.

Issue

45

Volume

4

Recommended Citation

Tule, M.K. and Duke, O.O. (2007). Computation of Nigeria’s real effective exchange rate indices. CBN Economic and Financial Review, 45(4), 1-33.

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