Dollarisation: any possibility in Nigeria and its effects on economic management and exchange rate stability

Authors

E.A. Abolo, Nigerian Export-Import Bank (NEXIM), Abuja

Publisher

Central Bank of Nigeria

Keywords

Exchange rate, Stability, Dollarisation, Foreign currencies, Inflation, Fiscal discipline

Abstract

This paper examined various type and definitions of dollarization, the possibility of dollarization in Nigeria and its effect on economic management. The author emphasized on unofficial dollarization and its benefits and costs.

Author Bio

Emmanuel Moore Abolo is the Chief Risk & Compliance Officer at the Nigerian Export-Import (NEXIM) Bank.

Publication Title

CBN Economic and Financial Review

Issue

4

Volume

52

Recommended Citation

Abolo, E.M. (2014). Dollarisation: any possibility in Nigeria and its effects on economic management and exchange rate stability. CBN Economic and Financial Review. 52(4), 155-180.