The World Bank has urged the Central Bank of Nigeria (CBN) to refrain from intervening in the foreign exchange market through forex auctions. The global lender also advised the CBN to continuously reaffirm the commitment to exchange rate flexibility by adopting a comprehensive, systematic, and transparent framework for foreign exchange interventions. The policy advisory issued […]
The post Why CBN should stop ad-hoc FX auctions – World Bank first appeared on Business Hallmark.
