Why we floated the Naira – Cardoso
submitted over 1 year ago by chidera2kz
submitted over 1 year ago by chidera2kz
- The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, explained that he decided to float the Naira in the foreign exchange market to align the official exchange rate with market realities and restore trust in the financial system.
- He acknowledged that while this decision faced criticism and was painful in the short term, it was necessary for long-term stability and to combat inflation.
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