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‘The exchange rate is artificially low’ — Osinbajo asks CBN to bow to market forces

thecable.ng/the-ex...

submitted about 4 years ago by davidS

‘The exchange rate is artificially low’ — Osinbajo asks CBN to bow to market forces

submitted about 4 years ago by davidS

‘The exchange rate is artificially low’ — Osinbajo asks CBN to bow to market forces
  • Vice-President Yemi Osinbajo wants the Central Bank of Nigeria to let the naira's value be determined by the market, as the current exchange rate may be deterring investors.
  • He also emphasized the need for cooperation between the central bank and government ministries to avoid overlapping interventions and ensure better economic management.
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