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Nigeria ends 15 month currency peg


Published on: 20-Jun-2016

Nigeria’s naira weakened significantly after the central bank allowed the currency of Africa’s biggest economy to float freely on Monday 20 June. Demand for foreign currency has built up to about $3 billion since capital controls were imposed 15 months ago to defend the currency’s peg of 197-199 per dollar, according to Chapel Hill Denham Securities Ltd. 

For the full article visit Bloomberg

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