The International Monetary Fund (MF) and National Economic Council (NEC) have welcomed and endorsed the quick decision taking by the central bank of Nigeria to abandon its currency drought and introduce a flexible rate of exchange policies saying that it very important and compensatory to reduce fiscal and external imbalances.
in a statement, Reuters quoted the IMF spokessman Gerry Rice saying;
we want to see how effective the naira exchanged rate market will function within the next few day and once it worked well then the new float system will be put into measure by next week monday.
No comments:
Post a Comment