Investors might be excited by Nigeria’s new free floating currency but the president isn’t — Quartz

After months of strict currency controls, Nigeria’s new currency policy which saw the naira floated and valued by market forces kicked in last week. The strict controls, intended to stem the flow of foreign exchange out of the country in light of depleting foreign reserves, resulted damaging effects across board. Investors and international companies could…

via Investors might be excited by Nigeria’s new free floating currency but the president isn’t — Quartz

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