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June 2016Event

Flexible exchange-rate policy announced

The CBN announced a more flexible foreign-exchange framework after pressure on the naira and dollar shortages.

Hall of FameFourth Republic

June 2016

Flexible exchange-rate policy announced

The CBN announced a more flexible foreign-exchange framework after pressure on the naira and dollar shortages.

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What happened

The CBN announced a more flexible foreign-exchange framework after pressure on the naira and dollar shortages. Multiple exchange-rate practices nevertheless persisted.

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