1986Event
Second-tier foreign-exchange market begins
The Babangida government introduced a market-oriented foreign-exchange system as part of SAP.
Hall of FameMilitary II
1986
Second-tier foreign-exchange market begins
The Babangida government introduced a market-oriented foreign-exchange system as part of SAP.
1000reasons.voteEditorial timeline entry
What happened
The Babangida government introduced a market-oriented foreign-exchange system as part of SAP. The naira's value fell sharply under the new approach.
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