Depleting External Reserve Not Due To Defending Naira But For Debt Repayment, Says Nigeria’s Central Bank

A Bloomberg report this week said Nigeria was burning through its foreign exchange reserves at a rate not seen in four years, raising concerns that the central bank was depleting its dollar holdings to support the naira after pledging it would allow the currency to float more freely.

  News   Apr 18, 2024   0   37  Add to Reading List
Depleting External Reserve Not Due To Defending Naira But For Debt Repayment, Says Nigeria’s Central Bank

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A Bloomberg report this week said Nigeria was burning through its foreign exchange reserves at a rate not seen in four years, raising concerns that the central bank was depleting its dollar holdings to support the naira after pledging it would allow the currency to float more freely.
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