The MAN DG added that the regime would engender competitiveness of Nigeria’s export and lead to improved market efficiency for effective foreign exchange access and rise in capital flows. Its Director ...

Whereas the Nigerian monetary authority fixed the official exchange rate at N196 to a dollar, there is today a near 50% differential in the parallel market rate to the official rate.The fact that the ...

Exchange rates play a crucial role in the global economy, influencing trade, investment, and economic stability. Understanding the various measurements and regimes of exchange rates is essential for ...

The first is discipline. Countries with pegged exchange rates have lower rates of growth in money supply, presumably because of the political costs of abandoning a peg. The growth of broad money ...

Nigeria, one of Africa’s largest economies, has a long-standing history of grappling with currency stability and foreign exchange challenges. Over the years, the government has employed various ...

Exchange rate movements are a critical pillar of macroeconomic stability in Ghana. Historically, the Ghana cedi has faced persistent depreciation due to factors such as chronic trade deficits, fiscal ...

This paper addresses a key puzzle in international finance: whether exchange rates follow a random walk or exhibit predictable patterns. We demonstrate that exchange rates can possess a unit root ...