The earlier exchange rate regime caused friction for foreign investors because of pricing ambiguity and difficulties in repatriating funds. Under the new system, exchange rates are set largely ...

The multiple-rate regime was seen by many analysts a failing of Emefiele’s leadership. Under this aegis, the central bank argued that it did not amount to “multiple” rates, but various windows for ...

One of the landmark developments influencing financial markets in the post-war era occurred 50 years ago, when the international monetary system shifted from a fixed to a floating exchange-rate ...