July 29, 2022 2:54 PM
Agusto, in a recent statement, advised the government against pegging the value of the naira to the dollars.that the naira weakened to N707 a dollar at the parallel section of the foreign exchange market.The Central Bank of Nigeria has often maintained that the parallel market is not the true reflection of the naira.
“A second option is to float the currency. This means allowing the forces of demand and supply to determine the rate at which the local currency exchanges for the USD.”
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