Lagarde rebuffs CBN's foreign exchange restrictions
296 views · Published 7 January 2016 · 1:55 · Indexed 25 October 2026
Channel: CGTN Africa · 2016 · News & Politics
during her 4 day visit to Nigeria, International Monetary Fund managing director, Christine Lagarde told lawmakers that the Fund does not support foreign exchange restrictions, and that any such measures should be temporary. The Central bank of Nigeria had introduced foreign exchange curbs and allowed only limited devaluation after prices for its oil exports collapsed.
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