exchangerate

Explainer: Nigeria's move from a fixed to a floating exchange-rate policy: ShutterstockAfrica’s largest economy has finally floated its fixed currency exchange rate for the first time in history. The freeing of the Nigerian naira after months of policy debates saw the currency immediately plummet by 40%. One would have to go back two decades to find parallels. South Africa – … [Read more...] about Explainer: Nigeria’s move from a fixed to a floating exchange-rate policy | The Conversation