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EXPLAINER: Everything You Need To Know About NAFEX, New Exchange Rate
3 years ago
~1.1 mins read
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NAFEX was introduced by the apex bank four years ago in response to the currency crisis at the time.
In a circular published on April 24th, 2017 by the FMDQOTC where the exchange rate is determined by the market, the circular read in part: "This Market Notice is issued pursuant to the Central Bank of Nigeria ("CBN") circular dated April 21, 2017
https://newsrand.com/2021/05/26/explainer-everything-you-need-to-know-about-nafex-new-exchange-rate/.
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