Manufacturers express mixed reactions on floating exchange rate regime

Its Director General, Segun Ajayi-Kadir, said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Lagos.

NAN reports that a floating exchange rate is a currency management system where the value of a currency, such as the Naira, is determined by market forces.

Factors like commodity prices, interest rates, capital flows, and level of trade flow determine the exchange rate under the floating regime.

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