Research Group Cautions CBN Against Policy Somersault In Drive To Boost FX Liquidity

An Abuja- based economic and development research organisation, Pol Eco Analytics, has cautioned the Central Bank of Nigeria (CBN) against policy somersaults in its bid to boost forex liquidity.

The organisation observed that the CBN has again, re-introduced the Retail Dutch Auction System (RDAS), to conduct the sale of foreign exchange to end users after it was jettisoned by the apex bank.