CBN’s FX Market More Transparent, Difficult To Manipulate— Expert

A financial expert and the co-founder of Dairy Hills, Kelvin Emmanuel, has said that bankers made an attempt to lobby against Central Bank of Nigeria’s (CBN) circular on the harmonization of reporting requirement on foreign exchange currency exposure of banks.

Kelvin said the circular was the game changer that led to the rebound of the naira which is trading around N1,500 per dollar.

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