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Nigeria’s long-standing multiple FX rate puts it in unwanted company 

…As window of opportunity opens for CBN Governor Emefiele 


Nigeria is one of the very few countries in the emerging and frontier world that still has multiple official exchange rates, along with Venezuela and Iran. Major oil producers, Venezuela and Iran, are two prominent and negative examples of multiple exchange rate practice, even though the former is in worse straits than Nigeria. The Venezuelan…

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