The exchange rate regime in Nigeria can be best characterized as transiting over the past three decades i.e. the regime transition between fixed and floating eras. The exchange rate of naira vis-a-vis U.S dollar between 1980 and 2008 has been volatile due to the ineffective instituted ...
GovernoroftheCentralBankofNigeria(CBN)J.OSanusi(2002)statedthatthechoiceof erateregimeisacriticalissueSufficeittosaythatthecurrenthighinterestrate structurerepresentstheopportunitycostwhichtheeconomyispayingforamisaligned erateregime,indicativeofthestructuralimbalanceintheeconomy.Theultimate aimofourresearchistoexplainth...
An exchange rate regime in which the exchange rate is fixed to the base currency, such as the US dollar, and the entire amount of domestic currency in circulation is backed up by the central bank's base currency reserves. From:The Evidence and Impact of Financial Globalization,2013 ...
Exchange rate policy in Nigeria has oscillated from a fixed exchange rate regime in 1960, and to a pegged regime between 1970s and mid 1980s and finally to various variants of the floating regime from 1986 with the introduction of the St... T Chinweuba,C. Sunday 被引量: 1发表: 2014年...
(2012) Management of Exchange Rate Regime in Emerging Asia. Does Pak-Rupee Exchange Rate Respond to Monetary Fundamentals? A Structural Analysis "Since the exchange rate began moving towards its market value, the imports have decreased and export volumes have recently started increasing," he said....
Dual Exchange Rate A situation in which acurrencyhas two officialexchange rates, onepeggedto another currency and the otherfloating. Each is used for different things. The exchange rate formoneyused for sectors seen as essential, such as food, is fixed, while "non-essential" sectors are allowed...
THE PRICE OF OIL AND EXCHANGE RATE DETERMINATION IN NIGERIA This paper examine whether a link exists between oil price shocks and the Nigerian real effective exchange rate and other determinants of exchange rate. Un... BU Omojimite - 《International Journal of Humanities & Social Science》 被引...
Real Exchange Rate Misalignment: An Application of Behavioral Equilibrium Exchange Rate (BEER) to Nigeria This paper seeks to estimate the long run behavioral equilibrium exchange rate in Nigeria. The empirical analysis builds on quarterly data from 1986Q1 to 2... SUR Aliyu - 《Social Science Ele...
JEP exchange rate The pound is the currency of Jersey. Jersey is in currency union with the United Kingdom, and the... DOT conversion NGN exchange rate The naira (sign: ; code: NGN) is the currency of Nigeria. It is subdivided into 100 Kobo. The... TZS conversion For earlier ...
The Central Bank of Nigeria (CBN) has tinkered with the country’s exchange rate, and in the process, unified the previous various exchange rates