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Nigeria: Deliberate devaluation of the Naira

Description

According to numerous and consistent press reports, the Central Bank of Nigeria has deliberately devalued the local currency at the end of 2008. Professor Chukwuma Soluda, Governor of the Central Bank...

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Intervention Details

Intervention Type

Competitive devaluation

MAST Chapter

G: Finance measures

Implementation date

01 Dec 2008

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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