Announcement
01 Dec 2008
In December 2008, the government of Nigeria announced the devaluation of its national currency.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
1 in force
Implementation date
01 Dec 2008
Revocation date:
No revocation date
Competitive devaluation
In force
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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