Announcement
25 Nov 2014
In November 2014, the government of Nigeria announced the devaluation of its national currency.
Source
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
1 in force
Implementation date
25 Nov 2014
Revocation date:
No revocation date
Competitive devaluation
In force
On 25 November 2014, the Central Bank of Nigeria (CBN) devalued the Naira by nearly 10 per cent and increased its interest rate from 12 to 13 per cent. The measure should counter the effect of fallin...
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