L
LequteMan
Guest
The Acting Director, Corporate Communications, CBN, Mr. Isaac Okoroafor, has stated that the modalities for the planned flexible exchange rate policy is being worked out and will be released in due course.
“The modalities have not been released. The CBN governor has explained that we have to find a way of creating some flexibility around the foreign exchange management as it is today and details will be released in due course.”
He said the Monetary Policy Committee’s decision to adopt a flexible forex policy was made in the interest of the country, and that the proposed policy would help to stabilise the economy.
He spoke in Lagos at a one-day interactive session between the CBN and industry stakeholders.
“The modalities have not been released. The CBN governor has explained that we have to find a way of creating some flexibility around the foreign exchange management as it is today and details will be released in due course.”
He said the Monetary Policy Committee’s decision to adopt a flexible forex policy was made in the interest of the country, and that the proposed policy would help to stabilise the economy.
He spoke in Lagos at a one-day interactive session between the CBN and industry stakeholders.
