IMF urges Nigeria to eliminate currency exchange restrictions

The International Monetary Fund is urging Nigeria to eliminate remaining currency exchange restrictions and increase rate flexibility. In its latest regional report entitled “Restarting the Growth Engine”, the Fund says these policies are inflicting serious damage on an economy still struggling to adjust to the realities of sustained lower commodity prices. Our Washington Correspondent Daniel Ryntjes has been talking to the IMF’s Africa Director Abebe Aemro Selassie.

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