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The Central Bank of Nigeria (CBN) says it is not planning to introduce a new naira policy that will crash the dollar exchange rate to N1.25 kobo.
Independent Mirror report a report circulating online today claimed that the apex bank is mulling a new FX policy.
According to the report, the policy is scheduled for November 2023 and will better anchor inflation expectations and make for easier conversion to other major currencies.
Commenting on the report in a statement today — accompanied by a screenshot of the report on its X handle— the CBN said the publication is false.
