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World Bank says Nigeria Lost $144b in 4 years as over CBN Exchange Rate Policies

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World Bank says Nigeria Lost $144b in 4 years as over CBN Exchange Rate Policies

The Central Bank of Nigeria’s (CBN) approach to managing exchange rates has drawn criticism from the World Bank once again and caused disagreement among economists and public policy professionals. According to a paper posted on the World Bank website, the CBN’s method of managing currency rates cost the nation a staggering $144.1 billion between 2017
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