Diversion of diaspora remittances to parallel market weakens naira, says CBN

  • 📰 thecableng
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 80%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Diversion of diaspora remittances to parallel market weakens naira, says CBN | TheCable

has attributed the free fall of the naira against the dollar to the diversion of diaspora remittances to the parallel market.

“With those remittances, the dollars have come in, we know the dollars have come in but we don’t see them in the official system. So, they must be going somewhere and somewhere,” Shonubi said. “We can’t play the sentiment game. If we don’t understand the dynamics, we usually go with the literature which does not necessarily work for us.”

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker