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Nigeria Has Officially Floated Its Naira Currency - Investment - Nairaland

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Is The Naira Truly Floated / It's now officially 5% daily Come In If You Have Any Capital / MMM Has Officially Closed Worldwide (2) (3) (4)

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Nigeria Has Officially Floated Its Naira Currency by ernie4life(m): 11:54am On Jun 14, 2023
Nigeria has officially floated its naira currency after years of sticking with a multiple exchange rate system that spooked investors and hobbled the economy.

Sources familiar with the matter told BusinessDay Wednesday that a market rate based on a willing buyer and a willing seller is currently being quoted by banks who sent out emails to some customers confirming the change.

The I & E window is showing a range of between N750 -N755/$


Sources
https://businessday.ng/news/article/nigeria-officially-floats-naira-as-ie-rate-hits-n755/
Re: Nigeria Has Officially Floated Its Naira Currency by Nobody: 12:14pm On Jun 14, 2023
Hmm
Re: Nigeria Has Officially Floated Its Naira Currency by funkeyuche: 10:07am On Jun 16, 2023
Please what does floating the naira actually means in plain lauguage.



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