Again, IMF calls on Nigeria to lift forex curbs

IMF headquarters, Washington DC

IMF headquarters, Washington DC

25 February 2016, Lagos – The International Monetary Fund (IMF) has reiterated its call for Nigeria to lift foreign exchange curbs.

The IMF noted that eliminating existing macro-economic imbalances and achieving sustained private sector-led growth requires a renewed focus on ensuring the competitiveness of the economy.

As part of a credible package of policies, the fund recommended that the naira “exchange rate should be allowed to reflect market forces more and restrictions on access to foreign exchange removed, while improving the functioning of the interbank foreign exchange market (IFEM).”

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