Nigeria Central Bank Said to Weigh Dual Exchange-Rate System
- Central bank may unveil new policy this week, person says
- Naira forwards rise to record, suggesting fall to 301 by Sept.
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The Central Bank of Nigeria may introduce a dual exchange-rate system and weaken the naira when it unveils a new policy as soon as this week, according to a person who attended a meeting between Governor Godwin Emefiele and bankers.
The regulator will probably make an announcement in a circular to banks, said the person, who asked not to be identified discussing the private talks held June 9 in Abuja, the capital.