Forex Availability and Exchange Rate Depreciation – A Manufacturer’s Nightmare


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Nigeria’s exchange rate policy has
been a subject of controversy. The price of forex is the major problem followed
by the availability of adequate forex supply, which leads to a blended rate
for forex transactions. In addition, there are limited hedging opportunities,
e.g. the 12-month NDF market rate is trading at N456.96/$ indicating that the
market expects the naira to depreciate.



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