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Nigeria’s Apex Bank Explains Currency Devaluation

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Posted by: CareTaker on December 17, 2008 Under: News Snips, Nigeria

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THE Governor of Central Bank of Nigeria (CBN), Professor Chukwuma Soludo, said on Tuesday that the devaluation of the nation’s currency, the naira, against some world currencies was a deliberate policy by the government to ensure internal and external balance for the economy. - Nigeria Tribune.

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