Naira misses IMF exchange rate listing for June

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Naira has failed to make the list of Representative Exchange Rates for Selected Currencies for June 2024, published by the International Monetary Fund.
The list, which includes currencies from around the world, features several African countries, such as the Algerian dinar (134.492200), Botswana pula (0.072800), Mauritian rupee (46.478600), South African rand (18.697800).
This omission comes as Nigeria’s currency continues to face challenges, including a fluctuating exchange rate and a struggle to maintain stability.
Experts believe that the country’s economic woes have been exacerbated by inflation, currency fluctuations, and a decline in foreign investment.

Written by: bossgmsi

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