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Round-tripping, speculations behind naira depreciation – FDC
By Babajide Komolafe Round-tripping of foreign exchange from the official market to the parallel market as well as activities of speculators are some of the factors behind the recent depreciation of the naira says Financial Derivatives Company. Meanwhile, cost of funds rose sharply in the interbank ...
Published By: Vanguard - Sunday, 17 June, 2012
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