Naira Overvalued by 30% Against the Dollar – Rencap Declares

Nigeria’s naira, long at the heart of policy debates, has now been declared the most overvalued currency in Africa by Renaissance Capital Africa (Rencap), which estimates it is overpriced by as much as 30% when measured against the real effective exchange rate model (REER). The investment house’s findings land at a delicate moment for the

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