On Wednesday, the 14th of June 2023, Nigeria called to unify exchange rates. Nigeria had an official rate, a parallel or blackmarket rate and the investors and exporters (I&E Window) among other exchange rates. In this video, I aim to explain the new exchange rate policy adopted by Nigeria and what it means for you. #FinanceFriday #ExchangeRate

CHAPTERS:

0:00 Introduction
0:37 What is an Exchange Rate
1:09 Floating and Fixed Rate
2:27 What is the Purpose of Naira Unification
5:11 What are the Changes Made?
7:45 What is the Impact of this Policy?

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