Frontier Africa Reports

Aboki FX Was Driving Parallel Market Rate - Dr Hassan Mahmud

The Director of Monetary Policy at the Central Bank of Nigeria #HassanMahmud while reacting to a question on why #AbokiFX was shut down says the website which publishes rates not recognised by the bank was driving #forex rates at the parallel market and causing a lot of speculations. He also said such practice is not allowed anywhere in the world.