PHOTO News: CBN Boss, Cardoso Throws More Light on Nigeria’s Foreign Reserve Position…details

The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso has attributed the shift in Nigeria’s foreign reserve position to debt obligations; says it is not the intention of the Bank to defend the Naira but rather to encourage the practice of willing buyer, willing seller and price discovery.

Dr. Olayemi Cardoso expresses optimism about sufficient liquidity and vibrancy in the Nigerian foreign exchange market

CBN Governor, reiterates commitment to the pursuit of orthodox monetary policy by the CBN with emphasis on trust and credibility.

Olayemi Cardoso, however, shares strategy of monetary policy reforms and turn around in Nigerian economy while commending collaboration between the Central Bank and Nigeria’s fiscal authorities, stresses that cooperation is key to achieving inflation targeting framework.