Impact of Foreign Exchange Policies on Investments & Financings: The Nigerian Experience
15 Pages Posted: 27 Feb 2017
Date Written: December 16, 2016
The volatility of foreign exchange policies of developing countries has been identified as one of the major hindrances impeding the growth of investments and developments in these parts of the world, with the resultant effect of stultifying the achievement of the Sustainable Development Goals.
This paper therefore seeks to examine the impact of the recent changes in the Nigerian foreign exchange policies and how these changes can, and have actually influenced corresponding decrease in investments and financings within the Nigerian polity; as a depiction of the effects of such volatile foreign exchange policies (as recently witnessed in Nigeria and as prevalent in other Africa countries) on achievement of growths in the developing and underdeveloped countries.
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