![Naira’s value continues to plummet despite Central Bank of Nigeria’s efforts By Investing.com Naira’s value continues to plummet despite Central Bank of Nigeria’s efforts By Investing.com](https://shmi.ir/wp-content/uploads/2023/11/1699609636_Nairas-value-continues-to-plummet-despite-Central-Bank-of-Nigerias-150x203.jpg)
[ad_1] © Reuters. The Nigerian Naira continues to experience significant depreciation, despite the Central Bank of Nigeria’s attempts to strengthen the local currency. The Naira’s value has been on a downward trajectory since June 2023, when forex reforms triggered the floating of the local currency from N471.67 per dollar, marking the beginning of its depreciation