HEADLINENEWS.NEWS correspondent stated that In an apparent sense of pride and confidence, the Central Bank Governor, Yemi Cardoso stated that the Naira has been declared the best performing currency globally as of April, 2024.
This achievement follows a series of foreign exchange market reforms and is supported by positive sentiment from leading international investment institutions, he declared.
Cardoso made this remark in a press briefing on the sidelines of the just concluded World Bank/IMF Press briefing in Washington DC, United States.
The Naira had the unenviable position of being the worst currency in the country in March when it fell to as low as N1,600/$1 on the official market and N1800/$1 on the parallel market.
However, it has gained a whopping 45% in April so far as a string of forex and monetary policies continue to generate positive impacts on the economy.
