EFTA Document EFTA01379412
22 December 2017 EM Currency Handbook 2018: Still Fuel in the Tank Regulatory framework and approach • The government is the main recipient, and, therefore, supplier of foreign exchange in the economy, through oil related taxes and revenues of the Nigerian National Petroleum Corporation. • A Certificate of Currency Importation (CCI) is required for foreign investors to buy FX. These are issued when FX is imported into Nigeria. • The central bank uses a monetary targeting regime. Under
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22 December 2017 EM Currency Handbook 2018: Still Fuel in the Tank Regulatory framework and approach • The government is the main recipient, and, therefore, supplier of foreign exchange in the economy, through oil related taxes and revenues of the Nigerian National Petroleum Corporation. • A Certificate of Currency Importation (CCI) is required for foreign investors to buy FX. These are issued when FX is imported into Nigeria. • The central bank uses a monetary targeting regime. Under
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25 September 2015 FX Forecasts and Valuations: Don't throw in the towel Romania EURRON remains tightly managed by the NBR, and has effectively traded within the 4.40-4.50 range since early 2014. We do not expect a change in this managed currency regime or the EURRON range maintained by the NBR. RON remains undervalued on our fundamental valuation metrics, indicating that there is unlikely to be pressure to weaken the currency. Further, the NBR would not want to increase volatility or adver
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