This increased inflow was predominant in the Investors and Exporters (I&E) window, marking $1.41 billion in June, up from $1.14 billion in May, with a significant portion of the June influx coming from domestic businesses and exporters. The Naira unification policy has led to noteworthy advancements in the domestic forex market. The policy was announced as an initiative to improve liquidity and stability by consolidating all forex market segments.

Source: Forbes August 13, 2023 17:21 UTC