Forex Policies Yielding Results: CBN’s Strategies Praised by Economic Analyst Rewane

 Economic analyst Bismarck Rewane has voiced optimism regarding the Central Bank of Nigeria’s (CBN) recent foreign exchange (forex) policies, stating that they are beginning to show positive outcomes.

 Rewane’s assessment highlights increased forex liquidity, stabilization of the naira, and restored investor confidence as key indicators of the policies’ success. 

He particularly noted the positive impact of the unified exchange rate. Rewane stressed the importance of policy consistency and maintaining the current direction to ensure sustained benefits. 

While acknowledging that long-term effects are still to be observed, he expressed confidence in the initial positive trends, providing a boost to the CBN’s efforts to stabilize the forex market and promote economic stability.