The Impact Of Foreign Exchange Management On The Nigerian Economy

This research work investigates the impact of foreign exchange management by the monetary authority of Nigeria, the Central Bank on the Nigerian economy using the ordinary least squares regression technique for time series data spanning 1981 to 2007. From the findings of this research work, it was observed that the success of foreign exchange policies critically depends on the foreign exchange rate elasticity of foreign demand for the country's export. In Nigeria's case, exports are basically primary in nature i.e. either mineral or agricultural products which at reduced external prices (due …