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Zimbabwe liberalized its foreign-exchange market and raised interest rates, among a new raft of measures aimed at stabilizing the nation’s currency and reining in resurgent inflation.

This article explores why interest rates matter in the realm of currency exchange rates, with a particular focus on the relationship between interest rates and yield differentials.

Nigeria’s new foreign exchange policy promises to discourage rent-seeking, attract foreign investment, boost exports and prevent the dollarisation of the economy but consistency is key to success.