The International Monetary Fund (IMF) says the long-term rate of the depreciation of the naira equates to a loss of 10.6 percent of its value annually since 1973. According to the IMF, this rate is 1.5 times higher than the long-term rate of the currencies of other emerging markets and developing economies at 7.2 percent, … Continue reading Nigerian Naira Loses 10.6% Of Its Value Yearly – IMF