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This paper investigated the appropriateness of the exchange rate regime in Nigeria. The method of analysis adopted in this work is the characteristics of the economy based choice of an exchange rate regime.
The findings show that almost all the requirement point to the fact that the ideal regime for Nigerian is the flexible regime. But because Nigeria has shown frequent variability in her performance in the characteristics as bench mark, it is not match for a free float. Hence the managed float has adopted again since 2016 is appropriate considering for instance the level of the country size, openness, diversification, economic shocks and level of financial and economic development. It was suggested that to have a good result from the system element of check on the operation should be introduced to curtail issues of round tripping that can cause failure to the system.
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In-Text Citation: (Akpesiri, & Oghenemega, 2020)
To Cite this Article: Akpesiri, E. M., & Oghenemega, E. J. (2020). Exchange Rate Policy Appropriateness in a Less Developed Country: The Nigerian Case. International Journal of Academic Research in Business and Social Sciences. 10(6), 1061-1074.
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