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Economists evaluate Nigeria-China currency swap On A map of Nigeria Some Financial Economists have expressed great concerns on the minor influence that the Nigeria-China currency swap had  on the country’s economy, three years after. The experts told the Newsmen in Lagos on Friday  that the volume of currency import so far traded, had not been significant, though a few swaps took place. The pact which marked three years of implementation in April, was signed on April 27, 2018, to ease demand pressure on the country’s supply of foreign exchange. The Chief Executive Officer of Arvo Finance, Mr Ayotunde Bally, said that the pact had not been fully utilised due to a decrease in the drawdown of the money input of the Chinese Yuan to the Central Bank of Nigeria.

Johnson chukwuMiyetti allahNdubisi nwokomaAyotunde ballyCentre for economic policy analysisBureau deFounder of cowry asset managementCentral bankUniversity of lagosKindly share this storySouth sudanFinancial economistsChief executive officerArvo financeChinese yuanBureau de change