None
VI
CBN Holds Fair In Bauchi, Recommits to Deepening Policy
[]
THISDAYLIVE
Represented by the CBN Branch Controller, Bauchi, Michael Dalyop, the Director noted that these objectives are critical to sustainable economic growth and development of the country’s economic sector.
The director added that the reforms introduced under his leadership are beginning to produce measurable gains, including improved macroeconomic stability, easing inflation and greater confidence in the foreign exchange market.
According to her, “The Fair is one of the Bank’s platforms strategically designed to engage the public on the Bank’s policies and initiatives.”
For instance, the reforms implemented in the foreign exchange market have unified the exchange rate, engendered transparency and boosted confidence in the market as evidenced by the relative stability in the exchange rate Foreign reserves have grown above USD 50 billion and foreign investments in the economy are also growing.”
The Branch Controller added, “Inflation is trending downwards as the CBN continues to work diligently towards achieving a single-digit inflation rate.