• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, June 6, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Naira Omitted From IMF Exchange Rates List For June

by Ruth Nwokwu
1 year ago
in News
Naira
Share on WhatsAppShare on FacebookShare on XTelegram

While Nigeria implements measures to stabilise its exchange rate and economy, the local currency Naira has been omitted from the International Monetary Fund (IMF) list of Representative Exchange Rates for Selected Currencies for June 2024.

Advertisement

The List which was published on IMF’s official website on Tuesday features several African countries’ currencies like the Algerian dinar (134.492200), Botswana pula (0.072800), Mauritian rupee (46.478600), South African rand (18.697800), amongst those other from other continents.

Reacting to the omission of the Nigerian Naira, Economic Expert, Jonathan Thomas, said that the development could reduce foreign investors’ confidence in Nigeria’s economy

“The absence of the Naira from this list may further undermine investor confidence in Nigeria’s economy.

“Nigeria’s economic struggles have been ongoing, with the country facing a daunting task in stabilising its currency and revitalising its economy.

RELATED

Police Investigate Fire Incident At Redeemed Church

Fire Guts Section Of Kano Phone Market On Eid Day

29 minutes ago
Interim Gov’t Plot: Shehu Sani Taunts DSS Over Claim

Hardship: El-Rufai, Amaechi Owe Nigerians Apology — Shehu Sani

34 minutes ago

“The IMF has been working with Nigeria to implement economic reforms, but progress has been slow. The absence of the Naira from this list serves as a stark reminder of the country’s economic challenges,” he said.

Other economic experts have also explained that the omission of the Naira was due to the high rate of inflation and the decline in foreign investments. The IMF’s Representative Exchange Rates list provides a platform for currencies, facilitating international trade and financial transactions.

Other currencies listed in the Fund’s report included; Asia: Chinese yuan (7.246300), Japanese yen (157.150000), Indian, rupee (83.065900), Korean won (1,381.600000), Kuwaiti dinar (0.306500), Omani rial (0.384500), Philippine peso (58.524000), Qatari riyal (3.640000), Saudi Arabian riyal (3.750000), Singapore dollar (1.351100), Thai baht (Not Available), U.A.E. dirham (3.672500), and Brunei dollar (1.351100).

Europe: Euro (1.084200), U.K. pound (1.271450), Czech koruna (22.798000), Danish krone (6.879700), Norwegian krone (NA), Polish zloty (3.950100), Russian ruble (89.375500), Swedish krona (10.517890), Swiss franc (0.901100)

North America: Canadian dollar (1.363500), Mexican peso (17.633800) U.S. dollar (1.000000), Trinidadian dollar (6.706100)

South America: Brazilian real (5.236700), Chilean peso (916.770000), Peruvian sol (NA), Uruguayan peso (38.786000)

Oceania: Australian dollar (0.664600), New Zealand dollar (NA).


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: Naira
SendShareTweetShare
Previous Post

BATN Seeks Sustainable Regulation Of Nicotine, Tobacco Products To Achieve Smoke-free Economy

Next Post

Natasha Flags Off Construction, Remodelling Of Schools In Kogi

Ruth Nwokwu

Ruth Nwokwu

You May Like

Police Investigate Fire Incident At Redeemed Church
News

Fire Guts Section Of Kano Phone Market On Eid Day

2025/06/06
Interim Gov’t Plot: Shehu Sani Taunts DSS Over Claim
News

Hardship: El-Rufai, Amaechi Owe Nigerians Apology — Shehu Sani

2025/06/06
Benue Governor Launches Security Outfit, Donates Vehicles
News

Benue Gov’t Directs Residents To Vacate Flood-prone Areas

2025/06/06
What You Should Know About Long-term Side Effects Of COVID -19
News

Diphtheria: 4,017 Persons Vaccinated As Death Toll Hits 10 In Imo

2025/06/06
PICTORIAL: Gov Eno Visits Akpabio With 8 Govs, Others After Defection To APC
News

PICTORIAL: Gov Eno Visits Akpabio With 8 Govs, Others After Defection To APC

2025/06/06
Traders Beg Gov Eno To Enforce Order Banning Market Cartels In Akwa Ibom
News

Defection: APC Welcomes Gov Eno, Assures Full Accommodation

2025/06/06
Leadership Conference advertisement

LATEST

Fire Guts Section Of Kano Phone Market On Eid Day

Hardship: El-Rufai, Amaechi Owe Nigerians Apology — Shehu Sani

Raphinha Named 2024/2025 La Liga Player Of The Season

Benue Gov’t Directs Residents To Vacate Flood-prone Areas

Gabriel Signs New Long-term Deal At Arsenal 

Diphtheria: 4,017 Persons Vaccinated As Death Toll Hits 10 In Imo

PICTORIAL: Gov Eno Visits Akpabio With 8 Govs, Others After Defection To APC

Defection: APC Welcomes Gov Eno, Assures Full Accommodation

Eid-ul-Adha: Soun Of Ogbomosoland Calls For Peace, Unity, Religious Tolerance

Sallah: Sultan Tasks Leaders On Unity, Commitment To Solving Nigeria’s Challenges

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.