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How does Nigeria address currency exchange risks for exporters?
Posted : 29/04/2024 12:09 pm
Nigeria addresses currency exchange risks for exporters byÂ
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Identifying and evaluating exposure to exchange risks
 Having a risk management team to monitor trends and their effects on business
 Pricing sales in foreign currency in exchange for cash
 Opening a domiciliary account to minimize risks
 Signing off a foreign exchange policy by the Board
Using forward contracts to trade assets at a predetermined price
Using currency swaps to eliminate interest rate and exchange rate risk
Using Vanilla options to trade foreign currency at a predetermined rate
Posted : 30/04/2024 12:42 pm