Tag "Exchange reserves"

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Middle East/North Africa Natural resources and energy

Oil price drop reveals Iraq’s structural problems

“Iraq’s state finances are increasingly vulnerable to a drop in oil prices and the government could have difficulty financing this year’s budget plan.” – IMF Mission Chief for Iraq, 27

Economics Sub-Saharan Africa

Hard policy choices ahead for the Central Bank of Nigeria

With a sliding currency, the Central Bank of Nigeria is faced with a difficult policy choice. Its efforts to stabilise the naira and tame inflationary pressures are likely to be