CLEAN : Nigeria to stop defending naira

The video discusses the structure and dynamics of a market system, emphasizing a single market structure through interbank and autonomous windows. It explains that the exchange rate will be market-driven using systems like Thomson Reuters. The CBI will intervene in the market as needed, and FX primary dealers will be introduced to enhance market dynamics.

What is the significance of the market operating as a single market structure?

How will the exchange rate be determined according to the text?

What role will the CBI play in the foreign exchange market?

What is the purpose of introducing FX primary dealers?

Who will be registered by the CBN to deal directly with the bank?