Experts: Nigeria's Exit from FATF Grey List to Boost Forex Supply
Nigeria's exit from the Financial Action Task Force (FATF) grey list is expected to restore investor confidence, stabilize the foreign exchange market, and strengthen the naira, according to Bureau De Change (BDC) operators and financial experts.
The FATF grey list is a global watchlist of countries with strategic deficiencies in combating money laundering, terrorist financing, and proliferation financing.
Experts noted that the development is expected to attract more foreign investment and improve liquidity in the forex market.
- Enhance Nigeria's ability to access global financial markets
- Reduce restrictions on correspondent banking relationships
- Foster smoother international transactions
Author's summary: Nigeria's exit from FATF grey list to boost forex supply.