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 initial focus of the market structure discussion?

• The size of the market

• The name of the speaker

• The role of the Governor

• The promise of market operation

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

• By government intervention

• Through a fixed rate system

• Using a market-driven approach

• By public voting

What systems are mentioned for matching in the market?

• Google Finance and Yahoo Finance

• Euronext and LSE

• Thomson Reuters and other matching systems

• Bloomberg and Nasdaq

What is the role of the CBI in the market?

• To regulate stock prices

• To set fixed exchange rates

• To participate through periodic interventions

• To eliminate foreign exchange

Who are the FX primary dealers?

• Government officials managing the market

• Registered dealers dealing directly with banks for large thread sizes

• Banks dealing with small thread sizes

• Individuals trading small amounts