According to currency exchange operators, the Federal Government’s move to unify multiple exchange rates in the country will attract over $25bn diaspora remittances. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, had recently hinted of the Federal Government’s plans to unify the multiple exchange rates to generate more local currency from its dollar inflows and further achieve naira stability. The President, Association of Bureau De Change Operators of Nigeria, Alhaji Aminu Gwadabe, while outlining the benefits of the unification, said It will attract over $25bn diaspora remittances, lead to increase liquidity and discourage speculation and hoarding. According to him, the unification of exchange rates is a mechanism for a shift in the static exchange rate regime to a flexible exchange rate regime, and remains the only solution to forex market rate stability. Learn more about your ad choices. Visit megaphone.fm/adchoices