Outlier Brief archiveFX & External
FX Reserves and the Stability Trade: How Durable Is the Calm?
11 Jun 2026·5 min read
Gross reserves at ~$49.5bn and improved FX liquidity underpin the naira's calm. But reserve-backed stability is conditional on the very flows — oil receipts, remittances, portfolio capital — that can reverse. Here's what to monitor.
