| Heineken’s experience with the Nigerian naira brings a whole new dimension to currency risk. Yet the Dutch brewing giant is sufficiently global to cope with a few stuttering petro-economies.
Nigeria’s central bank pulled its currency peg with the U.S. dollar in June. The naira plummeted more than 40% on its first day of trading after the announcement. But a devalued exchange rate is better than no exchange rate, said Heineken’s Chief Financial Officer Laurence Debroux...............................................Full Article: Source
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