Plz, can u guys help me explain how money is measured. How do the world market valued o e country's currency over another an what makes the value of one currency to rise against another.
Also, what does it mean to rescue a currency or to devalue a currency.
And finally, assuming your are in the helm of affairs in Nigeria, what will you do in other to help restore the value of the Naira ... Cos today, a topic abt the naira hit the FP and peeps were blaming the presidency for its lost in value.

****abeg no big big grammer... Just d lay man language ****
Thanks

Supply and demand.

Layman's explanation
The less the dollar in circulation, the more the number of people ready to pay more naira to lay their hands on the few dollars available.
Say I offer 20 naira for one $1, another man who has been looking for $1000 might offer N23 to the same Mallam and asking him to keep all his dollars for him( tell him not sell to anybody).