Henry Boyo And Implications Of Devaluation Of Naira - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / Henry Boyo And Implications Of Devaluation Of Naira (684 Views)
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| Henry Boyo And Implications Of Devaluation Of Naira by courage89(m): 10:49pm On Feb 19, 2016 |
| Re: Henry Boyo And Implications Of Devaluation Of Naira by courage89(m): 10:54pm On Feb 19, 2016 |
Before we devalue the naira, we need to understand the short and long term implications of our actions. We need to be able to compare potential benefits of devaluation vs. implications surrounding devaluation. We need to understand the cost benefit analysis of this decision before we make it. 1. We need to the understand implication of devaluation on Inflation. CBN and other concerned agencies should be able to forecast and tell us what the inflation rate will be in the next 10 -15 years, based on devaluation. 2. We need to understand the implication of this decision on interest rate going forward. What would be 10 -15 years forecasted interest rates as a result of inflation? 3. We need to understand the CBN's stand on exchange rate stability based on devaluation. 4. What will be the implication of this decision on employment? If this is going to create employment, by how much and how are these jobs going to be created. |
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