CaesarII:


Its all been nice analysis from the op and you too.
However, your last sentence may not suffice. 220-260 in December?
Emefiele himself said it, we need to increase our supply in the market, so demand will be met. To increase this supply in the market we need to trade, I mean export. If we do so and gets paid in dollar in the international market, that means we hold a significant amount of dollar out there. Then companies/government/individuals who export can put the dollar in the open market. But has our export increased? Has production for local consumption increased?
Emefiele also cautioned about rush, else we spike interest rate. Let us note that rush is a common gene in 170 million Nigerians.

you never know, even homecoming fr the holidays shd have some dint on dollar supply and hence rates