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Nairaland Forum / Nairaland / General / Business / Sanusi Wants Flexible Exchange Rate System Fully Implemented (8810 Views)
Exchange Rate As Of Today / Forex: CBN Throws Naira Into Open Market, Nullifies N197/$ Exchange Rate / CBN Adopts Flexible Exchange Rate Policy (2) (3) (4)
Sanusi Wants Flexible Exchange Rate System Fully Implemented by Adesiji77: 8:02am On Jul 15, 2016 |
The Emir of Kano and former Central Bank of Nigeria (CBN) Governor, Alhaji Muhammad Sanusi II, has said the flexible exchange rate regime recently introduced by the central bank is not being fully implemented, just as he warned that targeting a pegged rate will not resolve the current forex problem.http://www.thisdaylive.com/index.php/2016/07/15/sanusi-wants-flexible-exchange-rate-system-fully-implemented/ 3 Likes 1 Share
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Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by Arian11(m): 8:07am On Jul 15, 2016 |
A man with sense has spoken 4 Likes |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by veekid(m): 12:42pm On Jul 15, 2016 |
Too much talks; less action |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by Mopolchi: 12:42pm On Jul 15, 2016 |
okay, after you follow scatter naira na now you want flexibility? You better control your emirate or we dethrone you. 14 Likes 2 Shares |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by HarbySloy(m): 12:43pm On Jul 15, 2016 |
Let me park here... |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by Nobody: 12:43pm On Jul 15, 2016 |
. |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by Abrahamtaylour: 12:44pm On Jul 15, 2016 |
Same thing I told Buhari when he flashed me and I called back 19 Likes 1 Share
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Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by royalfamily(m): 12:45pm On Jul 15, 2016 |
Who has two BlackBerry charger should lend me one please. |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by mn09abk: 12:48pm On Jul 15, 2016 |
We need man back atleast for 2 years....abeg drop the turban and go back to safari suits that Godwin no just wan Win |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by sofadj(m): 12:50pm On Jul 15, 2016 |
I think its time for Emefiele to be replaced 3 Likes |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by emerged01(m): 12:52pm On Jul 15, 2016 |
Wetin we no go hear? Let them continue we dey hear. |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by tammie24: 12:53pm On Jul 15, 2016 |
He should take several seats 1 Like |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by worlexy(m): 1:10pm On Jul 15, 2016 |
We hope the power that be would listen |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by Pesuzok(m): 1:18pm On Jul 15, 2016 |
sofadj:You want my people to cry marginalization? 2 Likes |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by oluwagream: 1:23pm On Jul 15, 2016 |
This man right here, is a sound economist. He is right about everything. It almost felt like macroeconomics lectures again....almost forgot I was on Nairaland. Brothers and sisters , we have brains in this country. Authoritatively, we can say the PDP regime was able to bring together a vibrant economic team compared to other regimes. Although, dem chop money no be small. But their economic team, from d minister of finance, CBN gov, Trade and Investment, Etc.. were brilliant. It looks to me like the present economic team only read "Economics key point for secondary school" and thought they were intellectually grounded, but they are not. Things must change 17 Likes |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by Nobody: 1:29pm On Jul 15, 2016 |
does he still want the job? |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by oluwagream: 1:30pm On Jul 15, 2016 |
Pesuzok:Well they might replace him with another southerner. It really doesn't matter. 1 Like |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by temptnow: 1:31pm On Jul 15, 2016 |
My own is buhari will never have that oil. Period |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by oluwagream: 1:32pm On Jul 15, 2016 |
temptnow:OK Mr Tompolo 1 Like |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by bsaying(m): 1:33pm On Jul 15, 2016 |
V |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by bonechamberlain(m): 1:33pm On Jul 15, 2016 |
These people are using innuendos to tell the govt that's it's policies are rubbish but would the illiterate ruler understand. 1 Like |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by rose54321: 1:40pm On Jul 15, 2016 |
hmm, i fully agree with Sanusi this time around. The Floating Exchange Rate policy which was fully welcomed has to be fully implemented. Just look at remittances from the Diaspora, it was approximately 20 billion in 2015; since the policy the official rate rose above $300 per dollar, encouraging most Nigerians outside Nigeria to send money home. I am certain 2016 remittances might almost double this. |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by chimauga(m): 2:24pm On Jul 15, 2016 |
This very scammer called 3 Likes |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by mujaya1(m): 2:25pm On Jul 15, 2016 |
Please buhari replace this emefele with ignorance almajiri from north and see how this problem will be tackle. |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by elbangeez: 2:38pm On Jul 15, 2016 |
This man is a wasted talent. He should be in economic team list not emirs list |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by Enesi13: 3:03pm On Jul 15, 2016 |
:why do people who comment on Nairaland easily abuse either a certain ethnicity, religion, or region? i dont get it. dont tell me that most nairalanders lack simple courtesy. you abuse buhari and jonathan sadly, their ward or children will never do such. this shows that irrespective of their flaws they are better than your father and their children are better than you. so why do you complain when people who are obviously better are ruling? 1 Like |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by TomLepskie(m): 3:08pm On Jul 15, 2016 |
From what i read here the govt of pmb needs to be applauded rather than booed cuz most of the points Sanusi made here are already being implemented by the Buhari govt. We all know that a significant effort has been made to bring back the three refineries to life, we all have seen them work at different capacities too, if gej with all the wasted resources made half the effort the present govt hv done we would hv had a better Nigeria today. With the celebrated looters undermining the efforts of the present govt by sponsoring the NDA not only to cripple the economy but also to frustrate the efforts of the govt in the area of electricity and refineries by cutting gas supply to the turbans as well as cutting crude oil supply to the refineries. Truth be told, if i score Geg's govt 50% i ll score the present govt 75%.sanity is also gradually returning to the system even though we can't see it due to the enormous hardship we are currently experiencing. 1 Like |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by OXYZ: 3:14pm On Jul 15, 2016 |
Sanusi,always on point,with sound understanding of the workings of the economy.I wish we could have the calibre of people like Sanusi or Jega from nothern region leading this country in the future. |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by mikeapollo: 3:45pm On Jul 15, 2016 |
Sanusi had advised the CBN in late 2015/early 2016 to devalue the Naira but Emefiele rejected the idea. Even though it is not always a good idea to devalue the urrency, the CBN waited for too long until a huge scarcity of dollars set in which increased and worsened the spread between the official rate (N199) and the black market (N350) before they eventually decided to float the Naira. If the Naira had been devalued much earlier to around N220-230, the disequilibrium would not have been so pronounced. Now with the official and black market rates at N281 and N350 respectively, most import-dependent companies will see their import bills rise by at least 50-80% 1 Like |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by mickey45: 3:59pm On Jul 15, 2016 |
TomLepskie:U neva chin... chin |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by mickey45: 3:59pm On Jul 15, 2016 |
TomLepskie:U neva chin... |
Re: Sanusi Wants Flexible Exchange Rate System Fully Implemented by mickey45: 3:59pm On Jul 15, 2016 |
TomLepskie: U neva chin... |
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