The foreign exchange market..Forex is the market of foreign and local currency, where the rule of demand and supply strictly apply, why Forex? there is transaction between the nation which involve money, as well as there is no unique money round the globe it become the necessity to know the value of any currency.
Stock exchange market is a market where an individual with extra money put his extra money to work for him in a company, if you own a share of a company, you own part of that company and you and other share holders own the company in common.
why invest your money in stock market, it's simply because your money may be protected of the evident and unseen risk. Stock market protect you of losing your money, also it protect your money against unseen risk... the inflation.
But why this two market directly affect our local market? why poor feel the impact of these market? why hike related to these market? why these markets kill our currency? why there is no change any longer in the market?
is CBN works only for the Forex marketers and the stock holders?
why CBN abandoned the local currency?
is CBN guilty of malpractice in our currency that reduced to half in circulation?