It was meant to prevent rising commodity prices. Prices of consumer goods continue rising exponentially as dollar increases against the naira. What happened?

excanny:
It was meant to prevent rising commodity prices. What happened? Prices of consumer goods are rising exponentially as dollar increases against dollar?

the chinese yuan is also falling to the dollars, and is even more unstable than naira in value, hence it will have no effect if we turn to it.
www.siasat.com/news/chinese-yuan-weakens-friday-1015929/

Most of you are yet to realize that we are running a 'trial and error' govt. No clear economic policy direction

SUPERPACK:
the chinese yuan is also falling to the dollars, and is even more unstable than naira in value, hence it will have no effect if we turn to it.
www.siasat.com/news/chinese-yuan-weakens-friday-1015929/

Article says it was a controlled weakening of 2%, not a continuous fall.

In China’s spot foreign exchange market, the yuan is allowed to rise or fall by two per cent from the central parity rate each trading day, Xinhua news agency reported.

When u try and it fails it becomes trial and error method. Oga go sleep APC na scam

As at 11/9/16, 1 US dollar = 6.6966 Chinese yuan.