rabonni:
Keep pumping it in, when una nor see pump again, na were water pass garri

Till when the will pump water. Better than laundering and looting the cash out of system. Let's enjoy now.

they should just stop the intervention so that we all will suffer it since the citizens are not appreciating their efforts when they are doing everything humanly possible to ease our pains but all we do is to wait for simple error to capitalize on f scrutiny.

davidif:


My sister it doesn't even make sense because when you intervene to boost the value of your currency you have to dip in to your foreign reserves and with oil money not flowing as it used to, the future could be scary.

right!

and no one needs an MBA to know these things are supposed to happen naturally.
The only intervention needed from the Government is better economic policies and infrastructure, not artificially boosting the currency.

Also, the IMF has warned them about the repercussions.

Let's watch and hope that when it gets bad, it doesn't get too bad.

davidif:


The problem is that in order to artificially prop up your currency you need to burn through your reserves which means that it's not sustainable because nothing lasts forever, especially money.

you are right but I hope it's a short term solution though.

Cuteamigo1:

you are right but I hope it's a short term solution though.

That's the question bro, what are they trying in the short term that they are willing to waste (that's the right word because intervening does not change the market value of the naira) money on.

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