Sanusi Says No To Imf: Questions their advice - Politics - Nairaland
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| Sanusi Says No To Imf: Questions their advice by Justcash(m): 6:34pm On Feb 21, 2011 |
Central Bank of Nigeria (CBN ) Governor Lamido Sanusi said on Monday he did not believe that the naira was over-valued and criticised advice from the International Monetary Fund (IMF) which last week recommended greater exchange rate flexibility. "We do not believe that the naira is over-valued , We do not believe that at a time when the oil price is going up and output is going up we should be losing the value of our currency," Sanusi told CNBC Africa television. "We also do not think that it makes sense, if the IMF is concerned about inflation, to ask a country that is import dependent to devalue its currency , So the advice given by the IMF, frankly, is not based on sound economic logic." The IMF issued a statement last Thursday after its latest round of consultations with Nigeria, in which it noted foreign reserves had been falling and speculation against the naira could "become intense" if the depletion continued. Sanusi said the International Monetary Fund had gone ahead and published the advice without giving Nigeria's position. Source: http://www.businessdayonline.com/NG/index.php/news/76-hot-topic/18377-cbn-governor-says-naira-not-over-valued |
| Re: Sanusi Says No To Imf: Questions their advice by aljharem(m): 6:40pm On Feb 21, 2011 |
thank God he is not stu.pid how can they ask us to devalue our money because of what  have they told england to do the same oyinbo no like us at alll |
| Re: Sanusi Says No To Imf: Questions their advice by ShangoThor(m): 6:45pm On Feb 21, 2011 |
This issue is so stupendous that I’m beginning to think that the way the info was leaked to the media and timing reeks of electioneering propaganda.  |
| Re: Sanusi Says No To Imf: Questions their advice by ikeyman00(m): 10:16pm On Feb 21, 2011 |
lets see what kolo-analyst make of that arguing till thy kingdom come  |
| Re: Sanusi Says No To Imf: Questions their advice by seanet02: 10:26pm On Feb 21, 2011 |
Thank God it was not an ibo man tenure, he will have siddon and sign. Soludo mu he he |
| Re: Sanusi Says No To Imf: Questions their advice by Muza(m): 11:27pm On Feb 21, 2011 |
SANUSI, MAHN! |
| Re: Sanusi Says No To Imf: Questions their advice by ikeyman00(m): 12:16am On Feb 22, 2011 |
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u mean under slowpoke obj the police chop chop and his co patner avaition minster iam beginning to beleive u are being troubled by sango evil spirit  |
| Re: Sanusi Says No To Imf: Questions their advice by Beaf: 12:42am On Feb 22, 2011 |
seanet02: Do you realise how stupeed you sound? How can anybody be this damaged? |
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