Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,738,518 members, 6,493,220 topics. Date: Friday, 17 September 2021 at 05:55 AM

Decreasing External Reserve And Exchange Rate - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Decreasing External Reserve And Exchange Rate (799 Views)

1 Dollar = 1 Naira: Buhari Approves An Exchange Rate Of N160 To $1 / External Reserve And Debt Under Obasanjo, Yaradua And Jonathan Administrations / Fuel Subsidy And Exchange Rate (2) (3) (4)

(1) (Reply)

Decreasing External Reserve And Exchange Rate by doofanc: 2:03pm On Nov 29, 2014
we are told the reason the external reserve is decreasing is because the CBN uses it to create artificial demand for naira.

what I'm yet to understand is who buys the dollars from CBN? and when did this practice start, after all there was a time, I believe, that our currency was higher than the dollar.

secondly why do we need to keep the naira rate high in the first place?

anyone??
Re: Decreasing External Reserve And Exchange Rate by podosci(m): 2:46pm On Nov 29, 2014
doofanc:
we are told the reason the external reserve is decreasing is because the CBN uses it to create artificial demand for naira.

what I'm yet to understand is who buys the dollars from CBN? and when did this practice start, after all there was a time, I believe, that our currency was higher than the dollar.

secondly why do we need to keep the naira rate high in the first place?

anyone??
Booked a seat.....also waiting for some1 to explain
Re: Decreasing External Reserve And Exchange Rate by doofanc: 7:06pm On Nov 29, 2014
hello anyone?

(1) (Reply)

Buhari Likely To Choose Yemi Osinbajo As Running Mate / NBA Wins Suit On Disputed Anti-money Laundering Provisions / Full Meaning Of Jonathan And Buhari

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 20
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.