₦airaland Forum

The single fasted solution to increase the value of naira against dollar is to pump dollar back into Nigerias Economy,this problem actually started the moment Nigeria banks stopped paying out dollar for western union and money gram transactions,it got worse the moment the moment they brought up another policy stopping bank from accepting and paying out dollars to Domiciliary account owner,we all know that actual inter bank rate is still 199naira per dollar,why the government can't simply do us a favour and pump dollar into the circulation to ease off the pressure on naira and to stop speculations,i heard this policy actually came into existence because of reduction in Nigerias dollar reserve but still i dont see much senses in all Emefele's polices since he became the CBN Governor beside i dont think we can compare our economy with those asians countries who succesffully phased out dollar

They succeeded in making dollar a scarce commodity, thus increasingly the value

Sho ro ni yeh
na talk be that?

The only problem is that there's NO DOLLAR to be pumped into the economy. So you were saying...