is the Naira never going to gain against the dollar legally?
are we just going to keep sitting down and watch the CBN and imf dish us whatever value dey deem fit as exchange rate?

what in our own capacity can we do to determine exchange rate?

what are the practical factor that really determine the exchange rate(practical factor not intelligent factor that an average educated man won't understand)?

why is Kuwait stronger than the dollar despite Kuwait having weaker economy than the US and also lesser demand for Kuwait in the world compared to dollar.

why is African economic policy never going to be favourable against the dollar(no African economy currency is gaining against the dollar rather they are all loosing)?

are we just going to keep sitting down and watch a system of finance that has destined us to fail?


research economist in the house please come and throw more light on this for us.
cos it seems these European countries are determined to make our hardwork look useless..

I keep saying it; Godwin Emefiele must be thoroughly investigated after the tenure of this administration! That man helped a lot of crooks siphone forex from the CBN. The bimbo knows little to nothing about fiscal and monetary policies for an import dependent wasteland like Nigeria..

Forget the naira, it is gone. Unless by miracle, we can have another CBN governor as brave as Chukwuma Soludo who will revalue our currency and be backed by the President.

The USD/NGN rate doesn't really reflect what is going on in the economy. A bunch of people, through that CBN governor, controls the Exchange rate.

I really don't get why those people can't allow the Naira to float. A weaker economy equals a weaker Naira while a stronger economy will result in the Naira becoming stronger.

I think them controlling the exchange rate allows them to manipulate the narrative. “Free Float” will expose their incompetency to the world.

allandutch:
The USD/NGN rate doesn't really reflect what is going on in the economy. A bunch of people, through that CBN governor, controls the Exchange rate.

I really don't get why those people can't allow the Naira to float. A weaker economy equals a weaker Naira while a stronger economy will result in the Naira becoming stronger.

I think them controlling the exchange rate allows them to manipulate the narrative. “Free Float” will expose their incompetency to the world.

weaker economy determines weaker exchange rate is not a practicable reality.
I don't think neither of us understand what is really going on.
that's why we need to ask questions.

Russia and China are both stronger than Gambia and southern Africa in all aspects but Gambia and south Africa has a better exchange rate to dollar compared to Russia and China..

I wanted to ask same question

jumper524:

weaker economy determines weaker exchange rate is not a practicable reality.
I don't think neither of us understand what is really going on.
that's why we need to ask questions.

Russia and China are both stronger than Gambia and southern Africa in all aspects but Gambia and south Africa has a better exchange rate to dollar compared to Russia and China..

I think Russia and China also controls their exchange rate. Maybe their rates are where they are in order to keep the foreign investments coming, especially China. Maybe.