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Godwin Emefile Pressures The Naira Yet Again. - Politics - Nairaland

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Godwin Emefile Pressures The Naira Yet Again. by PStacks(m): 12:11pm On Nov 05, 2022
From One Central Bank Policy after the Other this Present CBN Governor has announced has placed a lot more pressure on the Naira than it previously was


Recall the AbokiFX guy that Godwin said he was ready to fight Boxing face to face with the guy if he had seen him one on one..

You would think after such bogus claims the Naira would appreciate and pluck value just by mere monetary policy uterances and no fiscal policy to back such bogus unsubstantiated claims.


Now oga Governor has prompted redesign of Naira even insulting Ministry of Finance in the Process, yet the Naira has never in history received any decking the way Dollar has boxed the Naira to a Corner .

Somebody please call Fire Fighters, The roof is burning and there is fire on the mountain..

How much is Dollar today .


In a world where Dollar is the Bull Currency and Other Major World Currencies are Bearish.

Who doesn't know the Dollar is a Bull. I mean to say, A Bully.

Dollar has dwarfed Great Britain Pounds, The Euro, The Japanese Yen, The Aussie Dollar..

Just Name which Currency Dollar hasn't dwarfed in the world..

Is it now our Weak Naira that would gain just by mere threatrecal ordinary mouth pronouncement of redesigning Naira Note?


Emefile has created more problems with More Naira now Chasing fewer available Dollars and the Dollar is on its way to #1,000 to one single American Dollar $ God Bless America.

Historic.. Emefile would be CBN Governor when Dollar races past One Thousand Naira to a single Dollar and he would sleep well at night lieing to himself Official rate is somewhere below #500.

Can't deal mehn!..


This thing is Simple Demand and Supply Elementary Economics and not someone having to go to school of Business or Finance to know these simple things.


I should have thought the Governor to summon Commercial Banks and ask them to liquidate every single person that holds a Dormicilliary account and stores money in Dollar on Nigerian Soil..


If you want to store your money in Dollar, Go to America and do that or operate an offshore account from America and store ur dollars in American Banks..


Not to store dollar in Nigerian Banks for no just reason.

Emefile should Outrightly Ban Any Living Nigerian from storing money in Dollar, that is the main cause of the problem and not Naira redesign for mere Merry go round.


By the way, most wealthy people don't even like to keep their reserve money In Naira, only dollars.. wealthy people just have but a little Naira reserve and majorly Dollar stacked to high heavens..



Redesigning the Naira is just a way of putting more pressure on Naira to seek more Dollar pushing Dollar prices upward.

They should please stop desicrating our National Currency.


Let the Naira have a little bit of Breathing Space and Respect. Please


This Dollar Rush Madness must Stop.
Re: Godwin Emefile Pressures The Naira Yet Again. by Sinda11: 12:17pm On Nov 05, 2022
Ok

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