Engine and motor parts are above the roof because importers have stop importing due to the uncertainties concerning the exchange of rate and no one want to run at lost.

An unstable currency has a negative effect on the economy due to uncertainty and lack of trust on the currency.

It might be due to the fact that alot of importers have suspended importation which causing and advantage against the green back.

So you not happy the naira is appreciating,plus it appreciating has nothing to do with CBN policies?fyi the highest transaction in dollars is fuel import,follow by wheat used for bread, noodles and spaghetti,spare parts import will hardly have a significant effect on the naira...importers in spare parts may not want to import now and wait till it stabilize for a month or two thats normal but trust me once some of them are out of stock the will import ...

Be happy for Nigerians. Maybe you are not touched by the hike in price of goods, may be. But what about your extended family that will feel at ease if naira gets better and we don't have inflation? Politics is not do or die. Don't die in hunger to prove a point.

This is the obvious truth but if cardoso can maintain the magic he is doing and retain more foreign exchange into the financial system and build confidence with time the naira might stabilize to where they met it .