₦airaland Forum

jenju:
It appears as if Soludo's promise of 2 months ago, to flood the market with dollars, is about to be actualized. THE Central Bank of Nigeria (CBN) will soon flood the Nigerian economy with dollars as it has liberalised the foreign exchange market. Governor of the CBN, Professor Chukwuma Soludo, announced the new measure, at the weekend, in Abuja, after a meeting of the Monetary Policy Committee (MPC).

If the announced plans are carried out, the naira may appreciate as fast as it depreciated. I find it noteworthy however, that no sooner than rumours of Soludo's removal started to emanate from certain quarters, than Soludo himself announced these sweeping new policy. Some media outlets were reporting that Sanusi may have been picked to replace Soludo. We wait and see as they continue to play ludo with the Nigerian economy.


Cheers,
J

Sources:
http://odili.net/news/source/2009/may/25/622.html
http://www.tribune.com.ng/25052009/news/news3.html

bambash:
Got the pics but I got the same problem. TOO BIG. Someone please help