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Kayodeisaac's Posts

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Nairaland GeneralRe: What Does It Take To Make One Naira Equal One Dollar? by kayodeisaac: 8:26am On Jun 29, 2016
Just a try and i go thus:
We are trying to be independent to naira that's why we leave pound, but we are still enslave to dollar, so far our surest economy means lies on crude oil and because of international game play crudeoil sells in dollars which devalue our Exchange rate value of naira not until we wise up to freedom of trading our crude oil in naira (actually low benefit rate for a while if endure).
Other suggestion i have is short term increase in interest rate, govt should look beyond fiscal and monetary policy but some Exchange policy on our export, strictly on naira demand, borrow from World bank in naira pay back in naira lets feel d independence of our currency. My bottom line is; if we are not ready to suffer short term deflation how can we promote naira demand which is the sole key to value our naira.

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