Decreasing External Reserve And Exchange Rate - Politics

Decreasing External Reserve And Exchange Rate - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Decreasing External Reserve And Exchange Rate (1064 Views)

Decreasing External Reserve And Exchange Rate by doofanc(op): 2:03pm On Nov 29, 2014

we are told the reason the external reserve is decreasing is because the CBN uses it to create artificial demand for naira.

what I'm yet to understand is who buys the dollars from CBN? and when did this practice start, after all there was a time, I believe, that our currency was higher than the dollar.

secondly why do we need to keep the naira rate high in the first place?

anyone huh

Re: Decreasing External Reserve And Exchange Rate by podosci(m): 2:46pm On Nov 29, 2014

doofanc:
we are told the reason the external reserve is decreasing is because the CBN uses it to create artificial demand for naira.

what I'm yet to understand is who buys the dollars from CBN? and when did this practice start, after all there was a time, I believe, that our currency was higher than the dollar.

secondly why do we need to keep the naira rate high in the first place?

anyone??

Booked a seat.....also waiting for some1 to explain

Re: Decreasing External Reserve And Exchange Rate by doofanc(op): 7:06pm On Nov 29, 2014

hello anyone?

1 Reply

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