Smes Cries To The President Over Dollar Restriction - Politics - Nairaland
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| Smes Cries To The President Over Dollar Restriction by silentpath2007(op): 9:10am On Feb 17, 2016 |
As at 11:40 GMT, a dollar sold for 347 naira on the parallel market in Nigeria. The currency of Africa’s largest economy keeps losing value as the central bank remains adamant, rejection calls for devaluation despite obvious reasons to do so. All economic principles support the devaluation of the naira as things stand, but political principles differ. With Nigeria’s central bank not under the full control of the institution’s governor as recent history suggests, the only way to stop the naira’s value from eroding is to let President Muhammadu Buhari know that the average Nigerian he claimed to be protecting by not allowing devaluation is actually suffering. http://thenerveafrica.com/3809/we-hope-the-president-knows-hes-hurting-us/ |
| Re: Smes Cries To The President Over Dollar Restriction by peacengine(m): 9:15am On Feb 17, 2016 |
It is N350 now. |
| Re: Smes Cries To The President Over Dollar Restriction by silentpath2007(op): 9:18am On Feb 17, 2016 |
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