Nigeria central bank offers dollars at 1,101 Naira to FX bureaux

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TERRY 1 month ago

Good riddance coming from Nigerian financial policy. Very satisfying Nigeria as decided not to redenominate the Naira as Ghana did by knocking off three zeros from the Cedi just to give it a fake revaluation. If Nigeria had c ...
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Good riddance coming from Nigerian financial policy. Very satisfying Nigeria as decided not to redenominate the Naira as Ghana did by knocking off three zeros from the Cedi just to give it a fake revaluation. If Nigeria had chosen to do same with the Naira as at today Naira would have exchanged 1.1 Naira per Dollar. Ghana's 13.6 Cedi per the Dollar today should be changing for 13,000 six hundred Cedis per Dollar. The exchanged rate is fake and deceptive.
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