The exchange rate is not my problem. I have no money so it does not matter.

How can you blame Buhari and Emefiele when the supreme court decided to assume the powers to make monetary policy for the CBN?

The moment they decided to retain the old bank notes in addition to the new bank notes any person with basic understanding of economics would understand that is actually instant devaluation at that point.
There is an over-supply of Naira which makes it devalued.

The politicians who caused the problem are the ones hoarding Billions of old Naira notes in their home and who had to bribe the supreme court to rule monetary policy in their favour so that they can keep their hoarded cash.

These same politicians are using those hoarded old notes to exchange for new notes or to buy dollars or to buy things, meaning that there is an ongoing injection of cash going into circulation and a shortage of dollars.

This trend would continue and Naira would continue to fall.

Supreme court is now in charge of monetary policy , i am waiting for what action supreme court would take now

jesmond3945:
when 22 trillion was printed from thin air with nothing to show.

Judolisco:
Omo.... I expect a widespread nation jubilation after buhari leaves Aso rock... Especially in d North

That depends on who is coming in... Buhari is done and will surely leave.. who is coming in is wat matters most.. if it's tinubu den we will want buhari back after 2months

U neva c sumtin

lildush:


That depends on who is coming in... Buhari is done and will surely leave.. who is coming in is wat matters most.. if it's tinubu den we will want buhari back after 2months

I'm not having high hopes on tinubu but if he can get his appointments right... Then things will definitely be better... Buhari missed it when he chose to be nepotic with his appointments.... I don't think anyone can be has terrible as buhari.... He jst wanted power.... Atiku, obi and tinubu are all in d same category as far as I am concerned.... All of them have held high positions in dis country and did absolutely nothing with it...

Thienubu himself dolled millions of dollars to become president-select. They're following his footsteps, after which Nigeria's treasury will suffer and Nigeria might be indirectly sold.

Parachoko:
This is a useless reason for the dollar to rise

I can't wait for this useless Buhari, his finance minister and CBN to just go

This set of people don totally ruin the naira

From about #270 to #760 this is madness abeg

Buhari and Emefiele deserve to be shot dead for ruining this country economy

So buhari is now useless??

When did this one start??

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BossGerald:


So buhari is now useless??

When did this one start??

I've never being a supporter of Buhari neither did I voted for him.

Parachoko:
I've never being a supporter of Buhari neither did I voted for him.

Liar

I changed $100-74.5k yesterday in lag...jeeez maybe I should've waited a big...

ogododo:


https://dailytrust.com/ahead-inauguration-naira-falls-to-760/

Black market speculators.