Naira is expected to be subject to pressure that will increase ” due to limited external borrowing by the government,”
Naira is expected to be subject to pressure that will increase ” due to limited external borrowing by the government,”
devaluation is likely to occur after the 2023 elections for the presidency the bank said.
devaluation is likely to occur after the 2023 elections for the presidency the bank said.
According to a report by Bloomberg, economist Tatonga Rusike stated in a letter to clients on Tuesday,
According to a report by Bloomberg, economist Tatonga Rusike stated in a letter to clients on Tuesday,
“three indicators include the black-market rate, which is widely used and the central bank’s actual effective exchange rate
“three indicators include the black-market rate, which is widely used and the central bank’s actual effective exchange rate
“We believe there is a chance for it to decrease by a similar amount over the next six to nine months, pushing it up to 520 dollars.”
“We believe there is a chance for it to decrease by a similar amount over the next six to nine months, pushing it up to 520 dollars.”
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Extra 20% Decline in Naira Worth in 2023
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