July 2019 economic update
A strengthening currency and its effects, the Emefiele five-year agenda, the ECO, financial sector recession and more...
A strengthening currency bares its fangs.
Is our currency stable? Even though the US dollar to naira exchange rate has remained “stable” at around 360 per dollar, the currency is anything but stable. In fact, it has strengthened a lot. You see, the US dollar has strengthened a lot over the last two years relative to other emerging market currencies. Sinc…