#NairaWillFall: This Is Economics Not Politics

Above is how Nigeria’s currency compares to other oil exporting nations.

Notice the difference?

Notice how our Naira barely fluctuates while the Norwegian Krone moves up and down.

One currency is being artificially fixed by FX restrictions while the other currencies move to the natural tune of the market.

To the layman who can’t afford a calculator the Naira looks good.

But to those that have calculators and will use it … they will realize that we would soon run out of FX and when that happens the Naira will crash.

This is economics not politics. Use your calculators.

Written by Okechukwu Ofili of ofilispeaks.com
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