1
Banks & Cryptos / Re: The Nigerian currency losses value in the exchange market
« on: Today at 02:47:00 AM »Instead, they are telling all exchanges to delist Naira from their exchange, and the EFCC have also told airports not to use dollars again but Naira. Will this revive our dying currency to start gaining value over dollar, or the focus on production should be handled urgently.Some news also suggests they think crypto or P2P is the culprit for this forex manipulation if I recall correctly. Sounds like the deflation is worse than I thought if they keep bleeding like this. I'm not an expert by any means but if there's no reason to invest in the country because they don't produce anything, I think there's no reason for the market to value their fiat currency that much. Sounds like there are complex issues and the only way to untangle the mess is by finding the right person to steer the government, which is probably a hard thing to do[1]. CMIIW.
[1] https://punchng.com/why-naira-continues-to-lose-value/