Efforts to rescue the national currency, the naira, and resolve forex liquidity, must not be spared. The Central Bank of Nigeria, CBN has directed Deposit Money Banks, DMBs, and International Money Transfer Operators, IMTOs, to pay all diaspora remittances in naira. The CBN Governor, Olayemi Cardoso reaffirmed the determination of the Monetary Policy Committee MPC, to subdue inflationary concerns, through conventional methods. According to American businessman, Ross Perot, " A weak economy leads to a weak nation". The naira must be rescued.
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28 сен 2024
