#NairaWillFall: This Is Economics Not Politics

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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.

twitterWritten by Okechukwu Ofili of ofilispeaks.com
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Ofili

Author: Ofili

Words by Okechukwu Ofili of ofilispeaks.com
Follow him on Twitter
Stalk him on Instagram
Read his crazy titled books on konga or okadabooks
Feed his children at…no wait he has no kids…. 

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5 comments on “#NairaWillFall: This Is Economics Not Politics

  1. Citizen of naija on said:

    Ofili, I didnt see the russian and venezuelan currencies. Angola etc. I should stop being lazy and reaearch.

  2. Pingback: Warning: The Naira Is Crashing | Ofilispeaks

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