The chortle was difficult to suppress, true. Even though as the naira’s exchange rate strengthened against major traded currencies a couple of weeks ago, you could tell that it emanated from throats stuck between the sense that the Central Bank of Nigeria (CBN) had somehow chanced on a silver bullet for fixing the country’s monetary policy woes, and frisson from a sensation of schadenfreude. Those commentators who had warned about the naira’s continuing vulnerability had…
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