If this policy has moved us from the point of disparity to parity, which has been in the direction of depreciation, does that then suggest this convergence point as fair value for the naira? What, in fact, is the fair value for the naira? Can we possibly get to a point of attainment of fair value? What, indeed, is the best approach at finding a fair value for the naira?
It’s been just over one week since the Central Bank of Nigeria (CBN) announced what it referred to as…
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