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Topic: Appreciating exchange rate role in economic recovery  (Read 425 times)

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Appreciating exchange rate role in economic recovery
« on: June 24, 2024, 07:01:43 AM »
Appreciating exchange rate role in economic recovery

Exchange rate measures the health of an economy. In the last few months when the naira exchange rate was subjected to serious speculative attacks with $1 exchanging for almost N2000, domestic prices jumped and we almost had hyperinflation. The cost of living rose, and consumption fell drastically, just as output declined and the poverty level


 
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