{"id":25818,"date":"2017-02-27T14:16:46","date_gmt":"2017-02-27T14:16:46","guid":{"rendered":"http:\/\/fdcng.com\/?p=25818"},"modified":"2017-02-27T14:16:46","modified_gmt":"2017-02-27T14:16:46","slug":"nigeria-reacts-positively-to-a-forex-crisis-of-confidence-and-liquidity","status":"publish","type":"post","link":"https:\/\/fdcng.com\/nigeria-reacts-positively-to-a-forex-crisis-of-confidence-and-liquidity\/","title":{"rendered":"Nigeria reacts positively to a forex crisis of confidence and liquidity"},"content":{"rendered":"<p>[vc_row][vc_column][vc_column_text]With less than $600m supply into the spot market, the naira has gained 13% of its value to N460\/$. Can you imagine what would have happened if the spot market was adequately funded in a transparent manner 9 months ago, rather than the opaque forward transactions.<\/p>\n<p>Maybe we could have had a soft landing rather than a race to the bottom. This move by the CBN is a good one in the right direction provided the dollar supply is sustained.<\/p>\n<p>We expect the CBN to commit itself to a regular and predictable supply of dollars to the forex spot market in March. There will be a rapid convergence of rates and a gradual end to multiple exchange rates (MER) and forex abuse.<\/p>\n<p>Please find attached the presentation shared on Channels TV network news on February 20th by Mr. Bismarck Rewane.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<div class=\"gem-button-container gem-button-position-inline\"><a class=\"gem-button gem-button-size-small gem-button-style-flat gem-button-text-weight-normal\" style=\"border-radius: 3px;background-color: #ddbd89;color: #ffffff;\" onmouseleave=\"this.style.backgroundColor='#ddbd89';this.style.color='#ffffff';\" onmouseenter=\"this.style.backgroundColor='#ddccaa';this.style.color='#000000';\" href=\"http:\/\/fdcng.com\/wp-content\/uploads\/2017\/02\/Slides-for-Channels-Interview.pdf\" target=\"_blank\">DOWNLOAD PDF<\/a><\/div> [\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]With less than $600m supply into the spot market, the naira has gained 13% of its value to N460\/$. Can&#8230;<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/25818"}],"collection":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/comments?post=25818"}],"version-history":[{"count":1,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/25818\/revisions"}],"predecessor-version":[{"id":25819,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/25818\/revisions\/25819"}],"wp:attachment":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/media?parent=25818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/categories?post=25818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/tags?post=25818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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