A former deputy governor of the Central Bank of Nigeria, Kingsley Moghalu has just faulted the expectations of Nigerians who want the naira to stabilize at 400 to a dollar, calling it “unrealistic”
He made this know with a post on his X account on Sunday
“Those who want the Naira to be N400 to the $ are living in a dream world. Even discounting for the negative impact of the speculative attacks on the value of the Naira, the exchange rate will (and should) reflect its market value in reality, not the artificiality that the Emefiele era central bank sought to maintain to please economic illiterates in poitical power at the time”, the statement reads.
