DevaluationShortly right after the International Monetary Fund (IMF) visited Nigeria and spoke with the government, private sector, banks which includes the Central Bank of Nigeria (CBN) in March this year, the Fund revealed that the nation’s currency- the Naira was overvalued.

The danger in doing this, of course, is that the cost will change amongst when you acquire and when you sell. This makes arbitrage hugely dependent on the speed at which you are in a position to make transactions. This kind of trading also requires you to sit in front of a screen watching value feeds consistently, waiting for the proper moment.

Energy and Worldwide Warming – A drop in the dollar could do a globe of fantastic in stemming global warming. Initially by extinguishing many ‘dirty factories’ and second by cutting wasteful use of gasoline in the US. There are already indicators that SUV’s are losing reputation. A substantial rise in the value of gas will surely help in a shift to a lot more economical autos as has happened in the past. In an odd twist of fate, the drop in the dollar could lead to an improve in SUV exports. At any rate, a drop in the dollar will make gas more costly as crude will be more expensive as that is priced in the international market place.

Late to the game, you ought to see inside my strange and semi-functional household where we have not a single, not two, but indeed four different sets of sibling groups. I am the eldest in three of them and second to the youngest in one. I am the ‘rebel and diverse child’ in two of them, but for one parent I am the scapegoat in one. I am the responsible 1 in all of them now, as an … Read more ...

DevaluationThe naira devaluation debate has been on in the final one year. Lately, President Muhammadu Buhari stoked the fire when he insisted that devaluation for an import-driven economy like Nigeria’s will be suicidal. His position has not stopped those, especially international investors, who believe that devaluation is the only way out for Nigeria. COLLINS NWEZE writes on the intricacies of devaluation.

Even as the debate continued, a trend in the foreign exchange marketplace began to evolve the Naira weakened further against the Dollar in the foreign exchange market, closing involving N153 to N159 to the dollar. In addition, the Naira declined against the U.S dollar both at the inter-bank and CBN window as demand for the dollar outstripped provide at both markets.

The exchange rate—supported by ample international reserves of the central bank—provides a essential nominal anchor to the economy and has served Iraq well. We encouraged the Central Bank of Iraq to renew its efforts to liberalize gradually the foreign exchange marketplace, further decreasing the spread among the auction and parallel market place prices.

I know that I’ve read that EK charges its personal members way more than AS did, but provided the appealing prices on JL for EK F and AA’s prices for EY F, aren’t the new AS prices for EK F the highest out there by far? Do any other US airlines charge 180K or 200K miles a single-way for an F ticket? Heck, even SQ Suites is 107.5K, and considerably less with their 15% discount.

Reading back more than this article I can see it might be coming across as very unfavorable, (that’s my perception – I may well be incorrect!) but that wasn’t my aim at all. My aim in writing this was to help us all develop our awareness and understanding of the … Read more ...