$1/₦1,600 or $1/₦900? The Naira in 3 Months Survey

Dear Arbiterz Reader,

What do you think the naira/dollar exchange rate will be in three months? What policies are needed to guide the market to a rate that stimulates the inflow of foreign exchange and remains sustainable?

You can contribute to achieving this rate by participating in our survey. Which rate do you predict: $1/₦1,600 or $1/₦950?

Please, send in your response by 5 PM on Tuesday, May 21, 2024. Your participation is completely confidential.

Thank you.

1. What do you think the naira/dollar exchange rate will be in 3 months?

2. Where do you get news, information, analysis, and opinions about the exchange rate?

3. Who do you regard as the “top three/most informed” Nigerian analysts on exchange rate issues?

4. What do you think are the top three goals the Central Bank of Nigeria (CBN) aims to achieve with its exchange rate management policies?

5. Can you name three policy measures or steps that the CBN has taken to achieve these goals?

6. Do you think the CBN should target a high naira/dollar exchange rate (e.g., $/900 or $/1,000) or aim for a stable and sustainable exchange rate?

7. What factors do you think are responsible for the instability or volatility of the exchange rate?

8. Should Nigeria seek a foreign loan if it will lead to a stable or sustainable exchange rate and help Nigerian industries access forex to boost production and create jobs?

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$1/₦1,600 or $1/₦900? The Naira in 3 Months Survey

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