A view financial accounting answers 2016 neco obj essay answers Account Answers - Agakabiriyao

Thursday, 30 June 2016
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City: Agakabiriyao, Bayelsa
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Since the peg was removed, the value of the naira has plunged, ending at 282 to the dollar on Monday. Central bank governor Godwin Emefiele wrote in a leaked letterto Buhari that he was “reasonably optimistic” that the rate would stabilize at around 250 to the dollar after the initial period of weakness.
Prior to the peg’s removal, Buhari had consistently resisted pressure from institutions including the Internatio nal Monetary Fund(IMF) to devalue the naira. Speaking to a group of business l