November 28, 2016/TPT International “There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle.” ― Albert Einstein I woke up today to the miracle of breasting the golden tape. It has been a dramatic […]
Updates
Movement in Broad Money Supply – Increases by 8% between March and July 2016
Culled—Proshare November 28, 2016/Research Broad Money Supply has increased by N2,382,730.06 mln to move from N20,470,436.00 mln at the end of March 2016 to N22,182,187.60 mln at the of July 2016. It recorded a whopping N1,460,279.34 mln increase at the end of July 2016 which represents the highest increase recorded […]
From The Archives: Rejoinder on What Causes A Currency Crisis
Culled—Proshare November 28, 2016/Bello-Osagie Aghatise Teslim A central bank that adopts a fixed exchange rate signals to investors that they will do whatever it takes to support the value of their domestic currency. Most-times they use their foreign currency reserve to meet local demand for the pegged foreign currency. To […]
