A fall in Nigeria’s currency value has affected the prices of commodities in the market, writes Gerald Nwokocha, 28, a Correspondent from Abuja, Nigeria, as he examines the impact of and solutions to the issue. Official exchange rates at the Central Bank of Nigeria and the black market exchange rates differ. The slogan in the market place now …
Tag: monetary policy
Possible ways out of the economic crisis in Russia range from monetary policy to structural changes, writes Enitan Damilola Temidayo, 23, a Correspondent from Nigeria now studying in Moscow, as he looks at the short and long-term views. Talking about short-term solutions to economic crisis, economists always turn to monetary policy, fiscal policy and devaluation. Monetary …