| From Ngrguardiannews.com: Have you ever wondered where the U.S. foreign reserves are? What of those of Britain and Japan? The Central Bank of Nigeria (CBN) and the newly created Presidential Steering Committee on the Global Economic Crisis appears poised to fiddle with the economy to stave off the country from the impending catastrophe that is currently unleashed by the global financial system.
One of the mechanisms at the disposal of the CBN, in particular, is the control over exchange rate and external reserves. .... Full Article: Source |