Dollars Value Over Naira

There has been an observation by looking at the tenure of different CBN governor’s. Thus

From the above data shown below, it’s well understood that high raise of goods and services has relationship with value of nation’s currency.

The different CBN governor’s tenure shows how frequently increased of cost of living realise on money value.

Despite that, Nigerians do exchange money with America in form of trade by barter. It really shows difference from the presents situation now.

Similarly, research has shown that, most Banks in the world can’t do without dollars. This is as a result of dollars have more value than Naira. Commonly in Nigerians bank.

Subsequently, Change in dollars have effect with the world market, most often Naira get less value due to how Nigerians Government associated themselves with Forigen Countries especially America. This exchange is the cause of lost of Naira value.