The Organised Labour warned on Wednesday that a dollar will soon exchange for N600, if the Nigeria Government continues to submit to the International Monetary Fund (IMF) and World Bank induced policies that would further distort and repress our currency. The Organised Labour also described the present exchange rate of N450 to a dollar as a criminal conspiracy against the Nigerian people; warning that no meaningful development can take place under this outrageous exchange rate regime. Remember the adage that says, “A stitch in time saves nine or more.”He added: “The exchange rate of N450 to a dollar is a criminal conspiracy against the Nigerian people. No meaningful development can take place under this outrageous exchange rate regime. He said: “Market dominance, of course, dictates global influence, and global influence gives the country the leverage in world affairs.

Source: Nigerian Tribune July 30, 2020 06:33 UTC