A renowned economist, Bismarck Rewane, on Monday, declared that the country’s official currency is undergoing transition and not cursed as being speculated in some quarters. While admitting that tough days lie ahead for Nigerians, Rewane said the free fall of the naira is not a problem that cannot be solved by one silver bullet. He said, “No, I don’t think the naira is jinxed. It is just a currency in transition. But the point is that you have to look at it in the context of the currency in transition to weigh its fair value.

Source: Punch February 06, 2024 11:25 UTC