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The free fall of the Ghana cedi-one side of the die

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Comment: Aminu, Nigeria and Norway are oil giants

Author:
mky
Date:
2014-02-08 13:51:00
Comment to:
The free fall of the Ghana cedi-one side of the di

Aminu, for God's sake, don't you know this basic fact, that Nigeria and Norway whose currencies you cited as being resilient are top oil producers? Their daily intake of foreign exchange is enough to shore up their currencies against the dollar......Ghana earns a measly sum from its oil exports and therefore will see severe fluctuations in its currency......

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mky on Feb 8, 13:51
Aminu, Nigeria and Norway are oil giants