Naira Depreciation Beyond Cardoso & Tinubu Big Boys In Control

The easy temporary measures do not appreciate local currency, they only give time to local currency hoarders to unleash at will their old crumbling naira from vaults, graveyards, file cabinets and wherever they hide the loot. Of course depreciating local currency further as they besiege Bureau du Change again. If anyone thinks these money launders do not know the timing and when to flood the market, think again.Many countries have their form of Bureau du Change and Central Bank but most African countries turned theirs into round tripping enterprises or private banks for the privileged politicians and their cronies. As other countries have checks and balances in place, so do our local regulators that just ignored them with impunity in Africa. It started with the military strong men and got worse regardless of civilian or military government. https://thenews-chronicle.com/tag/our-currency-in-warehouse-grave/