FOREIGN EXCHANGE VOLATILITY REBOUND OF CURRENCY SUBSIDY.part one

We re back to volatility rebound the inherent risk in the short-lived gain of naira appreciation and the bureaucrats should not be trusted for the method of defending the naira.The same unworkable principles that could not prevent Russian foreign reserves from being wiped out at a particular period.The gain that made naira the best performing currency in the world came at a great cost  of dwindling foreign reserves and the nightmare of currency subsidy has just begun from 950 or a thousand naira to 1,234 to 1,300.The problem with Nigeria for allied boom is the challenge of sustainability.Azuka below in the postscript did a good job in unveiling the nightmare.