IRON HANDS

In my last essay on the forex volatility,i lend my patronage to the use of force against bureau de change operators in the country which was initiated by Fadeyi school of thought as necessary and I opposed special adviser to the vice president office on economic matters who opposed such rantings by Fadeyi school.Now we know better the method worked perfectly and see evidence in the punch newspapers below .The arrest of 2000 BDCs over forex racketeering and again policy sustainability is often my concern in this part of the world.Naira after becoming best performing currency in the world when it appreciated from 1,900 to 1000 all of a sudden started to depreciate to 1300 and currently 1500.The evidence is provided in the punch newspapers below entitled Implications of interest hikes for the economy.