What the CBN must do to ensure the Naira remains stable and Strong By Clem Aguiyi
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Totalpolitics@ymail.com Tel: 08034747898 A strong and stable Naira is crucial to economic growth , development and National Security. The questions are : What must CBN do to make the Naira strong and stable . To nsure the Naira remains stable and potentially regains its value, the Central Bank of Nigeria (CBN) should consider the following measures: 1. *Maintain a stable monetary policy*: The CBN should continue to implement a stable monetary policy framework, focusing on price stability and low inflation. This will help to maintain investor confidence and reduce the pressure on the Naira. 2. *Manage foreign exchange effectively*: The CBN should continue to manage the foreign exchange market effectively, ensuring that there is sufficient liquidity to meet the demands of importers and investors. This can be achieved through a combination of interventions in the foreign exchange market and the use of monetary policy tools. 3. *Promote exports and reduce impo...