Posts Tagged ‘foreign reserves’

Ecuador: Little Clarity On Citizens’ Revolution

On Tuesday Risk Watchdog attended Ecuadorean President Rafael Correa’s exposition of the ‘The international economy, and the process of the citizen’s revolution in Ecuador’ at the London School of Economics. Or at least that was the title of his talk. Disappointingly there was very little description of how the citizen’s revolution is progressing in present… [Read more]

Nigeria’s Woes: The Naira Story

If a picture is worth a thousand words, than here is a 3,460 word essay which illustrates the problems Nigeria is having with its currency, and why I think the naira has further to drop. Start with chart one, which shows the total amount of US dollars the central bank sells to commercial banks each… [Read more]


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