EXCHANGE RATE PEAKS AT $25
A volatile foreign exchange crisis that began earlier in
the week, yesterday subsided with rates coming down to $16, by last night,
after peaking at $25 to the US dollar by Thursday.
The sharp rise in the exchange rate and an inexplicable
rout of …
A volatile foreign exchange crisis that began earlier in
the week, yesterday subsided with rates coming down to $16, by last night,
after peaking at $25 to the US dollar by Thursday.
The sharp rise in the exchange rate and an inexplicable
rout of the local unit caused a spike in prices of goods and services as most
traders claim they peg prices against the US dollar.
Both Finance and