Post by Arise News (@arisenews)

Naira Undervalued By 40%, True Value Below ₦1,000 - Uwaleke

The naira is undervalued by about 40%, meaning the current market value does not reflect its fundamental value as implied by the real effective exchange rate (REER). Undervaluation means the market exchange rate is weaker than what economic fundamentals suggest. The REER compares the value of the naira against a basket of currencies of countries Nigeria trades with, adjusted for inflation differences.

Prof Uche Uwaleke, President, Capital Market Academics Of Nigeria

Naira Undervalued By 40%, True Value Below ₦1,000 - Uwaleke The naira is undervalued by about 40%,...

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