Emefiele is doing this to keep his job, Baba on the other hand, to prevent a “weak” naira at the end of his tenure.
Was just wondering, how about they let it truly free and at the end of the day, say two, three years from now when everything has settled, they remove two zeros? If at 1000 to a dollar, it then becomes 10 to a dollar just like Ghana did years back. Everyone wins. Baba gets his “strong” naira, the economy survives.