The Impact of Exchange Rate Fluctuation on Macroeconomic...

THE IMPACT OF EXCHANGE RATE FLUCTUATION ON MACROECONOMIC PERFORMANCE IN NIGERIA CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY This study is designed to examine the causes of exchange rate fluctuations and their impact on the Nigerian economy since there is scarcely any country that lives in absolute autarky in this globalised world. The economies of all the countries of the world are linked directly or indirectly through asset or/and goods markets. This linkage is made possible through trade and facilitated by foreign exchange. The price of foreign currencies in terms of a local currency (i.e. foreign exchange) is therefore important to the understanding of the growth trajectory of all countries of the world. According to†¦show more content†¦1.2 STATEMENT OF THE PROBLEM In every country of the world, exchange rate level is the paramount target of economic policy targeting. In other words, exchange rate policy should be geared towards the attainment of long-term equilibrium rate, so as to achieve certain macro-economic objectives e.g. balance of payments equilibrium, through proper management of the Nigerian exchange rate policy. The country started operating the floating exchange rate system in 1986 after the introduction of SAP. It was expected that the country experience development but the reverse was the case because the country suffered consistent hopeless development situation as her naira depreciates often against other foreign currencies, especially the dollars which was universally accepted as the global medium of exchange. Before the floating system was introduced, $1=NO.89 but after that in 1966 we have $1=N22.05 and even today we have $1=N150.7 .This is quite disheartening, regardless of the effort of the government of Nigeria through th e activities of the regulatory body such as the establishment of second tier foreign exchange market (SFEM) in 1986 and interbank foreign exchange market (IFEM) in 1989 and currently the foreign exchange market (AFEM) in 1995. The depreciation of naira over the years has caused many firms especially the import dependent firms to suffer many loses as a result of exchange rate fluctuations. This has further led to difficulty inShow MoreRelatedOil Price Shock On Exchange Rate1393 Words   |  6 PagesOil Price Shock on Exchange Rate, Interest Rate, and Stock Exchange Performance: Crude oil and its byproducts since its discovery is one of the most basic input to the world particularly for energy. It is important to human existence and also, finite in supply. 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Essay on Outlaw Motorcycle Gangs in Australia (Received 100%)

Outlaw motorcycle gangs in australia https://c479107.ssl.cf2.rackcdn.com/files/10980/width668/y6ccv75q-1337748850.jpg By Brooke Larkins Year 11 2012 http://s1.aecdn.com/images/news/outlaw-motorcycle-gangs-live-hard-die-free-14383_23.jpg ‘Bikie gangs are like any other organisation or club. There are criminals in all walks of life’ Almost 40 motorcycle clubs are linked to criminal activities. These are referred to as outlaw motorcycle gangs. ‘Outlaw’ is not a legal definition; it rather refers to their views, seeing themselves as outside the law. Outlaw motorcycle gangs refer to themselves as ‘1 percenters’, as 99 percent of motorcyclists operate within law society’s conventions, they see themselves as the 1% that don’t. the†¦show more content†¦He viewed this defection as treason, and on Father’s Day 1984, the 2 bikie gangs squared off at the Viking Tavern in Milperra, as families visiting a motorcycle swap meet fled in terror. This was the event of the Milperra Massacre. 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My Favorite Healthy Meal Free Essays

I do, and it’s a delicious turkey sub. It’s my favorite meal because it’s healthy, it fills me up, and best of all, it’s scrumptious, all at the same time! This meal is healthy because it has Just about all the food groups you need in a healthy meal. It has meat, vegetables, dairy, and wheat. We will write a custom essay sample on My Favorite Healthy Meal or any similar topic only for you Order Now The reason the meat in my sub is turkey cold cut, is because turkey doesn’t carry much fat in it. You get your vitamins and nutrients from the vegetables; and you get grains from the wheat bread. One of the advantages of dairy, is that dairy strengthens your bones. The ingredients needed are sliced, turkey cold meat, shredded lettuce, sliced cucumbers, sliced American cheese, low fat ranch, and a six-inch wheat bread that are used for subs. Before you start, wash your hands with warm water and soap. To start off, you have to get six-inches of wheat bread cut the sub from left to right. After you cut the bread open, take one slice of the turkey at a time, and starting from one end of the sub, line them up across the entire sub. Next, do the same thing with the American cheese. After that, take the shredded lettuce and spread it across the sub on top of the meat and cheese. Next, get the sliced cucumbers and Just do the same as you do with the meat and cheese. In the next step, grab the low fat ranch and put one straight line of ranch on top of the vegetables, meat, and cheese. Lastly, close It up and enjoy your sub! In conclusion, I think this sub Is a great sub that I love to make and eat! It Is a great and healthy meal! I hope you get to make It and even more Importantly, Like It! Again, this Is a healthy, yet delicious meal! How to cite My Favorite Healthy Meal, Papers

Hamlet Act I Essay Example For Students

Hamlet Act I Essay In Act I of Hamlet, the ghost of the king hamlet comes to the battlement,outside a castle in Denmark. Marcellus and Horatio ask the ghost to speak, butIt remains silent. In Scene 2 the new king, King Claudius, King Hamletsbrother, is reprimanding Prince Hamlet for depressed. Claudius and Gertrude,Hamlets mother, tell Hamlet to get over his fathers death. Gertrude marriedClaudius one month after King Hamlet died. Marcellus joins Hamlet and tells himof his sightings. In Scene 3 Laertes and his sister are saying goodbye, becauseLaertes is going to school in France. Ophelia, Laertes sister, is telling himthat she is desperately in love with Hamlet. Laertes tells Ophelia that Hamletwill just use her for sex. Laertes makes Ophelia promise that she will not seeHamlet. In Scene 4 Prince Hamlet goes to see if what Marcellus is telling him istrue. Sure enough it is. The ghost beckons Hamlet to follow him; and then hetalks to him. The ghost tells him that Claudius killed him by putting poison inhis ear. The ghost wants Hamlet to bring Claudius revenge. In the last scene,the ghost tells Hamlet that it is not Gertrude fault that he has died. He thinksthat Claudius has brainwashed her.