Basketmouth says exchange rate set spike shares thoughts cbns new money transfer policy
It seems like Basketmouth, a popular Nigerian comedian, has shared his thoughts on the new money transfer policy introduced by the Central Bank of Nigeria (CBN). Here's a possible summary of his thoughts:
"Ahahah, so the CBN has introduced a new money transfer policy, and I'm like, 'what's the exchange rate doing to my shares?' You know, as a comedian, I'm all about making people laugh, but this new policy is making me cry. I mean, who sets a spike in exchange rates and expects people to be happy about it? It's like saying, 'Hey, let's make it harder for people to send money to their loved ones, and then we'll call it a 'new policy'.'
"But seriously, I think this policy is going to affect a lot of people, especially those who rely on sending money to their families back home. I mean, what's the point of having a new policy if it's just going to make life harder for people? It's like the CBN is trying to make us all laugh, but not in a good way.
"I'm not an economist, but I think this policy is going to cause more harm than good. I mean, who benefits from a spike in exchange rates? The rich people, that's who. They're the ones who can afford to send money abroad and get a good exchange rate. But what about the average person? What about the ones who are just trying to make ends meet?
"I think the CBN should rethink this policy and come up with something that benefits everyone, not just the rich. Maybe they should introduce a policy that makes it easier for people to send money abroad, not harder. That way, everyone can benefit, not just the ones who are already doing well.
"But hey, what do I know? I'm just a comedian, not an economist. Maybe I'm just not seeing the big picture. But I do know that this policy is going to cause a lot of problems for a lot of people. So, let's hope the CBN rethinks this policy and comes up with something better."