Thread: Economicwatch
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Old 1st December 2016, 10:49 AM
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Default Re: Economicwatch

FG approves 2017 budget, shifts N290/$1 benchmark

https://www.thecable.ng/fg-approves-...2901-benchmark

Quote:
Naturally, the estimates… every time you improve on your estimate based on the latest estimates. For instance, one of the issues they raised was about the exchange rate.

“That we used 290 as the exchange rate, and that was the exchange rate of the time. So, you only use the exchange rate that is valid at that time. Naturally by now you will change that.

“But that MTEF was extremely well prepared consistent with the best possible methods of ‎preparation by people who are very experienced in preparing MTEFs.”
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