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Goldman Sachs Analysts have forecasted that the Naira will appreciate N1200 per US dollar in twelve months. Goldman Sachs analysts, Andrew Matheny and Bojosi Morule disclosed this in their recent analysis of Nigeria’s current economic realities. Goldman Sachs backed the recent monetary policy by the Nigerian government to rescue the Naira, which was described as ‘cheap’ or undervalued. Accordingly, the analysts believed that the country’s foreign exchange crisis would be resolved if the government saw to monetary policies. “We think the Naira looks cheap on a REER basis in a historical context…

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