ELI5: What is the effect of JPMorgan delisting nigeria on me

The title.
How does it ACTUALLY AFFECT the ordinary Joe. Not theoretically?

I’m no economist but its scary that the country holds the exchange to dollar as X but trades at Y or Z, the banks are the new black market. The average Joe might have his daily cost’s sky rocket if the country cant hold a stable exchange rate.

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The CBN and all their bank cronies are liars and crooks. With all their dubious restrictions on foreign currency withdrawal, like the average Joe is the one storing dollar notes in Ghana-must-go bags. ‘Devaluing’ the naira on paper every other day, while the currency exchangers keep the same buying and selling rates.

The effect on you will probably be higher interest rates on loans, because I hear J.P Morgan is selling $3 billion worth of bonds. The NSE has to make the money back somehow, so interest rates will rise. Maybe other multinational banks will follow suit. We all have the CBN governor to thank.

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