{"id":13066,"date":"2017-05-11T18:15:58","date_gmt":"2017-05-11T17:15:58","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=13066"},"modified":"2017-05-11T18:15:58","modified_gmt":"2017-05-11T17:15:58","slug":"41-items-restriction-will-deter-fx-rate-convergence-soludo","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/41-items-restriction-will-deter-fx-rate-convergence-soludo\/","title":{"rendered":"41 items&#8217; restriction will deter FX rate convergence \u2013Soludo"},"content":{"rendered":"<div id=\"yiv6092583365yui_3_16_0_ym19_1_1494517500822_3983\">A former central bank governor, Professor Charles Soludo, has called for the complete elimination of the &#8220;41 restricted item&#8221; by the CBN if it hopes to archive a unified exchange rate regime.<\/div>\n<div><\/div>\n<div>Soludo made the call at the Recap Conference in Lagos, while speaking on the theme &#8216;Nigeria&#8217;s Current FX and Interest Rate policies: Thought and Suggestions&#8217;.<\/div>\n<div><\/div>\n<div>He said: &#8220;Eliminate the so-called 41 items. You cannot unify the forex market with those kind of things. You have two ways if you don&#8217;t want things to come in; you use the exchange rate and the commercial policy, raise the tariffs on them. If it is expensive for people to import, they will not import them. That is how to do it on a sustainable basis &#8220;As day follows night, if not done by this regime, subsequent regime will eliminate those kinds of things. The current way we are doing it is ad hoc, costly, distortionary and harmful to the economy.&#8221;<\/div>\n<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div><!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>A former central bank governor, Professor Charles Soludo, has called for the complete elimination of the &#8220;41 restricted item&#8221; by the CBN if it hopes to archive a unified exchange rate regime. Soludo made the call at the Recap Conference in Lagos, while speaking on the theme &#8216;Nigeria&#8217;s Current FX and Interest Rate policies: Thought &hellip;<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":11,"featured_media":13048,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[1855],"coauthors":[2392,2393],"class_list":["post-13066","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-soludo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>41 items&#039; restriction will deter FX rate convergence \u2013Soludo - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/41-items-restriction-will-deter-fx-rate-convergence-soludo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"41 items&#039; restriction will deter FX rate convergence \u2013Soludo - National Wire\" \/>\n<meta property=\"og:description\" content=\"A former central bank governor, Professor Charles Soludo, has called for the complete elimination of the &#8220;41 restricted item&#8221; by the CBN if it hopes to archive a unified exchange rate regime. Soludo made the call at the Recap Conference in Lagos, while speaking on the theme &#8216;Nigeria&#8217;s Current FX and Interest Rate policies: Thought &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/41-items-restriction-will-deter-fx-rate-convergence-soludo\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-11T17:15:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/05\/Prof-Charles-Soludo-360x225.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"290\" \/>\n\t<meta property=\"og:image:height\" content=\"195\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dayo Emmanuel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/41-items-restriction-will-deter-fx-rate-convergence-soludo\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/05\/Prof-Charles-Soludo-360x225.jpg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/05\/Prof-Charles-Soludo-360x225.jpg\",\"width\":290,\"height\":195},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/41-items-restriction-will-deter-fx-rate-convergence-soludo\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/41-items-restriction-will-deter-fx-rate-convergence-soludo\/\",\"name\":\"41 items' restriction will deter FX rate convergence \u2013Soludo - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/41-items-restriction-will-deter-fx-rate-convergence-soludo\/#primaryimage\"},\"datePublished\":\"2017-05-11T17:15:58+00:00\",\"dateModified\":\"2017-05-11T17:15:58+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f\"},\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/41-items-restriction-will-deter-fx-rate-convergence-soludo\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/41-items-restriction-will-deter-fx-rate-convergence-soludo\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/41-items-restriction-will-deter-fx-rate-convergence-soludo\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"41 items&#8217; restriction will deter FX rate convergence \u2013Soludo\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f\",\"name\":\"Dayo Emmanuel\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/dayo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"41 items' restriction will deter FX rate convergence \u2013Soludo - National Wire","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/41-items-restriction-will-deter-fx-rate-convergence-soludo\/","og_locale":"en_US","og_type":"article","og_title":"41 items' restriction will deter FX rate convergence \u2013Soludo - National Wire","og_description":"A former central bank governor, Professor Charles Soludo, has called for the complete elimination of the &#8220;41 restricted item&#8221; by the CBN if it hopes to archive a unified exchange rate regime. Soludo made the call at the Recap Conference in Lagos, while speaking on the theme &#8216;Nigeria&#8217;s Current FX and Interest Rate policies: Thought &hellip;","og_url":"https:\/\/nationalwire.com.ng\/sub\/41-items-restriction-will-deter-fx-rate-convergence-soludo\/","og_site_name":"National Wire","article_published_time":"2017-05-11T17:15:58+00:00","og_image":[{"width":290,"height":195,"url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/05\/Prof-Charles-Soludo-360x225.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Dayo Emmanuel","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/nationalwire.com.ng\/sub\/#website","url":"https:\/\/nationalwire.com.ng\/sub\/","name":"National Wire","description":"About Nigerians, Nigerian Business and Other Stories","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalwire.com.ng\/sub\/41-items-restriction-will-deter-fx-rate-convergence-soludo\/#primaryimage","url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/05\/Prof-Charles-Soludo-360x225.jpg","contentUrl":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/05\/Prof-Charles-Soludo-360x225.jpg","width":290,"height":195},{"@type":"WebPage","@id":"https:\/\/nationalwire.com.ng\/sub\/41-items-restriction-will-deter-fx-rate-convergence-soludo\/#webpage","url":"https:\/\/nationalwire.com.ng\/sub\/41-items-restriction-will-deter-fx-rate-convergence-soludo\/","name":"41 items' restriction will deter FX rate convergence \u2013Soludo - National Wire","isPartOf":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationalwire.com.ng\/sub\/41-items-restriction-will-deter-fx-rate-convergence-soludo\/#primaryimage"},"datePublished":"2017-05-11T17:15:58+00:00","dateModified":"2017-05-11T17:15:58+00:00","author":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f"},"breadcrumb":{"@id":"https:\/\/nationalwire.com.ng\/sub\/41-items-restriction-will-deter-fx-rate-convergence-soludo\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalwire.com.ng\/sub\/41-items-restriction-will-deter-fx-rate-convergence-soludo\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nationalwire.com.ng\/sub\/41-items-restriction-will-deter-fx-rate-convergence-soludo\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalwire.com.ng\/sub\/"},{"@type":"ListItem","position":2,"name":"41 items&#8217; restriction will deter FX rate convergence \u2013Soludo"}]},{"@type":"Person","@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/806673c5851717dc3067b1a46a6c060f","name":"Dayo Emmanuel","url":"https:\/\/nationalwire.com.ng\/sub\/author\/dayo\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/13066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/comments?post=13066"}],"version-history":[{"count":1,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/13066\/revisions"}],"predecessor-version":[{"id":13067,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/13066\/revisions\/13067"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media\/13048"}],"wp:attachment":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media?parent=13066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/categories?post=13066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/tags?post=13066"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/coauthors?post=13066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}