There are two events that have occurred in the past one month in Nigeria that have the potential to impact the exchange rate.

1. The Launching of Dangote Refinery:
It is believed that the facility could produce adequate refined fuel ⛽ for local consumption. Asides that, the excess production could be exported. Export means demand for the NGN and appreciation of the currency.

2. The BAT administration :
The BAT administration is very critical for the economy of Nigeria. Starting with the removal of fuel subsidy and the reaction of the USD to NGN as a result is just one of the many policies to be introduced.

How do you think these two events could impact the strength of NGN against the USD? WWill you buy and save dUSDTinstead of saving in NGN?