The cost of goods and services will increase exponentially in the coming months. Brace yourselves, the adverse effects of Band A and B will be transferred to the people.
The sad part is if the government ends up intervening in the coming months, it might be too late. Once the costs of goods go up in Nigeria, they hardly come down.
The CBN is about to mop up liquidity from the commercial banks. Some banks will have to sell all the FX they have been hoarding to meet up with the new threshold.