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“The CBN took the decision that it would be sub-optimal to continue to use up the country’s reserves in defending the Naira. This decision was right because neither the Central Bank nor the Federal Government is in control of the major factors causing the depreciation of the nation’s currency. In fact, the Russian Central Bank has abandoned its defence of the currency and allowed its depreciation, but only after it was said to have spent over $90 billion in defending the currency.”.
"Internet connectivity between North Korea and the outside world is currently suffering one of its worst outages in recent memory, suggesting that the country may be enduring a mass cyber attack a few days after President Obama warned the US would launch a "proportional response" to North Korea's hack against Sony
North Korea, which has four official networks connecting the country to the Internet -- all of which route through China -- began experiencing intermittent problems yesterday and today went completely black, according to Doug Madory, director of Internet analysis at Dyn Research in Hanover, New Hampshire." Bloomberg reports.I find this so hilarious! Moral of the story, don't mess with the US. Will be MIA for a few hours... traveling out of the country. See you guys soon!