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Buhari's Currency Swap Deal, ''why We Should Rejoice'' - Business - Nairaland

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Buhari's Currency Swap Deal, ''why We Should Rejoice'' by mashin(m): 5:18am On Apr 14, 2016
Buhari signs currency swap with China, what this means is that you don't need to convert naira to dollars before converting the dollars to yuan for trading in China, you can just convert naira straight to yuan and do your imports from China, this means trading at a cheaper rate, hence prices of commodities will have to reduce, i expect prices of techno phones and other imports from China to beat down soon, this will reduce the over dependence on dollars which current exchange rate is high, it is worthy to note that 1 yuan = 30 naira. I will never regret voting change, better days ahead, patience is the key.
Can we list commodities imported from China?
Market men and women dollar don increase abi! make we also hear say yuan don cheap.
God bless Buhari
God bless Ortom you are following Buhari's foot steps.
Re: Buhari's Currency Swap Deal, ''why We Should Rejoice'' by muri4mig(m): 5:23am On Apr 14, 2016
If it's true, then better days ahead. No to depletion of our FX reserve in the name of importing unwanted commodities that we can produce locally. This journey might be rough and patchy in the beginning, but their is light at the end of this dark tunnel. Let's be patient Nigerians.
Re: Buhari's Currency Swap Deal, ''why We Should Rejoice'' by thesicilian: 5:24am On Apr 14, 2016
Is there even any currency that the naira is equivalent to or bigger than?
Re: Buhari's Currency Swap Deal, ''why We Should Rejoice'' by Allwility: 5:28am On Apr 14, 2016
No economy grows when it depends solely on importation. You think flooding your country with another country's products is a sign of growth?? I'm certain in a few months time you'd be complaining of how there are no jobs and we import everything including safety matches and toothpicks.

Why do we need techno phones when we could easily have our own dangote phones or even mashin phones? Go figure!
Re: Buhari's Currency Swap Deal, ''why We Should Rejoice'' by Sibrah: 5:29am On Apr 14, 2016
1 yuen maybe 1 Naira but can 1 yuen buy what $1 can?
I think $ is widely used and capable of adjusting to market forces. Yuen isn't so widespread and might be controlled its hoarding.

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Re: Buhari's Currency Swap Deal, ''why We Should Rejoice'' by Aremu01(m): 5:46am On Apr 14, 2016
This is good. Keep it up Sai Buhari
Re: Buhari's Currency Swap Deal, ''why We Should Rejoice'' by Nobody: 8:24am On Apr 14, 2016
So will aliexpress sell to you dullards with yuan??

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