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Nairaland Forum / Nairaland / General / Business / Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association (56984 Views)
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Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by kennydee05(m): 6:09pm On Apr 17, 2016 |
Simple Secondary School economics will explain th logic behind the fall in dollar but for the of wailers let me explain in simple economics term : 1. The higher the demand the higher th price 2. The lower the demand, the lower the price. * * * * all things being equal. 2 Likes |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by Nobody: 6:11pm On Apr 17, 2016 |
Heffalump:Employ ur God-given brain! Leave sentiments for low-class animals. 1 Like |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by olaodun: 6:11pm On Apr 17, 2016 |
Solar Light and solar charger for any type of phone for all students pls contact ecstasytreasuresltd@gmail.com |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by diegwu01: 6:11pm On Apr 17, 2016 |
Pidggin:You should remember how the Naira Strengthened when Ifeanyi Uba only made a pronouncement 1 Like |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by fjjc(m): 6:11pm On Apr 17, 2016 |
This is a speculative thing, once it takes effect surely Naira will appreciate as against dollar.' LAW OF SUPPLY AND DEMAND" 1 Like |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by millionaireman: 6:12pm On Apr 17, 2016 |
POLITICAL DECEPTION; PROMISES AND PROMISES. THAT'S WHAT APC HAS NOW ADOPTED TO FOOL NIGERIANS. |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by 4nobody4every1: 6:12pm On Apr 17, 2016 |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by popcykaylah(m): 6:12pm On Apr 17, 2016 |
Fayose and his fellow wailers won't like this.. 2 Likes
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Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by AntiWailer: 6:15pm On Apr 17, 2016 |
1 Like |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by repogirl(f): 6:15pm On Apr 17, 2016 |
The dollar goes down as the Yuan goes up. Congratulations to China. 1 Like |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by Heffalump(m): 6:16pm On Apr 17, 2016 |
shamsuRana: Soludo, you have nailed it, period. Wailers will not believe what you said, they will rather seek to crucify you. GEJ was the baddest thing that ever happen to Nigeria. It will take more than a decade to reel out of the pain inflicted on Nigeria by this son of a man call Ebele Jonathan, Not Goodluck!!! 6 Likes 1 Share |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by shamsuRana(m): 6:20pm On Apr 17, 2016 |
Heffalump: Well written.. |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by AntiWailer: 6:20pm On Apr 17, 2016 |
popcykaylah: Amen. 2 Likes 1 Share |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by shamecurls(m): 6:22pm On Apr 17, 2016 |
masterblogger: Lie 1 Like |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by creativity4real: 6:28pm On Apr 17, 2016 |
modath:The imminent implimentation and possible adverse effect on the USD plus speculation might be responsible for the sudden drop i guess! |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by solid3(m): 6:29pm On Apr 17, 2016 |
This N10 appreciation is a fraud by BDC operators. There should be more gain than that. |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by saintaustine(m): 6:29pm On Apr 17, 2016 |
Proud of Nigeria Proud of my president. Proud of the current change in my country. For i know, that suffering may endure for the night but JOY comet in the morning. |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by TheGoodJoe(m): 6:30pm On Apr 17, 2016 |
modath: If you are familiar with currency trading, you will know that the announcement of a big news can have an immediate effect on currency price. 3 Likes |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by MENTORCH(m): 6:30pm On Apr 17, 2016 |
ChoCandyDiamond: I think it will work because 60percent of the people who always need dollar are the importers; they import most of their goods from China,so what will they be doing with dollar when they can change to Yaun directly. |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by Nobody: 6:34pm On Apr 17, 2016 |
This is what I call classic move, Americans been living large on the rest of the world for sometime now, this ought to stop. God punish middle man. 1 Like |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by wexyee: 6:35pm On Apr 17, 2016 |
modath:yes u re ryt .. But it make the traders to stop changiNg the dollar at least, and that brings abt the appriaciation of naira |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by banmee(m): 6:38pm On Apr 17, 2016 |
SamuelAnyawu: for it to mean anything, what is the exchange rate of the the dollar to the yuen? |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by Maski87: 6:38pm On Apr 17, 2016 |
Good when next you travel to dubai or Europe carry your yuan or rehimbi and see who will take it from you the only people who will benefit are onitsha traders you will still use nigeria money to support Chinese business 2 Likes |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by modath(f): 6:38pm On Apr 17, 2016 |
TheGoodJoe: I know nah, na today... Just reiterating that the BM rate that some "experts" have been using as point of ref when calling for devaluation is not devoid of myriads of speculative & sharp practices... Probably, if we didn't have billions in septic tanks & bedroom safes, maybe it would have been at 220-250 band? My 2k. 2 Likes |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by free2blast(m): 6:40pm On Apr 17, 2016 |
masterblogger:Lol....carry your Ubangidi comot here jare. Who Uba don epp? Trying to claim credit where there is none. 1 Like |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by lumeneng22: 6:41pm On Apr 17, 2016 |
Alli express here I come. |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by mumbasa: 6:42pm On Apr 17, 2016 |
If it is swap deal fine but i heard that it was Loan plea. If it was a loan then people who believe everything from APC should sit and think. Only a fool will go to China to negotiate terms and conditions to borrow $2billion when: 1) We are expecting $200billion from looted money starched away in Dubai. 2) America is helping us repatriate $6billion kept by former PDP Governor's and ministers in the USA. 3) Loads of thieves under Jonathan have returned millions of dollars. 4) Trillions of Naira raked in by the Nigeria custom service. 5) Millions of Dollars saved by the TSA and all leakages blocked. Even if you are very dumb, you must ask questions of this government. Let's pray it is not loan negotiations cos d truth neva come awt finish. 1 Like |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by Jlow2: 6:43pm On Apr 17, 2016 |
i pray my igbo brothers can at least say thank u 2 buhari for dis great move which dey wld be the most beneficiary. 1 Like |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by StarMogul(m): 6:44pm On Apr 17, 2016 |
Will this solve our problem,we as a nation are trying to be more of an exporting based economy nd less of an importing one.This will only give room for less pressure on d dollar nd more pressure on the yuan....Becus we still import....Simple economics.We still don't hv a budget hw will d loan given by China be appropriated and accounted for if not through a well detailed budget...I don't trust dat money will be effectively utilized,soon we will hear stories dat touch... BOOSIT MEHNNN 2 Likes 1 Share |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by masterblogger(m): 6:45pm On Apr 17, 2016 |
free2blast: Uba don give scholarship to soo many people, built low cost houses for the masses, created thousands of jobs, build churches, hospitals, health care units, schools etc. Who APC as a whole done epp? |
Re: Nigeria, China Currency Swap Forces USD Rate Down: Bureau De Change Association by PurpleHouse(m): 6:48pm On Apr 17, 2016 |
It's a big scam for Dollar to be selling above 250 in the parallel market and even innmost Banks... A big Scam! 2 Likes |
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