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CBN To Admit Bdcs Into Interbank Market - Business (3) - Nairaland

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Naira Finally Improves At The Interbank Rate / Naira Quoted At 253/$ As Interbank Market Opens / Naira Crashes To N285/$1 At Interbank Market (2) (3) (4)

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Re: CBN To Admit Bdcs Into Interbank Market by Purej: 3:19pm On Jun 29, 2016
This is a good move. With this, the parallel market rate will drop drastically

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Re: CBN To Admit Bdcs Into Interbank Market by deji47: 8:57pm On Jun 29, 2016
grandstar:


I think it's a good policy. It will bring down sharply the difference between the official and black market rates. The official is 280 and the black market 330.The difference is 50naira or 20% gap.

It should not be more than 3%

With their entrance, the black market may drop to 300 or less

Theoretically, Yes. But knowing Nigeria......
Re: CBN To Admit Bdcs Into Interbank Market by grandstar(m): 8:12am On Jun 30, 2016
deji47:

Theoretically, Yes. But knowing Nigeria......
It worked in the past.

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