Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,880 members, 7,956,323 topics. Date: Monday, 23 September 2024 at 09:56 AM |
Nairaland Forum / Nairaland / General / Business / Naira Crashes To 241 Against US Dollar (954 Views)
Naira Crashes To N484 Against Dollar As More Bdcs Go Underground / Naira Crashes To 288/dollar At New Official Market / Naira Crashes As FG Denies Currency Swap Deal (2) (3) (4)
Naira Crashes To 241 Against US Dollar by ps3o(m): 9:32am On Jul 05, 2016 |
On Monday the naira hit another record low of 241 against the dollar at the parallel market, Reuters reported. The source notes that the ban on importers from accessing the Nigerian foreign exchange markets for the importation of 41 items had led to the volatility of the naira-dollar exchange rate at the black market. Nigeria's currency has fallen by 10.5 per cent from 218 to 241 against the greenback since June 23. According to foreign exchange dealers, the artificial scarcity of the United States currency still pervaded the market. Financial experts say the CBN need to devalue the naira to allow the local currency achieve an equilibrium price against the dollar. However, the CBN stated that it would not be focusing on the thinly-traded parallel market when determining the exchange rate, adding that people preferred to use the unofficial market for undocumented transactions. Continue Reading |
Re: Naira Crashes To 241 Against US Dollar by Arian11(m): 9:35am On Jul 05, 2016 |
Source ? |
Re: Naira Crashes To 241 Against US Dollar by abhosts(m): 9:57am On Jul 05, 2016 |
This is old news. |
Re: Naira Crashes To 241 Against US Dollar by ps3o(m): 4:32pm On Jul 05, 2016 |
Arian11:Naij.com |
Re: Naira Crashes To 241 Against US Dollar by Nobody: 5:17pm On Jul 05, 2016 |
I hereby called on the moderator of this forum to close this thread with immediate effect so as not to deceive well meaning Nigeria as his source is 11 months ago |
(1) (Reply)
Now You Can Use Iron Or Water Heater Conveniently With Your Small Generator / Choosing A 'catchy' Business Name / Please Where Can I Sell My Dollar
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 7 |