Why Is It So Hard For CBN To Eliminate Black Market And Get A Standard Xchange - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / Why Is It So Hard For CBN To Eliminate Black Market And Get A Standard Xchange (420 Views)
Senate Asks CBN To Suspend ATM Card Maintenance Charges / Alaba Int'l Market And Aba Market: Which Is The Most Popular? (2) (3) (4)
(1) (Reply)
| Why Is It So Hard For CBN To Eliminate Black Market And Get A Standard Xchange by jose556(m): 8:39am On Feb 18, 2017 |
The foreign currency market in Nigeria is nothing short of crazy. Imagine a country where one can not to say this is the exchange rate of dollars because of the overwhelming amount of exchange rates available. The corruption in the system has of course not help matters at all. From businesses that make use of dollars to buy resources to the ordinary Nigerians, the situation is all as confusing as ever. I don't see why CBN can't just erase this madness and set things right for one.
|
| Re: Why Is It So Hard For CBN To Eliminate Black Market And Get A Standard Xchange by Sunnymatey(m): 9:11am On Feb 18, 2017 |
That's APC fraud 1 Like |
| Re: Why Is It So Hard For CBN To Eliminate Black Market And Get A Standard Xchange by sholatech(m): 9:34am On Feb 18, 2017 |
The moment CBN governor can tell the President to his face..'Oga, we have to devalue & give Naira it's true Value'. That way, at true Naira value, you can get your USD like before from the bank if you can afford it. The black market will then not have attraction. The parallel or black market is the place to go now for most of the USD demands by Nigerians |
(1) (Reply)
Canned Foods , Canned Fish , China Canned Fruit Factory & Manufacturers – Shan / Let's Support A Nairalander For An Award! Please Vote! / Sell Your Itunes Gift Card To Me
(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. 8 |