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Dollar Falling: N405. - Business - Nairaland

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Dollar Falling: N405. by 989900: 3:40pm On Mar 21, 2017
The dollar is trading at N415 as we speak with further fall expected as:

1. The US Federal Reserve raises interest rates

2. Trump goes on anti-Europa megalomaniac insanity

3. Trump administration fancies a relatively weaker dollar in response to China and Japan.

4. The CBN continues to fund Nigeria's Forex market

5. Oil prices remain relatively steady

6. Speculators dump the dollar

7. And e.t.c. and e.t.c.

EDIT: My ab0ki says N405 just now.

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Re: Dollar Falling: N405. by Ngasky(m): 3:45pm On Mar 21, 2017
This is long overdue
Re: Dollar Falling: N405. by Earth2Metahuman: 3:46pm On Mar 21, 2017
Trump should make dollars very weak o

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Re: Dollar Falling: N405. by Jesusloveyou: 3:46pm On Mar 21, 2017
More need to be done.
Cbn should do better than this to upsurp the mess they created.

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Re: Dollar Falling: N405. by adem30: 3:56pm On Mar 21, 2017
abokifx.com

Re: Dollar Falling: N405. by 989900: 3:58pm On Mar 21, 2017
Time for speculators and hoarders to count their gains and losses and move on, or remain adamant and lose all.

Once black market merges with close to Western union, trust me, we are headed for N320 to a dollar in few weeks at the minimum!

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Re: Dollar Falling: N405. by ipain: 4:02pm On Mar 21, 2017
989900:
Time for speculators and hoarders to count their gains and losses and move on, or remain adamant and lose all.

Once black market merges with close to Western union, trust me, we are headed for N320 to a dollar in few weeks at the minimum.
why isn't 220 possible and will all banks remove limits and embargo on their cards once the dollar becomes supplus?
Re: Dollar Falling: N405. by 989900: 4:05pm On Mar 21, 2017
ipain:
why isn't 220 possible and will all banks remove limits and embargo on their cards once the dollar becomes supplus?

Time will tell, but seriously, we have reactionary policy makers in lieu of pro active policy makers.

That said, all limits can't be removed now, raised higher, they can.
Re: Dollar Falling: N405. by 989900: 4:08pm On Mar 21, 2017
adem30:
abokifx.com

My ab0ki in Ikeja says N405, Ibadan says N400.

Ab0kifx is comprised, I used to support that site with info when they first started out.

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Re: Dollar Falling: N405. by ipain: 4:15pm On Mar 21, 2017
989900:


Time will tell, but seriously, we have reactionary policy makers in lieu of pro active policy makers.

That said, all limits can't be removed now, raised higher, they can.
I mean when the dollar become surplus, so we are still not gonna have at least $100/month spending limit across all banks and will be left with just GTB And Access bank?
Re: Dollar Falling: N405. by 989900: 4:18pm On Mar 21, 2017
ipain:
I mean when the dollar become surplus, so we are still not gonna have at least $100/month spending limit across all banks and will be left with just GTB And Access bank?

Of course those should be increased right now, once that happens, black market should converge closer to bank rates . . .

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