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Nairaland Forum / Nairaland / General / Business / How Much Did You Exchange The Dollar For Today? (1144531 Views)
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Re: How Much Did You Exchange The Dollar For Today? by makzeze: 2:24pm On Aug 01, 2015 |
DOLLAR NOW SALES FOR #205 in Abuja 2 Likes |
Re: How Much Did You Exchange The Dollar For Today? by peaceful22: 3:13pm On Aug 01, 2015 |
makzeze:For real? The aboki i called said 235. Pls give me a phone number to call please..... i need like 5000 dollars. |
Re: How Much Did You Exchange The Dollar For Today? by makzeze: 3:29pm On Aug 01, 2015 |
peaceful22:it it 215 not 205 pls. I have sent the number to you. |
Re: How Much Did You Exchange The Dollar For Today? by passwelle: 3:39pm On Aug 01, 2015 |
makzeze:Most places in Lagos this morning USD is 205 while GBP is 310. For those buying, remember your local banks in naija will NOT accept forex deposits. |
Re: How Much Did You Exchange The Dollar For Today? by Sonrexx: 4:26pm On Aug 01, 2015 |
makzeze:makzeze i have sent you an email so please contact me lets talk on how i can get those dollar from you. please am in ph |
Re: How Much Did You Exchange The Dollar For Today? by peaceful22: 4:42pm On Aug 01, 2015 |
makzeze:Ok dear thanks.... am still tempted to wait a little more since my travel date is next month. ... pray it further goes down. |
Re: How Much Did You Exchange The Dollar For Today? by Sonrexx: 6:21pm On Aug 01, 2015 |
peaceful22:dont pray it finally goes down but drastically and permanently goes down for the good of only nigerians. |
Re: How Much Did You Exchange The Dollar For Today? by IVORY2009(m): 10:05pm On Aug 01, 2015 |
makzeze: I predicted dis, I dey laugh , intelligent peeps now use their cards, and get dollars @ a cheaper rate. |
Re: How Much Did You Exchange The Dollar For Today? by mavinc4u(f): 10:58pm On Aug 01, 2015 |
IVORY2009: The analysis is that cbn has made it that customers cannot deposit to domiciliary account so what will you do with the dollar after buying them since you can't deposit to your account? 2 Likes |
Re: How Much Did You Exchange The Dollar For Today? by arbitrage: 11:37pm On Aug 01, 2015 |
mavinc4u: I was surprised when I got the email to that effect from GTBank today. |
Re: How Much Did You Exchange The Dollar For Today? by makzeze: 5:12am On Aug 02, 2015 |
mavinc4u:carry them in your pocket abd travel abroad. it is less than 10k $ no need to declare. |
Re: How Much Did You Exchange The Dollar For Today? by fatigah(m): 6:09am On Aug 02, 2015 |
ce bein, |
Re: How Much Did You Exchange The Dollar For Today? by IVORY2009(m): 9:41am On Aug 02, 2015 |
mavinc4u: If this is the reasons, I can assure you the banks are going to find a way out of dis, in the coming days. |
Re: How Much Did You Exchange The Dollar For Today? by passwelle: 12:20pm On Aug 02, 2015 |
IVORY2009:I can assure you they will not, not at the expense of their Banking license. Note that most banks will not allow outward telegraphic transfers of FX that has already been deposited as cash into dom accounts. 1 Like |
Re: How Much Did You Exchange The Dollar For Today? by makzeze: 12:28pm On Aug 02, 2015 |
passwelle:pls how can one transfer dollar abroad for purchase of goods. |
Re: How Much Did You Exchange The Dollar For Today? by Ymodulus: 12:33pm On Aug 02, 2015 |
IVORY2009:If you have your money in a foreign land then send it back to Nigerian domiciliary account. I just off loaded all my dollars into Bank of America account and A Gtbank Domiciliary account from china. The way now is to transport dollars outside at cheap rate and sell electronically at high rate. That's the new business. First deal work. But for me now. I don't want to store my money in dollars untill its stable again. I am OK with the naira |
Re: How Much Did You Exchange The Dollar For Today? by passwelle: 12:54pm On Aug 02, 2015 |
makzeze:To fund imports, if its on list of what is approved by CBN, you apply for financing thru Form M etc. If its not on the list of importable items approved by CBN, you resort to finding forex funding from abroad or from individuals who have FX in their dom accounts funded thru foreign transfers. For those who have funded their dom accounts using cash deposits they may be unable to transfer this outside the country. nb. Note that this is for those who deploy large amounts of funds for imports. If sub $50k, you can just use you naira denominated cards. |
Re: How Much Did You Exchange The Dollar For Today? by stagger: 1:32pm On Aug 02, 2015 |
By Wed I will have about 2500 USD for sale but only by electronic transfer and at 240. Only serious people will be attended to. |
Re: How Much Did You Exchange The Dollar For Today? by makzeze: 2:15pm On Aug 02, 2015 |
stagger:i want to sell mine too, but by cash. |
Re: How Much Did You Exchange The Dollar For Today? by Ymodulus: 2:31pm On Aug 02, 2015 |
passwelle: You can't use naira denominated cards as you now allowed to redraw above $300 pe day. And real business importers talk in thousands of dollars not hundreds. It goes to say form A - Intangible items or service or Form M is the way. We are back to old times. |
Re: How Much Did You Exchange The Dollar For Today? by passwelle: 2:33pm On Aug 02, 2015 |
Ymodulus:Who said anything about withdrawing cash? You can use your GTB card for foreign transactions web/POS up to 4 million naira in a day. |
Re: How Much Did You Exchange The Dollar For Today? by Ymodulus: 2:34pm On Aug 02, 2015 |
stagger: You are not ready to sale yet. The price electronically now is 220. I sold mine 210. If you want 220-225 that's the price. Act smart and off load your dollars. Note. There is a current ish now. Transferring from some bank Dom is showing error via e banking. Confirmed from Gtbank and Fidelity. |
Re: How Much Did You Exchange The Dollar For Today? by Ymodulus: 2:41pm On Aug 02, 2015 |
passwelle: Bro, you mentioned $50k and likes in your post. Importers that spend such amount don't use POS they give cash factories prefer cash and not pos. Beside it is crazy to spend 4million per day via POS. The only way I see your idea working is when you do POS for money. It's done in countries like China. Where you use pos input amount and the pos owner gives you raw cash at said amount. Aside all this no serious importer will travel to get goods in a foreign land of high amount and pay using POS its never done. |
Re: How Much Did You Exchange The Dollar For Today? by passwelle: 2:47pm On Aug 02, 2015 |
passwelle:@Ymodulus, you obviously did not read the original post well. I have quoted this above. As used "sub $50k" means if less than $50k. |
Re: How Much Did You Exchange The Dollar For Today? by Ymodulus: 2:51pm On Aug 02, 2015 |
passwelle: OK , I missed that 'sub'. But even at that you would have used the word $1-14,000. Thats appropriate. Same sorry I missed the word sub |
Re: How Much Did You Exchange The Dollar For Today? by arbitrage: 3:04pm On Aug 02, 2015 |
Ymodulus: Good. What method of transfer did you use in offloading from China to Bank of America and GTBank? Was it Payoneer kind of BoA account you mean? If so, how will you get your dollar out of BoA eventually? |
Re: How Much Did You Exchange The Dollar For Today? by mimima(f): 3:09pm On Aug 02, 2015 |
alternative ways of sending money is through bills for collections and letters of credit.its the best |
Re: How Much Did You Exchange The Dollar For Today? by arbitrage: 3:10pm On Aug 02, 2015 |
passwelle: I thought the platinum MasterCard is their highest, and that goes for N2m daily web/POS usage while the basic orange card is N1m. Where will you get N4m daily usage with all the recent CBN limitations? |
Re: How Much Did You Exchange The Dollar For Today? by arbitrage: 3:11pm On Aug 02, 2015 |
mimima: Please expatiate on these methods. |
Re: How Much Did You Exchange The Dollar For Today? by passwelle: 3:21pm On Aug 02, 2015 |
arbitrage:You are wrong Sir. Please refer to link below. The limits you quote are for local transactions. http://www.gtbank.com/personalbanking/cards/mastercard/gtbank-naira-debit-cards/gtbank-platinum-debit-mastercard#transaction-limits |
Re: How Much Did You Exchange The Dollar For Today? by uchman(m): 6:15pm On Aug 02, 2015 |
Please how much is dollar rate today in Nigeria? 1 Like |
Re: How Much Did You Exchange The Dollar For Today? by stagger: 6:19pm On Aug 02, 2015 |
Ymodulus: Why should I? September is approaching when schools abroad (UK and others) are opening for a new session. People will need foreign currency to pay school fees. Where will they source the money from seeing that dollar deposits are now prohibited? It will only come from electronic transfers. The way I see it, I am actually acting a lot smarter than most people selling their dollars now. What do you think? 3 Likes 1 Share |
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