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Nairaland Forum / Nairaland / General / Politics / Reps Move To Revive Yuan/ Naira Swap Deal (11369 Views)
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Reps Move To Revive Yuan/ Naira Swap Deal by ManirBK: 9:53am On Dec 21, 2023 |
The House of Representatives is moving to revive the Bilateral Currency Swap Agreement (BCSA) signed between Nigeria and China. https://www.premiumtimesng.com/news/more-news/653038-reps-move-to-revive-yuan-naira-swap-deal.html 12 Likes 2 Shares
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Re: Reps Move To Revive Yuan/ Naira Swap Deal by ManirBK: 9:53am On Dec 21, 2023 |
Welcome development 9 Likes |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by SoNature(m): 10:47am On Dec 21, 2023 |
This is a good development. If we can achieve this, it will reduce the pressure on naira because most of the items we import come from China. Unfortunately, China even likes the USD more than yuan. 44 Likes 9 Shares |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by Lovemeharder(f): 12:12pm On Dec 21, 2023 |
Wow! Good news. 1 Like |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by fidelmarshal199: 12:12pm On Dec 21, 2023 |
To the masses, this is neither goodnews no badnews, It's nothing because the effect won't be felt in the economy. What will need in Nigeria is a functional refinery and to be less dependent on foreign products. That's the only way our currency can appreciate. if them like make dem adopt saudi arabia riyal. Naira to a dollar will still be at the rate of 1200. 9 Likes |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by KingLennon(m): 12:12pm On Dec 21, 2023 |
Watch how 1 Chinese Yuan will be 1000 naira is the space of 2 years .... And China prefers dollar to their yuan o 14 Likes |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by Irupetepete: 12:13pm On Dec 21, 2023 |
It is a good move |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by Wealthoptulent(m): 12:13pm On Dec 21, 2023 |
ManirBK:E no suppose hard, God wey Revive Oladips in few days go run this Few hours! 1 Like 1 Share |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by Kongaone: 12:13pm On Dec 21, 2023 |
Since when? 1 Like |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by integrity16(m): 12:13pm On Dec 21, 2023 |
Would the west allow that to happen ? Do they have the balls to do it? 7 Likes 1 Share |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by Olachase(m): 12:14pm On Dec 21, 2023 |
All this while |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by FaceTanke: 12:14pm On Dec 21, 2023 |
Give me Chinese Visa |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by ColonelMichael: 12:14pm On Dec 21, 2023 |
how many of una don enter 50 percent transport fare as announced by this career criminal and muslim terrorist? the refineries he promised you guys to start working this december, how far? how about the siemens deal? NIGERIANS IF UNA KNOW WETIN UNA DEY INSIDE, NA UNA GO USE UNA HAND DETONATE A PLUTONIUM BOMB FOR ASO ROCK AND DIE WITH IT, COS YOUR LIVES ARE WORTHLESS NOW 1 Like
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Re: Reps Move To Revive Yuan/ Naira Swap Deal by SuccessfulRichi: 12:14pm On Dec 21, 2023 |
SoNature: China are looking for dollars for their foreign reserves. And all you'd say is good development. Somehow. But China wins in this regard. 3 Likes 2 Shares |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by LordGuru1: 12:14pm On Dec 21, 2023 |
Anything to support Tinubu to kick Poverty out of Nigeria is welcome. 2 Likes |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by KingKO22: 12:14pm On Dec 21, 2023 |
Good one Jagaban on d throne 1 Like 1 Share |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by Beuberry(f): 12:14pm On Dec 21, 2023 |
Of what benefit? Naira is on free fall like olosho bweast! The witch doing Nigeria is too wicked. It's like she made all Nigerians sign life time suffering agreement with poverty. PVT is high in town. 1 Like |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by viodemus: 12:14pm On Dec 21, 2023 |
SoNature: You are wise with your last statement. If the SE is wise, they won't do this yet. 1 Like |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by Felabrity: 12:15pm On Dec 21, 2023 |
Buhari uselèss sha See how everybody werr happy when the news came out |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by money121(m): 12:15pm On Dec 21, 2023 |
Ok |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by Skillsnigeria: 12:17pm On Dec 21, 2023 |
That's good |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by IPDGP: 12:17pm On Dec 21, 2023 |
Dont know about economics so i dont have anything to say, maybe the next person 1 Like |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by SoNature(m): 12:17pm On Dec 21, 2023 |
SuccessfulRichi: No, it's a win for Nigeria because it will reduce the demand for our USD. Nigérians who wish to buy from Chinese companies will now use their local currency. In other words, we can use our USD for other things instead of buying from China. The only challenge here is that China may not even accept it because exportation is a major foreign currency earner for all countries. |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by rottennaija(m): 12:19pm On Dec 21, 2023 |
SoNature:China likes USD more than yuan? You well so? 1 Like |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by Satazaa: 12:22pm On Dec 21, 2023 |
never ever announce to the whole world of your "intentions" to adopt the yuan as a substitute to the dollar for your currency in international trade, it's akin to plotting a coup by the western world, just do it. these guys should go an watch the film, the good the, bad and the ugly by Clint Eastwood with the famous line of " if you want to shoot, shoot and don't talk" 1 Like |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by Decarbonisation: 12:22pm On Dec 21, 2023 |
Waste of time. |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by oluwaseyi0: 12:23pm On Dec 21, 2023 |
Unfortunately consumption only country like Nigeria have no say in this How do we acquire the Yuan? Buy the Yuan with USD? because we have no sufficient goods to sell to China to acquire Yuan China won't be stupid enough to collect unstable naira in exchange of Yuan from us 5 Likes |
Re: Reps Move To Revive Yuan/ Naira Swap Deal by vRendoh(m): 12:24pm On Dec 21, 2023 |
SoNature: How do you source the Yuan? China buys little from us or we dont have /produce to sell to others. the reason we dont have dollars to spend. the basic truth is when we produce what others want to buy, then we will have foreign currency to spend. Dollar or Yuan><. This China business will only make us heavily indebted to China in trillions in few years time. Let us all go and work and spend wisely. 1 Like |
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