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Nairaland Forum / Nairaland / General / Business / Banks To Pay Customers Money Sent From Abroad In Naira (40881 Views)
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Re: Banks To Pay Customers Money Sent From Abroad In Naira by TUANKU(m): 7:50am On Feb 09 |
Pay/Send it in Monero. |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Sonfethopia: 7:50am On Feb 09 |
jmoore: It's not bank rate. All third party sending app have their conversion rate and it's like black market. The dollar option or euro option to recieve cash will be discarded and only the naira will be left. 1 Like 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by pocom16: 7:51am On Feb 09 |
Realdeals: Exactly...cuz I can't earn in USD and you give me naira...then when I want to carry out an international payment with USD ..The bank start speaking grammar 8 Likes 2 Shares |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by femicyrus(m): 7:51am On Feb 09 |
obas01:Then their customers will head to banks with cheaper exchange rate 1 Like 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Beautifulday: 7:51am On Feb 09 |
Coldspice: There are many ways to do it. Nigerians like more money. Since they cannot have their dollar either in bank or in cash, why would they send dollar? They will get someone who will send naira and collect dollar. Dollar remain in dollar economy and naira remain in naira economy. If you don't know, europe discourge nigerians send foreign exchange home. 2 Likes |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by VeeVeeMyLuv(m): 7:51am On Feb 09 |
Fiscus105:Why can't CBN go to digital platforms and create restrictions for Nigerians only. Liaise with binance and that's all. This particular policy what will happen to the Forex mopped up from inflows from diaspora abroad and from remote workers. Won't the banks give it to BDCs again to continue round tripping? Won't politicians buy them all up with their looted billions of naira and stuff/stash them in their bunkers? 1 Like |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by pocom16: 7:52am On Feb 09 |
ifinger: You can always do that ever since 1 Like 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Hopium: 7:52am On Feb 09 |
nairalanda1: Lol. Gibberish. These are part of the reason the CBN said we've dollarized our economy. And how does that stop anyone from earning in dollar. Earn your dollar whereever you want but you are getting the naira equivalent in Nigeria: that's what the CBN is saying. You lots are irredeemably sick. You've castigated the government for the bad naira strenght. This is one of the way naira is going to gain back purchasing power and you still dey complain. Dem swear for una?! You all want to earn in dollar, keep money in dollar, there are even hookup girls in Abuja and Lagos who insist on getting paid in dollar - are we in the USA. Even out banks keep ridiculous amount of dollars. Where do you expect naira strength to come from? Una never see anything. 10 Likes 3 Shares |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Paraman: 7:52am On Feb 09 |
Kukutenla:I don't hoard dollars but I do get dollars from close family members abroad. If the gap between the black market and official rate keeps on expanding, why will one want to exchange at bank rates? 7 Likes |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by richeeyo(m): 7:53am On Feb 09 |
mycar:That's the point, kill them without killing them 2 Likes 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Tranquility2345: 7:53am On Feb 09 |
Namaster: What you have written up there is trash. You think you are smart but you are just too dull. When the fx comes into Nigeria and it is changed to Naira, you think the fx just disappears? If you have ever lived or travelled abroad, do you think it is easy for every citizen to just open fx accounts to receive money in other currencies? Nairaland is full of very dull people I swear. Tueh!!! 5 Likes 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by femicyrus(m): 7:54am On Feb 09 |
Paraman:Bank rate should be normal and cheaper if not even 50% of black market. No one with Legitimate use of dollars will approach BDC when you can get a higher value at the bank 2 Likes 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Hopium: 7:54am On Feb 09 |
Beautifulday: Let's wait and see. Lol. P2P rate has found a floor, the rate is going to crash from here. Fyi, I'm a crypto trader/investor and I've held usdt since 2020. 1 Like 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by richeeyo(m): 7:54am On Feb 09 |
Namaster:Phf in foolishness You understand nothing You just want to type 2 Likes 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by 2Radii: 7:55am On Feb 09 |
BrighterSyde: Aahh eeyahh...I tot those dollars were hoarded by farmers and bricklayers before 1 Like 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by wallmosh: 7:55am On Feb 09 |
Realdeals: Looking at the policy, it is likely that reactivation of USD transactions with Naira card(s) should follow because with this policy the restriction makes no sense. 4 Likes 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Coldspice: 7:55am On Feb 09 |
Ebubu2: You are an ignorant fellow. Which USDT is, 1,600? On Binance this morning, it is less than 1,490. Government can't bring down crypto but can bring down exchanges. CZ of Binance who is currently seeing shege in the US can explain better. 2 Likes 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Teibaba(m): 7:55am On Feb 09 |
obas01: |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Inspirer1: 7:56am On Feb 09 |
ivolt:Well, let's see how far it'll go in achieving their aim |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Tranquility2345: 7:56am On Feb 09 |
pocom16: Brighter Grammar highly recommended for you sir! |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by ITbomb(m): 7:56am On Feb 09 |
Mavor:Bank FX rates and BDC are almost the same now, so it won't matter much. My only issue is that they should leave dom account for people who wishes to transact internationally (send out) 1 Like |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by tolue42(m): 7:57am On Feb 09 |
Ebubu2: Be claiming too smart naaa. We saw how Buhari brought down the whole crypto stuff few years ago. 1 Like 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Luckysbab: 7:57am On Feb 09 |
Forkthiefnubu: Look at the amount of bile you parked into one post, yet you will wonder why you live a meaningless life. 2 Likes 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Hopium: 7:57am On Feb 09 |
richeeyo: Don't mind the buffoon. His kind are the saboteurs destrong the naira. Our politicians, FG, banks, CBN, business folks, normies - we all destroyed the naira. We are getting the fix. Anyone who is sad that Cardoso is making progress (meanwhile, they've been blaming the FG for the weak naira), should japa to the USA to spend their dollar in peace. Lmao 2 Likes 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by folufx: 7:57am On Feb 09 |
No political will to solve Nigeria problems. Are these not the same people that shared dollars like no tomorrow in the last elections? |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Inspirer1: 7:58am On Feb 09 |
Ebubu2:But I've observed that as the price of dollar in the black market goes down so also that of usdt on crypto apps both with respect to the naira 1 Like 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by femicyrus(m): 7:58am On Feb 09 |
004gist:Not everyone needs dollar for legit transactions. Some just want to hoard and resell. Access should be limited to people truly in need of dollars for payment of school fee & importation. Others should settle for Naira. End of story 3 Likes 1 Share |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by e90(m): 7:58am On Feb 09 |
Realdeals:All money sent to domiciliary acct. Will also be converted to naira. You will be requested to provide a naira account to receive the money. I was a victim of this brouhaha yesterday. 6 Likes |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by pocom16: 7:58am On Feb 09 |
Hopium: You must be very stupid...I am certain...you are foolish idiots who doesn't earn a single dollar.. You supported the stupid president when he decided to float the naira especially when there is a supply issue...how do you float a currency you fully know can not sustain itself with supply and demand.. Buhari and Emifiele and a thousand times better than this you, cardoso and Ur daft president.. If then ..dollar influx were not coming in..but that government knew how to stabilise rates and only reduce value slightly when the burden of maintaining the rate goes beyond bearable.. They also knew how that removing fuel subsidy when you are still importing is bogus and doesn't make sense... You worsen the pains of the people when cost rises...and you can't guarantee supply because you still import.. This is why the government at that time postponed it twice.. You druggy came in without critical thinking and messed everything up.. Has the supply of dollar increased since he floated it. Lagos now has fuel scarcity.. |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Beautifulday: 7:58am On Feb 09 |
Hopium: There is never a floor when there is policy that upset deman rate. I am not talking of crypto. I know people making cool cash through p2p. They sell to importers direct. |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Tranquility2345: 7:59am On Feb 09 |
richeeyo: As in the idiot wrote that epistle full of trash thinking he sounds smart. To konk him bald head just dey hungry me I swear |
Re: Banks To Pay Customers Money Sent From Abroad In Naira by Fibonacci88: 7:59am On Feb 09 |
Kaido:Yeso but it comes with it's own risk. U don't want ur acc frozen one day that u received fraudulent inflow. My guy spent more than 2 weeks in police custody cos the money he exchanged on binance the sender acc was flagged to have been used as a conduit for money laundry. |
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