berem:
All these Jonathanians praising Datolee,does it mean you can't engage in debates? Firefire,tell Datolee to help you in the thread you created about Tinubu. You must not run away from it.

Madam,

Datolee is on a Special Mission on International League. Please leave am out of our Local League.

Obiagelli:

Can you give me the parallel rate for 1983 before buhari?

The reason for the disparity is not the purpose of this thread, neither was it for datolee's

You don't expect me to discuss black market prices

There was no visible parallel market pre Buhari era apart from 1980 due to the global recession of 1980. The market picked up afterwards. It was during Buhari's regime that Parallel Market/Black Market became constant. GEJ is still trying to fix the black market mess Buhari created in 1984. Comprende?

Firefire:


Madam,

Datolee is on a Special Mission on International League. Please leave am out of our Local League.

Obviously, she is not aware of the dude's mission.

Obiagelli:


My question Is that official rate the same thing as cbn rates?

I gave 2013 as an example, the rate says 153.21-162.9 while cbn rate was 154.75.

www.cenbank.org/rates/ExchRateByCurrency.asp?beginrec=2401&endrec=2500&currencytype=

en.m.wikipedia.org/wiki/Nigerian_naira

Ok.

1. Official rate of the currency is the declared amount by the Central Bank of Nigeria (This does not mean you will get the fx at the official rate)

2. The applicable rate to get your fx is in parallel market also called interbank rate.

Hope this answers your question ?

atlwireles:


That is the 1 billion naira question. She probably did not understand the intent of the thread she created.

Why not wait for datolee to answer my question, just keep cheering, don't go beyond your capacity

Obiagelli:

Why not wait for datolee to answer my question, just keep cheering, don't go beyond your capacity

See how your comrades have abandoned you. The cheering Datolee gets from the crowd is what gingers him to fire on without minding the casualty rate

Batolee:


There was no visible parallel market pre Buhari era apart from 1980 due to the global recession of 1980. The market picked up afterwards. It was during Buhari's regime that Parallel Market/Black Market became constant. GEJ is still trying to fix the black market mess Buhari created in 1984. Comprende?

boss..what happened to your moniker

Firefire:


Ok.

1. Official rate of the currency is the declared amount by the Central Bank of Nigeria (This does not mean you will get the fx at the official rate)

2. The applicable rate to get your fx is in parallel market also called interbank rate.

Hope this answers your question ?

I am not asking you for definitions, my question and links are quite clear. The rate we are quoting for 1983 - 1985 is not from the CBN website and does not match 2013 on the cbn website.

Btw the exchange rate at the bank is different from the blackmarket, what is the black market rate called?

Descartes:


See how your comrades have abandoned you. The cheering Datolee gets from the crowd is what gingers him to fire on without mind the casualty rate

easy on her bro..I really like the babe sha tho she do goof sometimes but I no send..she is just earning a living you know ...street red you no understand?

Firefire:


Ok.

1. Official rate of the currency is the declared amount by the Central Bank of Nigeria (This does not mean you will get the fx at the official rate)

2. The applicable rate to get your fx is in parallel market also called interbank rate.

Hope this answers your question ?

She cannot understand, your explanation might be too technical for her. Type it in igbo language abeg

Batolee:


There was no visible parallel market pre Buhari era apart from 1980 due to the global recession of 1980. The market picked up afterwards. It was during Buhari's regime that Parallel Market/Black Market became constant. GEJ is still trying to fix the black market mess Buhari created in 1984. Comprende?

Oh, i didn't know you switched moniker, that does not answer my question but what evidence do you have that buhari created the parallel market in 1985, he left office in August. What evidence do you have that the parallel rate was not for the last quarter of 1985

Obiagelli:

Why not wait for datolee to answer my question, just keep cheering, don't go beyond your capacity

, as long it's not your capacity, then I have many reasons to cheer in this Country. Knowing, almajiris and liars like you will never get close to the corridors of power again. Yep, I will keep cheering for datolee, as you make the usual ediot of yourself.

CyberWolf:
boss..what happened to your moniker

I guess the Antispambot at work

CyberWolf:
boss..what happened to your moniker

Was banned

Mind you, this is not datolee

Obiagelli:


I am not asking you for definitions, my question and links are quite clear. The rate we are quoting for 1983 - 1985 is not from the CBN website and does not match 2013 on the cbn website.

Btw the exchange rate at the bank is different from the blackmarket, what is the black market rate called?

Black Market rate is not subjective to this calculation, you can't find any black market rate anywhere than from the vendors.

Our presentation only showcase Official Rate & Parallel Market and nothing more.

Economist will never use black market rate as a subject of discussion.

I believe if any of you Jonathan supporters have daughters who were kidnapped by terrorists and you see the President is practically doing nothing about it... you won't be deluded in this way.. The fact is Jonathan has ruled for 4 years and the situation has only gone worse.. I mean why do people complain that it's his enemies that are behind all this when whom we are talking about here is the President and Commander in Chief of the armed f***ing forces? Are we saying Jonathan's enemies are more powerful than he is? who is incharge in Nigeria?
-Nigeria doesn't have its own national air career? you all are jokes. ...
-Some places have not seen government electricity for close to 3 years. ...
-We still transport our fuel through the roads when the rails can be constructed. ...
-Nigeria doesn't have its own refinery. ...
- All the aircrafts used by the Nigerian airforce are trainer aircrafts abroad. ...
-The Nigerian police do not have patrol helicopters yet...


So what exactly are we talking about?

Firefire:



Black Market rate is not subjective to this calculation, you can't find any black market rate anywhere than from the vendors.

Our presentation only showcase Official Rate & Parallel Market and nothing more.

Economist will never use black market rate as a subject of discussion.

Gbam!!!

Anyone who does that is a certified Pseudo economist

#Fact

dexpendable:
I believe if any of you Jonathan supporters have daughters who were kidnapped by terrorists and you see the President is practically doing nothing about it... you won't be deluded in this way.. The fact is Jonathan has ruled for 4 years and the situation has only gone worse.. I mean why do people complain that it's his enemies that are behind all this when whom we are talking about here is the President and Commander in Chief of the armed f***ing forces? Are we saying Jonathan's enemies are more powerful than he is? who is incharge in Nigeria?
-Nigeria doesn't have its own national air career? you all are jokes. ...
-Some places have not seen government electricity for close to 3 years. ...
-We still transport our fuel through the roads when the rails can be constructed. ...
-Nigeria doesn't have its own refinery. ...
- All the aircrafts used by the Nigerian airforce are trainer aircrafts abroad. ...
-The Nigerian police do not have patrol helicopters yet...


So what exactly are we talking about?

You miss road

Batolee:


She cannot understand, your explanation is might be too technical for her. Type it in igbo language abeg

Chai... diaris...

Batolee:


She cannot understand, your explanation is might be too technical for her. Type it in igbo language abeg

You definitely know i am not asking for definition.

From that same source, are saying there was no parallel market from 2005- 2013? You just trying to be clever

2001 99-106 (104-122 PM)
2002 109-113 (122-140 PM)
2003 114-127 (135-137 PM)
2004 127-130 (137-144 PM)
2005 132-136
2006 128.50-131.80
2007 120-125
2008 115.50-120
2009 145-171
2010 148.21-154.8
2011 151.05-165.1
2012 155.09-161.5
2013 153.21-162.9

Batolee:


Was banned

Mind you, this is not datolee

you wan obi to run mad ..firing her from all corner..abeg oo...I wonder why all other progressives abandoned her ...anyway do we really have northerners in this forum ..

Descartes:



Chai... diaris...

We have typed 5 pages to educate Madam Oby and she is still not getting the point, so I thought we should switch to her native language.

Batolee:


There was no visible parallel market pre Buhari era apart from 1980 due to the global recession of 1980. The market picked up afterwards. It was during Buhari's regime that Parallel Market/Black Market became constant. GEJ is still trying to fix the black market mess Buhari created in 1984. Comprende?

Who be this?
Datolee is that you?

Firefire:



Black Market rate is not subjective to this calculation, you can't find any black market rate anywhere than from the vendors.

Our presentation only showcase Official Rate & Parallel Market and nothing more.

Economist will never use black market rate as a subject of discussion.

Fantastic, just what i want to hear. Go back to my links and check 2013 cbn rates and our source, how come they don't tally since they are both official rates.

www.cenbank.org/rates/ExchRateByCurrency.asp?beginrec=2401&endrec=2500&currencytype=

en.m.wikipedia.org/wiki/Nigerian_naira

Obiagelli:


You definitely know i am not asking for definition.

From that same source, are saying there was no parallel market from 2005- 2013? You just trying to be clever

2001 99-106 (104-122 PM)
2002 109-113 (122-140 PM)
2003 114-127 (135-137 PM)
2004 127-130 (137-144 PM)
2005 132-136
2006 128.50-131.80
2007 120-125
2008 115.50-120
2009 145-171
2010 148.21-154.8
2011 151.05-165.1
2012 155.09-161.5
2013 153.21-162.9

Batolee is different from Datolee. Ok?

Now, I will like to understand what you wish to achieve with your question.

- Do you want to invalidate datolee submission of the 107% devaluation or want to know if there is no parallel market from 2005- 2013?

What will be your point at the bolded ?

Obiagelli:


Fantastic, just what i want to hear. Go back to my links and check 2013 cbn rates and our source, how come they don't tally since they are both official rates.

www.cenbank.org/rates/ExchRateByCurrency.asp?beginrec=2401&endrec=2500&currencytype=

en.m.wikipedia.org/wiki/Nigerian_naira

What did not tally ?

Official rate is official rate

Parallel market rate is parallel market rate.

So ?

major466:

Who be this?
Datolee is that you?

Boss, this is not Datolee.

Datolee, Datolee, Datolee, please come and quench this fire that you started. Oby needs to be put out of her misery.

Batolee:


Boss, this is not Datolee.

Yea it can be cos the initials are different and so of different entities

Everyone is learning.

Now I extract your link.

What is your question again Obiagelli?

Obiagelli:


Oh, i didn't know you switched moniker, that does not answer my question but what evidence do you have that buhari created the parallel market in 1985, he left office in August. What evidence do you have that the parallel rate was not for the last quarter of 1985

Disclaimer, I only one moniker online. I do not need evidence when Buhari himself said that the exchange rate was about 1.2 to 1.5 by the time he left office, and my calculation was based on 1.5, not 1.7 found in the other website.

Parallel market is different from black market. Parallel marker is more prevalence in developing countries where in most cases, they will have PEGGED exchange rate and market determine exchange rate.

For example, the 2015 budget, the FG is exchanging at 165 to a dollar but you know, that is not market determines.

About your other observations, you are right, in that it is difficult to find exchange rates information from 1980... However, whichever you looked at it, Naira lost value during Buhari 20 months regime even at a relatively stable oil price. I'm done and ready to sleep.

Firefire:


Batolee is different from Datolee. Ok?

Now, I will like to understand what you wish to achieve with your question.

- Do you want to invalidate datolee submission of the 107% devaluation or want to know if there is no parallel market from 2005- 2013?

What will be your point at the bolded ?

Since the table isn't showing Parrellel rate for 2005 - 2013, is it safe to say there was no parallel market like datolee is claiming before 1985.

2nd official rate for 2013 on that table and the one on cbn's website do not tally.

Therefore there is no way you or datolee can tell me that i can't get 0.894 from the bank in 1985.

Finally this was clearly written on the Wikipedia page datolee got his figures from

This table shows the historical value of one U.S. Dollar in
Nigerian naira - PM = Parallel Market. [ citation needed ]