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Nairaland Forum / Nairaland / General / Business / CBN Rules Out Naira Fall As External Reserves Hit $34bn (8045 Views)
External Reserves Hit $38.7bn, Rise By 50% In One Year / Nigeria’s External Reserves Hit Four Year High Of $38.2bn — Emefiele / Nigeria’s External Reserves Hit 3-year High At $33.112 Billion (2) (3) (4)
Re: CBN Rules Out Naira Fall As External Reserves Hit $34bn by DrGaius(m): 8:35am On Oct 30, 2017 |
I believe things are gradually falling in line. Hope it will be sustained. But I think the exchange is way to high. They have to work on that. |
Re: CBN Rules Out Naira Fall As External Reserves Hit $34bn by GiantParrot(m): 8:39am On Oct 30, 2017 |
This is commendable. At least compared to the incredible waste we saw between 2010 and 2015. Hopefully this will be sustainable and the president will not entertain any more unsound ideas that could cause crisis in the Niger Delta. seunmsg: We'd all like to see lower exchange rates. What would you advise the government should do to achieve the desired rates? |
Re: CBN Rules Out Naira Fall As External Reserves Hit $34bn by eagleonearth(m): 8:47am On Oct 30, 2017 |
If our external reserve is rising astronomically, then why are will still borrowing? |
Re: CBN Rules Out Naira Fall As External Reserves Hit $34bn by apalemighty01(m): 8:54am On Oct 30, 2017 |
9jakohai: Saudi Arabia, Russia, Iran. just to name a few 1 Like 1 Share |
Re: CBN Rules Out Naira Fall As External Reserves Hit $34bn by Dollabiz: 8:55am On Oct 30, 2017 |
Hmmm |
Re: CBN Rules Out Naira Fall As External Reserves Hit $34bn by Nobody: 8:55am On Oct 30, 2017 |
Re: CBN Rules Out Naira Fall As External Reserves Hit $34bn by EvilMetahuman: 9:25am On Oct 30, 2017 |
Dollars is still 370. Until it comes back to 200 atleast, Bleep this useless government. |
Re: CBN Rules Out Naira Fall As External Reserves Hit $34bn by joenor(m): 9:56am On Oct 30, 2017 |
So how has it affect the masses? |
Re: CBN Rules Out Naira Fall As External Reserves Hit $34bn by babytoun: 10:03am On Oct 30, 2017 |
Throwback: Foreign reserve growing and external debt profile rising as well. It's like claiming your savings has grown when bank loans are also rising. Work done =0 |
Re: CBN Rules Out Naira Fall As External Reserves Hit $34bn by Nobody: 10:33am On Oct 30, 2017 |
apalemighty01: Saudi Arabia, that is talking of diversifying. Russia, that was hit badly by the last oil crash.... And anyway has an industrial sector. Iran, that has a growing scientific and industrial sector. Abeg, who oil EPP? |
Re: CBN Rules Out Naira Fall As External Reserves Hit $34bn by jpphilips(m): 10:54am On Oct 30, 2017 |
echelons: 360 naira seems to be an equilibrium between our forex income and expenditure, if you want to drop the naira further, you may consider begging our ungrateful igbo brothers feeding fat on our collective forex for importation, they may have a change of heart to diversify from import to manufacturing. 3 Likes 1 Share |
Re: CBN Rules Out Naira Fall As External Reserves Hit $34bn by ashjay001(m): 11:15am On Oct 30, 2017 |
hisgrace090: Imagine d dollar becoming #1=$1! Everyone can now afford to buy original imported goods!? What do u think will happen to d local manufacturers? Why do u think china regularly devalues its currency? 1 Like 1 Share |
Re: CBN Rules Out Naira Fall As External Reserves Hit $34bn by Throwback: 3:33pm On Oct 30, 2017 |
babytoun: You see that one talk. |
Re: CBN Rules Out Naira Fall As External Reserves Hit $34bn by uzomagic(m): 2:06am On Oct 31, 2017 |
It's all coming together now. Food inflation is dropping even further, the reserves are building, with rising oil prices the economic outlook is generally positive. So positive that the CBN is targeting a far lower inflation rate by early next year. 1 Like 1 Share |
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