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Nairaland Forum / Nairaland / General / Business / FG Mulls Unified Naira Exchange Rate Regime (25802 Views)
Why Is The Naira Exchange Rate Always In The News / FG Mulls Redenomination Option To Stabilise Naira / CBN Signals End To Official Rate Regime For Naira (2) (3) (4)
Re: FG Mulls Unified Naira Exchange Rate Regime by DenreleDave(m): 2:57pm On Jun 18, 2020 |
Meaning pls I didn't read all that |
Re: FG Mulls Unified Naira Exchange Rate Regime by Kenn55: 2:58pm On Jun 18, 2020 |
Still mulling after 5 years? |
Re: FG Mulls Unified Naira Exchange Rate Regime by Kelvin5214: 2:58pm On Jun 18, 2020 |
naira that you politicians have reduced to zero value with your looting and selfishness 1 Like |
Re: FG Mulls Unified Naira Exchange Rate Regime by SmartPolician: 3:00pm On Jun 18, 2020 |
emror4u: 360/$ is no longer attainable at this time I think the rate is now 389/$ That's what First Bank buys 1 Like |
Re: FG Mulls Unified Naira Exchange Rate Regime by bmdmixer: 3:03pm On Jun 18, 2020 |
mrkings84:govt say a aboki say b oyinbo say c |
Re: FG Mulls Unified Naira Exchange Rate Regime by Dee60: 3:03pm On Jun 18, 2020 |
Genius is when your currency exchanges at 129 to the dollar and you manage to take it up to 450 in 5 years! 2 Likes |
Re: FG Mulls Unified Naira Exchange Rate Regime by naijareferee: 3:03pm On Jun 18, 2020 |
Even South Africa rand has been made to float and hence quoted as an emerging currency pair with the USD on forex. UK ditched this exchange rate defence since 1992, why are we still defending this naira. I know if allowed to float, inflation will get out of hand... That's where monetary policy of our cbn heads will come into play... But alas, it's just okay to fluctuate the naira and make money for a few... We will have sense someday 1 Like |
Re: FG Mulls Unified Naira Exchange Rate Regime by blessedchild234(m): 3:03pm On Jun 18, 2020 |
This is also a good step in the right direction, at least let the dollar exchange rate reduce to at least 300naira - $. |
Re: FG Mulls Unified Naira Exchange Rate Regime by nedekid: 3:12pm On Jun 18, 2020 |
mrkings84:CBN rate is N380+ Blackmarket N450 CBN rate will be brought at par with Blackmarket rate. Ie new cbn rate =N450. And we all know that it will still be unavailable which means Blackmarket will increase to over 500. Summary, naira will be devalued. 6 Likes |
Re: FG Mulls Unified Naira Exchange Rate Regime by Philipxxxx0: 3:13pm On Jun 18, 2020 |
Please let it to 1000NGN per dollars, people like me are praying for that, ( cryptocurrency traders and freelancers), if you know, you know. 2 Likes |
Re: FG Mulls Unified Naira Exchange Rate Regime by DexterousOne(m): 3:14pm On Jun 18, 2020 |
SmartPolician: Why will I sell to First Bank at 389 When I cam sell to aboki at over N400 1 Like |
Re: FG Mulls Unified Naira Exchange Rate Regime by hgyg: 3:16pm On Jun 18, 2020 |
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Re: FG Mulls Unified Naira Exchange Rate Regime by DexterousOne(m): 3:16pm On Jun 18, 2020 |
Philipxxxx0: Actually You dont know With the currency weakening so bad Because of our exposure to foreign consumption Hyper inflation is sure to follow Bag of rice 50k Petrol pump price 500 And the list goes on Is this what u want? Better dont wish for such biko. $1 to N1k? Tufia 2 Likes |
Re: FG Mulls Unified Naira Exchange Rate Regime by DexterousOne(m): 3:17pm On Jun 18, 2020 |
blessedchild234: Not happening |
Re: FG Mulls Unified Naira Exchange Rate Regime by mrkings84(m): 3:19pm On Jun 18, 2020 |
nedekid: Thanks man, I now get it. I couldn't comprehend the whole thing B4 maybe because am hungry... 2 Likes |
Re: FG Mulls Unified Naira Exchange Rate Regime by mrkings84(m): 3:20pm On Jun 18, 2020 |
bmdmixer: U are still welcome! |
Re: FG Mulls Unified Naira Exchange Rate Regime by KingMicky3286: 3:28pm On Jun 18, 2020 |
Hahahahaha, you wan come test bubu policy for my body, Your blood Dey hot ooo. mrkings84: |
Re: FG Mulls Unified Naira Exchange Rate Regime by bayelsaowei(m): 3:28pm On Jun 18, 2020 |
They are still in plans? What we should be hearing is that that has been implemented... Slow govt |
Re: FG Mulls Unified Naira Exchange Rate Regime by rapid101(m): 3:28pm On Jun 18, 2020 |
same story for more than 5years now confused govt biko check my Ziggy 50% off on any design u get from us
|
Re: FG Mulls Unified Naira Exchange Rate Regime by mrkings84(m): 3:36pm On Jun 18, 2020 |
KingMicky3286: No o, asking for a friend! 1 Like |
Re: FG Mulls Unified Naira Exchange Rate Regime by bmdmixer: 3:37pm On Jun 18, 2020 |
mrkings84:ok |
Re: FG Mulls Unified Naira Exchange Rate Regime by Nobody: 3:40pm On Jun 18, 2020 |
Philipxxxx0: It seems you are new to this, let me break it to you, as long as you earn the dollar to spend in Nigeria, na same thing unless you are into export |
Re: FG Mulls Unified Naira Exchange Rate Regime by thoosing(m): 3:43pm On Jun 18, 2020 |
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Re: FG Mulls Unified Naira Exchange Rate Regime by Nobody: 3:45pm On Jun 18, 2020 |
When will one dollar equals to 0.8 Naira again |
Re: FG Mulls Unified Naira Exchange Rate Regime by SmartPolician: 3:53pm On Jun 18, 2020 |
DexterousOne: It's complicated If you wish to move funds from your foreign account to your savings/current account, they will do the automatic conversion for you. But then, that happens if you don't have a dormicilary account |
Re: FG Mulls Unified Naira Exchange Rate Regime by nedekid: 3:54pm On Jun 18, 2020 |
mrkings84:You de fast |
Re: FG Mulls Unified Naira Exchange Rate Regime by Ezmans: 3:57pm On Jun 18, 2020 |
Suitben:#deceivingcoutinues |
Re: FG Mulls Unified Naira Exchange Rate Regime by Brunicekid(m): 4:15pm On Jun 18, 2020 |
DexterousOne:I reject it also in Jesus Name. |
Re: FG Mulls Unified Naira Exchange Rate Regime by chukel(m): 4:16pm On Jun 18, 2020 |
Hope they are not about to peg this thing at 450 all round. Sometimes i don't understand the Nigerian economy. Oil price has started going up. It should reflect on the exchange rate by naira appreciating against dollar. But no. 2 Likes |
Re: FG Mulls Unified Naira Exchange Rate Regime by rontolo(m): 4:18pm On Jun 18, 2020 |
A unified rate (or whatever they choose to rebrand it as), will default to the current parallel market rate and remove much, if not all of govt intervention. The markets will determine the value, removing content he dollar subsidy. This must have been some of the conditions attached to recent $ loans. The options are limited, we simply can’t afford dollar support as it currently stands The impact is ‘structural’ devaluation of the Naira. I see N600/$ least by year end |
Re: FG Mulls Unified Naira Exchange Rate Regime by mikelduke: 4:19pm On Jun 18, 2020 |
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Re: FG Mulls Unified Naira Exchange Rate Regime by Penboy: 4:30pm On Jun 18, 2020 |
In short term, it's gonna be good news to those who earn FX. But long term... |
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