bettercreature:
No! i sold everything

Antiparticle:
While I'm somewhat indifferent about the tactics that Emefiele and the banking industry employ to protect the Naira, I am disappointed that he (Emefiele) spoke like an uninformed illiterate on a topic he should know more about.

It is absolutely not true that you will be arrested if you try to pay Pound Sterling or Euro into a US bank account. I really can't believe that this guy is the CBN governor! How clueless.

Usually if you try to pay Euro or Pound Sterling into a US bank account, the bank will either refuse it or convert it to US dollars at a rate of their choosing (and with your consent). I have done this before!

Wonders shall never end. Emefiele needs to read or talk to his counterparts abroad so he can learn. I weep for my country.


"You cannot go to the United States where the dollar is spent and try to pay pound sterling into an account, because you will be arrested. Neither can you go into the United States and carry Euros into that economy and tell them to pay it into an account for you; you will be arrested."

Temysteve:
Some ops just like posting rubbish, i told d sneh! dat upload 250 to 1$ dis morning dat he's a blattant liar dat its 209 as @ 03/08/2015
gud enough
d dollar shld keep depreciating

Jackie555:
I used my Sterling Visa to make an ATM withdrawal in Houston and the exchange rate was N239.8. Why are Banks so selfish and greedy?

mavinc4u:
This is suppose to be a good news but seriously it is not. I wonder why people find it difficult to decode what is happening. The official rate is still N199 so what is the fuss. All these rates are only falling at the parallel market where you can buy but cannot deposit into your bank account. Infact the bank card rate has gone up as a result of this. onye di ya si na akwa oria gbakee nwa ya anwuo, onye ahu ogbakeela. (A woman that her husband recuperated from an illness and her son dies, has that woman recovered from shock)? Even the almighty stanbic that was charging the least N199.5 in using bank card has gone up to N207. You guys should try and decode before making noise.

KEEP DREAMING..... WHEN IN YOUR RIGHT MIND WILL DOLLARS BECOME T-PAPER..... OLUKU

IS IT MERELY POLITICIANS THAT MOVE DOLLARS

IF YOU HAVE O DEALING WITH DOLLARS GO TO YOUR VILLAGE AND STOPP WASTING UR TIMEE ONLINE.... DO SOMETHING TANGIBLE WITH LIFE

cabaliciouscabal:
PDP Rouges will be d most disappointed creature in d whole wide world, all d monies dey av embezzled will turn to toilet rolls in dia very eyes, carry go Baba go slow as u ar fondly called by d Wailers, d end will justify d means. We love u PMB. Pls does anybody knows Weda Bode George is still in Nigeria or has gone on exile, as Boasted.

AhmadMind:
[size=18pt]KEEP DREAMING..... WHEN IN YOUR RIGHT MIND WILL DOLLARS BECOME T-PAPER..... OLUKU

IS IT MERELY POLITICIANS THAT MOVE DOLLARS

[b]IF YOU HAVE O DEALING WITH DOLLARS GO TO YOUR VILLAGE AND STOPP WASTING UR TIMEE ONLINE.... DO SOMETHING TANGIBLE WITH LIFE[/b][/size]

bettercreature:
You got screwed i sold it 200naira today so dont doubt it if they say its 209

JustCalMeDBoss:
The only person who should be credited is the CBN govenor but the masturbators masturbate their thought into thinking its the dullard

ozo13:
na wetin me see online be dis o.d thing is still going down or am getting it wrong.

Chinom:
I was really not in the mood to post any comment on NL today, but your choice of words really pissed me off. In your simple, naive and moronic mind, you made a very intelligent statement. In reality, what you posted is complete garbage. Emefiele's use of the word ' Arrested' was just intended to drive home his point to stubborn Nigerians who insist on paying in Dollar into their accounts and withdrawing Dollar whenever they wish despite the fact that our national currency is the NAIRA.
What Nigerian banks are doing now is exactly what obtains in US and Europe. If you bring in your dollars or Euros, the bank will just convert it to Naira and credit your Naira account. If you do not like that, take your dollar to the parallel market, change it to Naira and come and deposit in your Naira account. That is a brilliant decision. It's the only way we can save, as well regain respect for our own currency.
I would like the banks to even go a step further and close all domiciliary accounts in foreign currencies.

Emefiele knows what he's doing. You, my friend, is just a phony dickhead.

bigfrancis21:


In a way, I applaud the initiative taken by Emefiele to have Nigerian banks reject dollar payment into bank accounts. This would create excess supply of dollars in the economy and when there is excess supply over demand for dollars, according to the laws of economics, the price of dollars would fall and suppliers would be willing to sell out their dollars at cheaper prices to the few willing buyers, thus reducing the overall Dollar-Naira exchange rate.

Those harbouring dollars or who moved dollars into the country in hopes to sell them at a high naira exchange rate (N240) to willing buyers will soon find out that the demand for dollars has fallen and may be forced to sell their dollars now at say N209 to $1 before it continues to fall beyond the exchange rate at which they bought it and they incur losses instead.

It is quite a good idea and it has left me wondering why they had not come up with this idea sooner than now.

Antiparticle:
While I'm somewhat indifferent about the tactics that Emefiele and the banking industry employ to protect the Naira, I am disappointed that he (Emefiele) spoke like an uninformed illiterate on a topic he should know more about.

It is absolutely not true that you will be arrested if you try to pay Pound Sterling or Euro into a US bank account. I really can't believe that this guy is the CBN governor! How clueless.

Usually if you try to pay Euro or Pound Sterling into a US bank account, the bank will either refuse it or convert it to US dollars at a rate of their choosing (and with your consent). I have done this before!

Wonders shall never end. Emefiele needs to read or talk to his counterparts abroad so he can learn. I weep for my country.


"You cannot go to the United States where the dollar is spent and try to pay pound sterling into an account, because you will be arrested. Neither can you go into the United States and carry Euros into that economy and tell them to pay it into an account for you; you will be arrested."

vicadex07:
was he not the one that initiated the freefall by destroying our economy in the first place. The Naira started dwindling during his regime due to the countries over dependence on petroleum products alone as our major foreign exchange earner.

Had he put economic cushions in place, the naira wouldnt have experience a freefall as a result in the reduction or oil prices per barrel worldwide.

Chinom:
[[s]quote author=Antiparticle post=36575165]While I'm somewhat indifferent about the tactics that Emefiele and the banking industry employ to protect the Naira, I am disappointed that he (Emefiele) spoke like an uninformed illiterate on a topic he should know more about.

It is absolutely not true that you will be arrested if you try to pay Pound Sterling or Euro into a US bank account. I really can't believe that this guy is the CBN governor! How clueless.

Usually if you try to pay Euro or Pound Sterling into a US bank account, the bank will either refuse it or convert it to US dollars at a rate of their choosing (and with your consent). I have done this before!

Wonders shall never end. Emefiele needs to read or talk to his counterparts abroad so he can learn. I weep for my country.

[/s]


I was really not in the mood to post any comment on NL today, but your choice of words really pissed me off. In your simple, naive and moronic mind, you made a very intelligent statement. In reality, what you posted is complete garbage. Emefiele's use of the word ' Arrested' was just intended to drive home his point to stubborn Nigerians who insist on paying in Dollar into their accounts and withdrawing Dollar whenever they wish despite the fact that our national currency is the NAIRA.
What Nigerian banks are doing now is exactly what obtains in US and Europe. If you bring in your dollars or Euros, the bank will just convert it to Naira and credit your Naira account. If you do not like that, take your dollar to the parallel market, change it to Naira and come and deposit in your Naira account. That is a brilliant decision. It's the only way we can save, as well regain respect for our own currency.
I would like the banks to even go a step further and close all domiciliary accounts in foreign currencies.

Emefiele knows what he's doing. You, my friend, is just a phony dickhead.

Chinom:




Wire transfers in Dollar will be converted into Naira and paid into those company's account. Face value of checks will also be cashed in Naira. Only the CBN should hold foreign currencies on behalf of money deposit banks.
You can't even hold an Euro dominated account in Great Britain despite it being a member of the EU. So why should we allow people to operate Dollar, Euro and Sterling accounts in Nigeria. We are killing our currency.

AskProf:


Read through again, the CBN Governor said it wasn't his decision but, he supports it.

Chinom:




Wire transfers in Dollar will be converted into Naira and paid into those company's account. Face value of checks will also be cashed in Naira. Only the CBN should hold foreign currencies on behalf of money deposit banks.
You can't even hold an Euro dominated account in Great Britain despite it being a member of the EU. So why should we allow people to operate Dollar, Euro and Sterling accounts in Nigeria. We are killing our currency.

SangoCrusader:
Please tell them o. All these people rejoicing, this is a temporary fix and the naira will certainly fall again. All Emefiele has succeeded in doing is putting lipstick on a pig...

Faraidi:
shut ur dirty mouth idiot,do u know the so called refinery was started durning his time? How did he distroyed the ecomony? Dollar was very low durning his time even the 209 he left it was the highest. Conpare to now!

SangoCrusader:
"Close all domicillary accounts..." it is obvious that you are broke and most likely uneducated. Person wey get $£€ for account no fit yan like vulcanizer...

2sex:
bros na me ooo. no vex. na wetin i see i post abi na me get newspaper ni? I have stopped buy things cos of this exchange rate. I am a PMB supporter to the core.... my only problem with him now is the area of appointments which constitute majorly Northerner .