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Nairaland Forum / Nairaland / General / Business / CBN Halts Branch Operations By Bureaux De Change #Emefieleconomics (39332 Views)
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Re: CBN Halts Branch Operations By Bureaux De Change #Emefieleconomics by 22logos: 10:29am On Dec 15, 2015 |
when will dollar fall [size=16pt] Need a Good company logo today? |
Re: CBN Halts Branch Operations By Bureaux De Change #Emefieleconomics by repogirl(f): 10:31am On Dec 15, 2015 |
tiar:guy, wish I could dash you ten thousand dollars for this on point analysis. You have said it all. 1 Like |
Re: CBN Halts Branch Operations By Bureaux De Change #Emefieleconomics by Nobody: 10:46am On Dec 15, 2015 |
MKO4ever: What I would really like to know is what CBN has done so far to banks that indulge in round tripping. Its one thing to talk about BDC. But what about the banks that would interchange between the bank rates and parallel when its suits them |
Re: CBN Halts Branch Operations By Bureaux De Change #Emefieleconomics by piagetskinner(m): 12:56pm On Dec 15, 2015 |
The Cbn Is confused |
Re: CBN Halts Branch Operations By Bureaux De Change #Emefieleconomics by Hakagure: 3:33pm On Dec 15, 2015 |
My guy, keep propping it up na. Not only will you inevitably have no choice eventually, but the extended damage from holding off the inevitable can lead to much steeper levels of recession and loss of access to capital markets. Talking about inflation will wreck the country, biko what levels of inflation and what level of wreckage, look around you. What does it look like is happening now? A million jobs lost this year is not wreckage to you? N220 - N260 is not inflation to you? If its not too hard for you to follow let me help you do the math.. 16 % inflation in a year. Thats extreme in case you were not aware. Here is some psychoanalyzing for your pain. http://www.crawlingroad.com/blog/2010/11/15/five-stages-of-inflation/ Go ahead, click it... read. see what stage you are in. Then give your self brain. Does it look like they can hold the line, the market is saying if you let it float it will be N 260 . Or do you not realize that the black market price is the real price or is your elementary (or is it high school) economics that is disturbing your thinking. Na you get mouth wey you dey talk, you know wetin dey cross my mind? If you wan debate my point debate my point, if you want flame me lets take it there. Mtchew.. mbulela: 3 Likes |
Re: CBN Halts Branch Operations By Bureaux De Change #Emefieleconomics by babestella: 6:29pm On Dec 15, 2015 |
Togo's economy will be better than ours by 2019. We have a du.lla.rd in power and a dunce driving economic policies. 1 Like |
Re: CBN Halts Branch Operations By Bureaux De Change #Emefieleconomics by Harwoyeez(m): 7:22am On Dec 18, 2015 |
kaboninc:Pls read and see the justification about cancellation of weekly auction I said which u laughed at. CBN is cancelling it anytime from now www.vanguardngr.com/2015/12/panicky-policy-measures-intensify-on-foreign-exchange-market/ |
Re: CBN Halts Branch Operations By Bureaux De Change #Emefieleconomics by Harwoyeez(m): 7:25am On Dec 18, 2015 |
1freshdude:CBN canceling dutch auction anytime from now which I said but u laughed at, pls read n lemme know ur what u have to say www.vanguardngr.com/2015/12/panicky-policy-measures-intensify-on-foreign-exchange-market/ |
Re: CBN Halts Branch Operations By Bureaux De Change #Emefieleconomics by 1freshdude: 9:29am On Dec 18, 2015 |
Harwoyeez: Good morning bros, I still do not see your point. Why dont the CBN cancel the auction system immediately having realized that it is the problem? These are the salient issues from that article. Meanwhile, the Managing Director/Chief Executive Officer has this to say “First it is a supply issue, and second, it is a function of the productive capacity of the country'' Since the introduction of Whole Sale Dutch Auction System (WDAS) on February 20, 2006, the liberalized Foreign Exchange Market witnessed unprecedented stability most of which include the following: Unification of exchange rates between the Official and Inter-bank Markets and resolution of the multiple currency problems. Facilitation of greater market determination of exchange rates for the Naira vis-�-vis other currencies http://www.cenbank.org/IntOps |
Re: CBN Halts Branch Operations By Bureaux De Change #Emefieleconomics by Harwoyeez(m): 9:58am On Dec 18, 2015 |
1freshdude:U know how tinz works in Naija that remedies r not made until things get worse or out of hand so its better late than never after wic market forces shd be allowed to regulate d official forex rate and also wit govt spending, things wil tend to regularize a bit |
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