Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,759 members, 7,955,888 topics. Date: Sunday, 22 September 2024 at 05:55 PM |
Nairaland Forum / Nairaland / General / Investment / How Does He Overcome This FOREX Policy? (475 Views)
Make Over 100% Profit Monthly Using This Forex Robot. Legit! / New Forex Policy: Stock Market Records Best Global Performance / Your search ends here with this Forex signal signup here lots of pips monthly (2) (3) (4)
(1) (Reply)
How Does He Overcome This FOREX Policy? by tafrica(m): 8:31am On Jan 22, 2016 |
Good day, There is a confusion due to the FOREX policy the country is facing presently. A colleague proposes to borrow some money for a biz from a friend (though not really a closed friend) based in USA with interest to be payed on it. Knowing fully well that he will be paid the Naira equivalent of that amount at the rate of N197-N199/$ at the bank. The concern is that how can he justify such loan when he will have to pay back in dollars at probably N300-N305/$ rate? Is there any way to go about it such that the difference between amount at which dollars is sold and bought will not be much? The loan may not yield any profit from the biz and even turn to debt after the repayment period if the he can't overcome N199 to N305 exchange difference. Thanks. |
(1) (Reply)
Free Trade Signaly.5000 - 7000 Pips Per Month. / Cost Of Building A Standard Textile Industry In Nigeria / Advice Needed
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 10 |