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Naira Appreciates To N345/$ As Bdcs Kick Against Devaluation. - Business - Nairaland

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Naira Appreciates To N345/$ As Bdcs Kick Against Devaluation. by doctokwus: 5:53pm On Feb 23, 2016
Naira Tuesday further appreciated to N345 per dollar in the parallel market.
http://www.vanguardngr.com/2016/02/naira-appreciates-to-n345-as-bdcs-kick-against-devaluation
Re: Naira Appreciates To N345/$ As Bdcs Kick Against Devaluation. by HiddenShadow: 5:55pm On Feb 23, 2016
Before Nigerians rejoice, find out what is crashing it.
Hope it is not the last reserve they are using to defend the naira
Re: Naira Appreciates To N345/$ As Bdcs Kick Against Devaluation. by PentiumPro(f): 5:57pm On Feb 23, 2016
HiddenShadow:
Before Nigerians rejoice, find out what is crashing it.
Hope it is not the last reserve they are using to defend the naira
You are obviously a sadist that rejoices at the crashing Naira.
Why not ask the CBN, or you don't know how to use the FOI act?

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Re: Naira Appreciates To N345/$ As Bdcs Kick Against Devaluation. by HiddenShadow: 5:58pm On Feb 23, 2016
PentiumPro:

You are obviously a sadist that rejoices at the crashing Naira.
Why not ask the CBN, or you don't know how to use the FOI act?

Why do you rejoice when you have not used the FOI act to your advantage
Re: Naira Appreciates To N345/$ As Bdcs Kick Against Devaluation. by mentorandfriend(m): 5:58pm On Feb 23, 2016
In the words of Phil Collins;

'We wait, and we wonder.'
Re: Naira Appreciates To N345/$ As Bdcs Kick Against Devaluation. by Eshinwaju: 5:59pm On Feb 23, 2016
HiddenShadow:
Before Nigerians rejoice, find out what is crashing it.
Hope it is not the last reserve they are using to defend the naira

What does it profit you to wish evil on innocent people

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Re: Naira Appreciates To N345/$ As Bdcs Kick Against Devaluation. by doctokwus: 6:00pm On Feb 23, 2016
HiddenShadow:
Before Nigerians rejoice, find out what is crashing it.
Hope it is not the last reserve they are using to defend the naira
The crash of the naira to 400 was purely due to speculation.
Some people and businesses were hoarding their dollars believing the cbn wud devaluate,so that they cud make a kill.Since the govt and cbn have said a categorical no to devaluation ,people are releasing their dollars,simple.
No one is saying 199 is the correct rate, but 400 was 100% speculation.
The realistic,market determined rate is around 250.

1 Like

Re: Naira Appreciates To N345/$ As Bdcs Kick Against Devaluation. by HiddenShadow: 6:01pm On Feb 23, 2016
Eshinwaju:


What does it profit you to wish evil on innocent people

Verification is now evil.
Re: Naira Appreciates To N345/$ As Bdcs Kick Against Devaluation. by Eshinwaju: 6:02pm On Feb 23, 2016
HiddenShadow:


Verification is now evil.

Not at evil....only the iPod type is.. angry
Re: Naira Appreciates To N345/$ As Bdcs Kick Against Devaluation. by doctokwus: 6:04pm On Feb 23, 2016
HiddenShadow:
Before Nigerians rejoice, find out what is crashing it.
Hope it is not the last reserve they are using to defend the naira
doctokwus:

The crash of the naira to 400 was purely due to speculation.
Some people and businesses were hoarding their dollars believing the cbn wud devaluate,so that they cud make a kill.Since the govt and cbn have said a categorical no to devaluation ,people are releasing their dollars,simple.
No one is saying 199 is the correct rate, but 400 was 100% speculation.
The realistic,market determined rate is around 250.
Re: Naira Appreciates To N345/$ As Bdcs Kick Against Devaluation. by citizenjuwon(m): 6:22pm On Feb 23, 2016
If you want to be taken seriously, just be consistent.
That's the case of PMB's resilience in the event of the threat and pressure from economic vampires shouting devaluation.
Re: Naira Appreciates To N345/$ As Bdcs Kick Against Devaluation. by doctokwus: 6:23pm On Feb 23, 2016
citizenjuwon:
If you want to be taken seriously, just be consistent.
That's the case of PMB's resilience in the event of the threat and pressure from economic vampires shouting devaluation.
So true.
The naira may continue being unstable but devaluation wud completely destroy our economy.

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