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CBN To Announce New Currency Policy Tomorrow (June15) - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN To Announce New Currency Policy Tomorrow (June15) (29445 Views)

Senate Wants CBN To Convert Lower Naira Notes Into Coins / CBN To Sell Dollars To Pilgrims For 197 / Expose: Currency Policy, How CBN, Banks & APC Cheat Nigerians by Joel3 (2) (3) (4)

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Re: CBN To Announce New Currency Policy Tomorrow (June15) by Princepoint(m): 10:06am On Jun 15, 2016
Awaiting upadates..........

1 Like

Re: CBN To Announce New Currency Policy Tomorrow (June15) by Princepoint(m): 10:07am On Jun 15, 2016
Awaiting updates..........
Re: CBN To Announce New Currency Policy Tomorrow (June15) by dikeigbo2(m): 10:12am On Jun 15, 2016
lifezone247:

I even cross leg join bro.

With my hand fan and unchilled kunu grin

2 Likes 1 Share

Re: CBN To Announce New Currency Policy Tomorrow (June15) by 2sexycom(m): 10:25am On Jun 15, 2016
henryobinna:


Actually, this won't reduce the price of dollar rather it'll increase the amount of naira per dollar businesses who recieve dollar payment are paid. for example if you recieve 100$ to your account you'd be paid 19,900 at least at the moment where as you'd be charged 340+ to a dollar when paying for the same 100$ bringing it to 3400+ for a dollar.

But when this policy is implemented you'd no more be paid 19900 for 100$ rather 28000 if the new rate is 280
and when you want to pay for something online? What rate would it be?

1 Like

Re: CBN To Announce New Currency Policy Tomorrow (June15) by nonjebose(m): 10:26am On Jun 15, 2016
Devaluation of the national currency has never been popular with the masses of most countries. It usually comes as last resort
Re: CBN To Announce New Currency Policy Tomorrow (June15) by Deepfreezer(m): 10:30am On Jun 15, 2016
Dollar one used to buy for 165naira - $1 with abeg on the streets. Just like yesterday 2014/2015 .

1 Like

Re: CBN To Announce New Currency Policy Tomorrow (June15) by Abdullnimo(m): 11:23am On Jun 15, 2016
undecidedbros negetiv
chimah3:
Nonsense!!!

E no go ever pass policy wey go affect us negatively!!!

They should stop announcing biko!!

Every announcement in this APC government has only brought sorrow!!! undecided
negetively or positively
Re: CBN To Announce New Currency Policy Tomorrow (June15) by Barezzi(m): 12:18pm On Jun 15, 2016
Any updates?
Re: CBN To Announce New Currency Policy Tomorrow (June15) by grandstar(m): 12:30pm On Jun 15, 2016
greatiyk4u:
This will put an end to dollar palava just like we experienced in fuel issue

I admire your unsentimental statement. 10000 likes

2 Likes

Re: CBN To Announce New Currency Policy Tomorrow (June15) by bigtt76(f): 12:54pm On Jun 15, 2016
He has nothing to say naaaaa #UselessCBN

Princepoint:
Awaiting updates..........
Re: CBN To Announce New Currency Policy Tomorrow (June15) by Nobody: 1:02pm On Jun 15, 2016
Whoever puts trust in Emefiele’s flexible exchange rate today, is a gambler

2 Likes

Re: CBN To Announce New Currency Policy Tomorrow (June15) by henryobinna(m): 1:26pm On Jun 15, 2016
2sexycom:
and when you want to pay for something online? What rate would it be?

currently its 340+(depending on bank) when this change comes I don't know what it'll be.
Re: CBN To Announce New Currency Policy Tomorrow (June15) by 2sexycom(m): 1:40pm On Jun 15, 2016
henryobinna:
currently its 340+(depending on bank) when this change comes I don't know what it'll be.
grin grin grin grin grin grin grin grin cheesy cheesy cheesy cheesy cheesy wink wink wink smiley smiley smiley smiley smiley no b small thing ooo.
Re: CBN To Announce New Currency Policy Tomorrow (June15) by Nobody: 2:14pm On Jun 15, 2016
dikeigbo2:


With my hand fan and unchilled kunu grin
You nor get light? That kunu go sour o. Let me help you with ice block but we go share the kunu 50:50.
Re: CBN To Announce New Currency Policy Tomorrow (June15) by chimah3(m): 5:03pm On Jun 15, 2016
henryobinna:
bro, it seems you don't get it.

For the past 6months to 1year we've always been paying double for a dollar.

I do some form of online biz, when I pay for dollars I'll pay double but when I'm paid I'll be paid a meager 199 per dollar.

That is about to change. Businesses have been suffering it since that's the reason some goods also got price increase.

You don't get it too!

I buy dollar at 199 at the bank with my visa when I want to travel.

But they will only give u a tiny 4000 dollars.

CBN have put so much restriction that accessing this dollars have become impossible.

That what's gives the black market the leverage to inflate the prices to whatever rate the feel like

Because people must do business they are willing to purchase the dollar at any rate.

That's why there's parallel rate n bank exchange rate
Re: CBN To Announce New Currency Policy Tomorrow (June15) by dikeigbo2(m): 5:05pm On Jun 15, 2016
CeenoEvu:

You nor get light? That kunu go sour o. Let me help you with ice block but we go share the kunu 50:50.



With all pleasure, grin
Re: CBN To Announce New Currency Policy Tomorrow (June15) by obynwanyioma(f): 5:07pm On Jun 15, 2016
Re: CBN To Announce New Currency Policy Tomorrow (June15) by henryobinna(m): 6:40pm On Jun 15, 2016
2sexycom:
grin grin grin grin grin grin grin grin cheesy cheesy cheesy cheesy cheesy wink wink wink smiley smiley smiley smiley smiley no b small thing ooo.
i tell you bro
Re: CBN To Announce New Currency Policy Tomorrow (June15) by Ishilove: 7:43pm On Jun 15, 2016
Sprintson:


OND in Unilag ke? Jeeesu!!! grin

OND in Unilag ke? Jeeesu!!!
Boda, o ma ya mi l'enu ke shocked
Re: CBN To Announce New Currency Policy Tomorrow (June15) by stephinnoyewole(m): 8:05pm On Jun 15, 2016
sLentlover7778:
The solution to Nigeria palava na C.B.N (Comot Buhari Now)
grin grin

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