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What Will The Naira Trade Against The Dollar On June 20, 2016 And Why? - Investment - Nairaland

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What Will The Naira Trade Against The Dollar On June 20, 2016 And Why? by Princek12(m): 10:41pm On Jun 16, 2016
It is no news that the Central Bank of Nigeria has decided to float the Naira, effectively allowing market forces to determine the price of the Naira, rather than the CBN-regulated rate. The Naira will officially begin to trade on Monday June 20, 2016. Before CBN made the announcement, the official market rate was N199 to $1, while the parallel market rate had been fluctuating between N325 to N365 a $1.

Question now is what do you think the naira will trade for against the dollar starting Monday June 20, 2016 and why? Please provide a reason for your answer. Thank you.
Re: What Will The Naira Trade Against The Dollar On June 20, 2016 And Why? by Nobody: 11:14pm On Jun 16, 2016
#30 or may be #1
One thing I know is dat all the naira/ dollar wahala will stop is only when we export more n import less.

Ok

Let the cbn declare 1 dollar to be equal to 1 naira!

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Re: What Will The Naira Trade Against The Dollar On June 20, 2016 And Why? by shevi4mb(m): 6:28am On Jun 17, 2016
Omg, what will be the faith of CFA dat has been feeling fly for these past months grin grin
Re: What Will The Naira Trade Against The Dollar On June 20, 2016 And Why? by Horus(m): 12:40am On Jun 18, 2016

https://www.youtube.com/watch?v=oLQI6zgdemE

[size=14pt]CBN Floats The Naira[/size]

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