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Nairaland Forum / Nairaland / General / Business / Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? (36124 Views)
Payoneer ATM Withdrawal. Please Help With Latest Bank Rates / Naira Crashes To 288/dollar At New Official Market / Naira Quoted At 253/$ As Interbank Market Opens (2) (3) (4)
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Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by seunlayi(m): 11:19am On Jun 21, 2016 |
STILL WATCHING 1 Like |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by bobo65(m): 11:19am On Jun 21, 2016 |
Nonsense I just bought dollar now now for 347 from abokiii Gt bank and Zenith near me no get 5 Likes |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by amtaken(f): 11:19am On Jun 21, 2016 |
Only Buhari and his 'American daughter' Aisha. 5 Likes 1 Share |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by damola311: 11:19am On Jun 21, 2016 |
MadCow1:I'm not sure you've even touched a USD before 37 Likes |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by YINKS89(m): 11:21am On Jun 21, 2016 |
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Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by MadCow1: 11:23am On Jun 21, 2016 |
damola311: Wetin Concern USB with Dollars? Abi you wan use USB transfer Dollars? 4 Likes |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by basingstoke: 11:25am On Jun 21, 2016 |
Buhari, Aisha, Zarah are buying at that price. Osinbajo is buying at 280, amaechi and fashola are buyin at 285 Oshiomole and Rochas at 290 Seun Mynd44 and lalasticlala at 290 ZOOMBIES are buying at 500, because they are so stupid, anything is okay with them The rest of us are buying at over 300-320 21 Likes |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by HAH: 11:26am On Jun 21, 2016 |
Let me explain |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by ManTiger(m): 11:27am On Jun 21, 2016 |
This is a very beautiful nonsense. This policy is to get the commercial banks enriched! 1 Like |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by iyke484real(m): 11:28am On Jun 21, 2016 |
Ogetogeo:nobody jare, leave apc with propaganda |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by samjadinero(m): 11:29am On Jun 21, 2016 |
If I want to cash westie, how much banks go change dollar for me? |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by okoloto: 11:32am On Jun 21, 2016 |
NONSENSE POLICY. THIS IS JUST TO ENRICH THE BANKS AND SOME SMART GUYS IN THE BANK. OUR CBN DON'T EVEN KNOW WHAT THEY ARE DOING. CAPITALISM IS ALL ABOUT FREE MARKET. ALLOW THE MARKET TO DETERMINE THE PRICE. WITH THIS ITS ONLY THE CONNECTED THAT HAVE ACCESS AND NOT FOR THOSE THAT REALLY NEED IT FOR IMPORTING WHAT THE ECONOMY REALLY NEEDS. FOR INSTANCE IF YOU ARE AN INVESTOR BRINGING IN YOUR MONEY, YOU GET BANK RATE WHICH IS LOWER AND NOT THE REAL MARKET PRICE BECAUSE YOU MUST TRANSFER THROUGH THE BANK. WHICH INVESTOR WILL LIKE TO LOOSE MONEY EVEN BEFORE HE STARTS DOING BUSINESS. THIS GOVERNMENT IS A TOTAL FAILURE....THEY SHOULD OVERHAUL BOTH THE ECONOMIC TEAM AND THE DECISION MAKING OFFICERS AT CBN 7 Likes |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by erico2k2(m): 11:32am On Jun 21, 2016 |
Infinitikoncept:Dem nor fit |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by erico2k2(m): 11:34am On Jun 21, 2016 |
MadCow1:Oga USD |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by Nobody: 11:36am On Jun 21, 2016 |
stagger:this was the same view I had and expressed when a nairaland dreamer told people to disposed their dollars coz of imminent collapse of the black market chains. As a matter of fact, dz is the best time to buy more forex at the prevailing parallel mkt rates. You are sure of doubling your naira in 6mths. Floating of currency is a good thing in a net exporting nation, not in a country where we dash our forex to China in exchange for all the inferior items dumped all over the country. I wish the people of Nigeria had allow PMB to peg the naira for just 2 to 3 years, then pple will see the untap innovations deposited in the brain of Nigerians. 1st agriculture will pick up. ,importation of foodswill reduce. ..small scale factories will emerge. ...Now the economists have set a trap for Nigerians, the gullible and exploitatives financial institutions will conspired against the masses, welcome to the future value of $1=N450.May God see us through. Amen 8 Likes |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by damola311: 11:36am On Jun 21, 2016 |
MadCow1:lol... so you don't know what USD is? or you are having sight problem? |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by kentuta(m): 11:38am On Jun 21, 2016 |
#Stagger, you did a very good job there...Weldon bro. I have to add this, the banks will sell to manufacturing companies and oil Marketers at a margin of 5 - 10 naira increase from the amount they bought from CBN. But for those seeking to import tooth picks and the rest will have to buy at a wider margin.... That is the reason(s) why they request a letter from you stating what you intend to purchase or import.... Hope this helps 2 Likes 1 Share |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by erico2k2(m): 11:38am On Jun 21, 2016 |
MadCow1:Serious abeg |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by Nobody: 11:43am On Jun 21, 2016 |
I just bought 9500 dollar at the rate of 205 SAI BUHARRRI |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by joey150(m): 11:45am On Jun 21, 2016 |
What are you all using dollars for like on a daily basis?? I wonder!.import and import and import then you scream economy bad.. When you dey enrich other people own. 3 Likes |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by heskeyw(m): 11:47am On Jun 21, 2016 |
basingstoke: Fashola is buying at 890. |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by signz: 11:47am On Jun 21, 2016 |
stagger: I never really understood this until now. I owe you a jar of best unadulterated palm wine. 3 Likes |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by ifyalways(f): 11:50am On Jun 21, 2016 |
Good question @ OP. Short answer : No one. 2 Likes |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by kokobongo: 11:51am On Jun 21, 2016 |
stagger: Nice one. But note. from the results below of the CBN SPECIAL SECONDARY MARKET INTERVENTION SALES The USDNGN official rate effectively becomes N280/$. however, these monies where used to clear only the back log of pending transactions. also, note that. The CBN regulates strictly the spreads/margins in which these FXPD can make so i dont think any bank will sell above NGN300/USD1. it will still take about 1 week or more before we can ascertain the real value and at what rate the banks will be selling. i for sure know the difference cannot be more than 10 naira from the interbank market rate CBN INTERBANK INTERVENTION RESULT 1 AMOUNT SOLD = US$532,867,169.11 2 HIGHEST RATE= NGN382.00/US$ 3 LOWEST RATE= NGN197.00/US$ 4 MARGINAL RATE= NGN280.00/US$ 5 NO. OF BANKS= 21 4 Likes |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by dikeigbo2(m): 11:51am On Jun 21, 2016 |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by emi14: 11:52am On Jun 21, 2016 |
Monitory logics and policies have exhausted it's validity in Nigerian financial markets. Please contact any mallam or Alhaji of your choice to know the actual forex trading and rates. I bought at $349 on Saturday 18th and travelled Sunday 19th. Our leaders are not reliable. Dollar is selling for 340 to $1 at domestic airport Ikeja today. 1 Like |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by ifyalways(f): 11:53am On Jun 21, 2016 |
bobo65: GT sells @ 332. I bought 2000 this morning at that rate, an hour ago. |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by Jollymich(m): 11:53am On Jun 21, 2016 |
Bitter truth but its better to be sure |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by ifyalways(f): 11:54am On Jun 21, 2016 |
bulldoza:Which bank or mallam? I think some folks here are mere jokers. |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by udy4real(m): 11:55am On Jun 21, 2016 |
bobo65: Why dint u buY from me @ 350? |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by ottersberger(m): 11:56am On Jun 21, 2016 |
solid3: Not really. You see, until now, the treasury has hitherto subsidised the dollar at our collective detriment. Setting an artificial rate of ₦196 to the greenback, while the banks, BDC's and every mallam and his cousin on the streets sell at ₦300+, means that you and I as the common citizens were losing out on whatever the spread is between that ₦196 and the 300+. The benefactors have been these same Banks, the BDC's, and all the usual long legged culprits who have access to CBN and can acces these funds at the afformentioned fixed rate. With this policy, Naira will be where it deserves to be, and we the people will save on the money we gift to those who already have too much. If we are lucky, a number of schools, hospitals, Bridges or roads might say hello to us as a result. 4 Likes 1 Share |
Re: Who Has Been Able To Buy Dollar At The Inter Bank Rates Of 253-260 Today? by Willas04: 11:56am On Jun 21, 2016 |
@Staggar and other financial experts here, can one buy dollar cash from the banks? If yes, what if one buys it and goes to resell them on the black market and make some profit out of it? |
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