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Nairaland Forum / Nairaland / General / Business / Naira Crashes To All Time Low, Trades For N409/$ On Black Market IU (817 Views)
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Naira Crashes To All Time Low, Trades For N409/$ On Black Market IU by chi4ik4(m): 8:53pm On Aug 25, 2016 |
BDC operators believe the ban on
transaction of forex has put pressure on the
black market
– The crash may continue until the ban on
the nine commercial banks is reversed by
the CBN
For the first time ever, Nigeria’s currency
crashed to N409/dollar on the black market,
a situation which puts forex dealers in a
tight corner.
This fall of the naira is coming shortly after
the suspension of some banks from the
foreign exchange market, thereby making
the American legal tender more difficult to
get. Source: Naij.com |
Re: Naira Crashes To All Time Low, Trades For N409/$ On Black Market IU by Doghari: 8:58pm On Aug 25, 2016 |
The Intelligence quotient of doghari is directly proportional to the weakness of the naira. Good news to those of us who saw this coming and converted our naira (a currency built on the blood of biafrans during the war) into Dollars. 3 Likes |
Re: Naira Crashes To All Time Low, Trades For N409/$ On Black Market IU by reptile1: 9:06pm On Aug 25, 2016 |
That giraffe neck named buhari has no solution to issues affecting this country. Next time they shud vote an illiterate to power. This is just the beginning of real naira collapse. mad electorates, mad president. 2 Likes |
Re: Naira Crashes To All Time Low, Trades For N409/$ On Black Market IU by Fight2Finish: 9:19pm On Aug 25, 2016 |
chi4ik4:This is where we need Afonjas and Almajiris but they are dancing unclad at IPOB threads, what a gullible people, I spit!!!! 2 Likes |
Re: Naira Crashes To All Time Low, Trades For N409/$ On Black Market IU by Thewrath(m): 9:41pm On Aug 25, 2016 |
Fight2Finish:very easy to decieve the SW,how?...just a plate of ewedu. 3 Likes |
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