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Nairaland Forum / Nairaland / General / Business / CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" (41291 Views)
CBN Introduces BVN Lite For Minimal Financial Transactions / CBN Introduces New FX Rate For Bdcs / CBN Introduces New Charges On Bank Deposits And Withdrawals (2) (3) (4)
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Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by gqboyy(m): 11:11am On Mar 27, 2017 |
good |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by temmyz16(m): 11:11am On Mar 27, 2017 |
Thanks to the policy of the vp |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by Nobody: 11:11am On Mar 27, 2017 |
We still dey wait make e reach 150. |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by pat077: 11:11am On Mar 27, 2017 |
What about the visibles, how much will they be charged? |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by faladeSM1132(m): 11:11am On Mar 27, 2017 |
You devalue naira at last or what do we call this? |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by Nobody: 11:11am On Mar 27, 2017 |
Still waiting till it gets to 150. |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by naijaboy756: 11:11am On Mar 27, 2017 |
Bari22:no just use Buhari spoil this good news |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by just4kelvin(m): 11:12am On Mar 27, 2017 |
how does this affect the price of goods in the market place? Everything remain same in physical but on paper, things keep changing. Government need to put people in place to monitor things else nothing will change. |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by mployer(m): 11:12am On Mar 27, 2017 |
Livebygrace: Bro, those goods where bought at 500/$ 5 Likes |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by bugativeron: 11:12am On Mar 27, 2017 |
Livebygrace: How? within how many days? What kind of mathematics is that? Is it immediately that traders will go to market or they should reduce their prices immediately even when the goods were bought @ higher dollar rate. Use brain bros 3 Likes |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by amarilo: 11:12am On Mar 27, 2017 |
Livebygrace:So if you buy goods when the rate was 500 which are still in stock you will reduce the price and sell below cost price cus dollar is down.? You are not a good business person. 2 Likes |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by Nonsua30(m): 11:12am On Mar 27, 2017 |
till when? |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by mayoor15(m): 11:12am On Mar 27, 2017 |
Only a fool expect the impact to be felt immediately, it will take a month or two before goods price start coming down, anyways it's a win win situation, expect the naira to appreciate further this week 4 Likes |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by Bern1992(m): 11:14am On Mar 27, 2017 |
wicked traders in the market will never want to bring down the prices of goods. imagine what would av happened if the dollar is still going up. |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by kaz: 11:14am On Mar 27, 2017 |
dollar was #178 when APC take over |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by anigeorge379(m): 11:14am On Mar 27, 2017 |
If dollar don dey 150 make una tell us |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by SEEDORF441(m): 11:15am On Mar 27, 2017 |
rice has less in in my area |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by warrenweste(m): 11:16am On Mar 27, 2017 |
but why will they refuse to sell to BDC? |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by warrenweste(m): 11:16am On Mar 27, 2017 |
. |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by EmyPapis(m): 11:17am On Mar 27, 2017 |
As if u apply for BTA bank will easily give you...rogues everywhere. |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by Bobo419: 11:17am On Mar 27, 2017 |
This is CBN pegging the dollar like they did before. I have no problem with that. What I do have problem with is the banks. The new policy says they should only sell Forex to parents who want to pay school fees abroad, BTAs and PTAs. However, watch shady bank managers selling the Forex to the Bureau de change operators who would bribe them. All in all, this is a welcome development. We Wait to see the impact of this on the parallel market. Please note that the parallel market, at the moment, gives a true reflection of the naira value as against the dollar in Nigeria. We still have a long way to go. |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by Larrykaysail(m): 11:17am On Mar 27, 2017 |
Livebygrace:they will tell u that they bought the goods when dollars was high, so they have to see it high. |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by Mememan: 11:20am On Mar 27, 2017 |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by NosoChic: 11:21am On Mar 27, 2017 |
This is getting interesting, hope this will be sustainable. 2 Likes |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by iluvdonjazzy: 11:21am On Mar 27, 2017 |
good news |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by Nobody: 11:22am On Mar 27, 2017 |
The problem is "Us" not the country wiseguy: 1 Like |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by chyke4(m): 11:22am On Mar 27, 2017 |
CBN shld inject more dollar into circulation, 360 is still very high! can't we have N100 to $1 2 Likes |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by Jammiiee(m): 11:23am On Mar 27, 2017 |
I swear, will u even believe that instead of the prices of commodities to decline proportionally with the dollar, or worst case scenario, maintain status quo. Those retailers are still increasing prices Since there isn't a price control mechanism, those greedy guys are leveraging on the terms recession and dollar U keep hearing stuffs like " oga na recession ". , " oga, dollar don co.oosttuuuu " Livebygrace: |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by martineverest(m): 11:25am On Mar 27, 2017 |
warrenweste:if banks rates are cheaper and dollars are readily available to dem,ppl will patronise banks and it will be easier for CBN to control the rate of dollar exchange until it hits official rate of 306 2 Likes |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by asumo12: 11:25am On Mar 27, 2017 |
Dripy:petrol gan gan self!!! |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by martineverest(m): 11:27am On Mar 27, 2017 |
SEEDORF441:how much is a bag? |
Re: CBN Introduces New FOREX Rates, Dollar Now N360 For "Invisibles" by Tjohnnay: 11:27am On Mar 27, 2017 |
G boys will not be happy about dis news 1 Like |
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