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Re: Difference Between Interbank Rate & Parallel Rate In A Simple English - Business - Nairaland

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Re: Difference Between Interbank Rate & Parallel Rate In A Simple English by odinga1of: 1:17pm On Aug 02, 2017
Dear Nlanders yesterday I saw a Post which says current exchange rate as at 1st August 22017

Thus USD Interbank Rate: 306 and Parallel Rate 365


So which one aboki dey use if u wan change USD


Thanks

cc: Dominique, Seun, Tonyebarcanista, Tosyn2much, Toks2008
Re: Re: Difference Between Interbank Rate & Parallel Rate In A Simple English by dipznano: 1:19pm On Aug 02, 2017
Aboki uses parallel rate, altho' with negotiations according to the dollar bill denomination...
Re: Re: Difference Between Interbank Rate & Parallel Rate In A Simple English by Toks2008(m): 1:30pm On Aug 02, 2017
odinga1of:

Dear Nlanders yesterday I saw a Post which says current exchange rate as at 1st August 22017

Thus USD Interbank Rate: 306 and Parallel Rate 365


So which one aboki dey use if u wan change USD


Thanks

cc: Dominique, Seun, Tonyebarcanista, Tosyn2much, Toks2008

Black market and parallel market are interchangeably used. So when you hear parallel,it usually means black market.

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Re: Re: Difference Between Interbank Rate & Parallel Rate In A Simple English by odinga1of: 1:33pm On Aug 02, 2017
dipznano:
Aboki uses parallel rate, altho' with negotiations according to the dollar bill denomination...

Thanks bro.

1 Like

Re: Re: Difference Between Interbank Rate & Parallel Rate In A Simple English by odinga1of: 1:35pm On Aug 02, 2017
Toks2008:


Black market and parallel market are interchangeably used. So when you hear parallel,it usually means black market.


Baba I believe you for quick response, thanks grin grin grin grin grin grin grin
Re: Re: Difference Between Interbank Rate & Parallel Rate In A Simple English by TonyeBarcanista(m): 2:38pm On Aug 02, 2017
odinga1of:

Dear Nlanders yesterday I saw a Post which says current exchange rate as at 1st August 22017

Thus USD Interbank Rate: 306 and Parallel Rate 365


So which one aboki dey use if u wan change USD


Thanks

cc: Dominique, Seun, Tonyebarcanista, Tosyn2much, Toks2008
Interbank rate... Official rate at the counter

Parallel rate.... Black market rate


Aboki uses parallel rate...
Re: Re: Difference Between Interbank Rate & Parallel Rate In A Simple English by odinga1of: 3:57pm On Aug 02, 2017
TonyeBarcanista:

Interbank rate... Official rate at the counter

Parallel rate.... Black market rate


Aboki uses parallel rate...

Bossu Thanks make I dey wait the USD till he arrive.
Re: Re: Difference Between Interbank Rate & Parallel Rate In A Simple English by Ereolamide: 6:44pm On Aug 07, 2017
TonyeBarcanista:

Interbank rate... Official rate at the counter

Parallel rate.... Black market rate


Aboki uses parallel rate...
Barcanista please when you're online please I need a favor from you.
Please kindly mention me. Thanks
Re: Re: Difference Between Interbank Rate & Parallel Rate In A Simple English by TonyeBarcanista(m): 12:10am On Aug 09, 2017
Ereolamide:

Barcanista please when you're online please I need a favor from you.
Please kindly mention me. Thanks
holla
Re: Re: Difference Between Interbank Rate & Parallel Rate In A Simple English by Ereolamide: 4:41am On Aug 09, 2017
TonyeBarcanista:
holla
Oga tonye, I'm a fan of yours and I've been following your threads, and im impressed by your depth of knowledge, what books have you read about Nigeria politics that you can recommend for someone aspiring to attain such height in local politics.
Re: Re: Difference Between Interbank Rate & Parallel Rate In A Simple English by ezehokwudili(m): 6:14am On Aug 09, 2017
Ereolamide:

Oga tonye, I'm a fan of yours and I've been following your threads, and im impressed by your depth of knowledge, what books have you read about Nigeria politics that you can recommend for someone aspiring to attain such height in local politics.
Re: Re: Difference Between Interbank Rate & Parallel Rate In A Simple English by Profhussy(m): 6:20am On Aug 09, 2017
Fayose doing what he knows hw to do again

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