*CENTRAL BANK OF NIGERIA HAVE FINALLY SIGNED THE CURRENCY SWAP DEAL*

*IT'S WORTH READING...*

*IN CASE YOU DON'T UNDERSTAND.*

I know Most of You don't know the meaning of Naira, dollars, yuan swap with China.. And why American government is desperately smoothing the relationship with Nigeria.

Soon you will be buying that techno phone you bought at N80,000 for N12,000.

The Central Bank of Nigeria have finally signed the currency swap deal we have been expecting for the past 2 years into existence with the Chinese government.

The importance of this is that since almost 70% of the goods we import come from China and Asia and 12% America why must we use Dollars to transact with China? from now instead of using dollars at N350 to 1dollar to import those goods, we can now buy Yuan at 47 naira to 1 Yuan and import those stuffs directly.

Instead of buying these goods in dollars in China, we will now buy them in Yuan which is 5times cheaper than dollars.

As usual, another giant stride which Print Media, Electronic Media and Nigerian looters will not report or allow you to understand this victory over supremacy of dollars in our daily lives and economic activities.

Up coming reality is that from tomorrow, try to monitor exchange rate. Some of those guys who hoarded foreign currencies to make gains will off load them in order not to have heart attack over their huge loss arising from the currency swap deal with china.
Dollars and pounds will flood everywhere with no buyers, as the buyers will draw naira from their accounts in banks with presence in China.

Many NIGERIA banks will be seeking to have their representative office in China like first bank who saw into the future and already have office in China.
Inflation will go down drastically because of the price of commodities that will drop.

wow

that's great

The west will still find ways to beat us to aubmission. Nigeria is a small fry to them and they will still control the country through all these militancy everywhere.
Boko Haram is a child birth of the north but used to play politics by the west that's why it's hard to stop it. When wars and insurgency stops,who will then patronize their ammunition industry?
They will give u with one hand and collect with the other.
I just pray other super powers subdue them.

another lie again...

Majority in nigeria have turned to walking ghost do to high cost of commodities.

Watch how the demand for the Chinese Yuan will increase....

If you ask me it's still the same thing... China will still make the billions because we import more than we export...


Check www.360forextrader.com to understand how the financial market works