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Nairaland Forum / Nairaland / General / Business / Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig (21947 Views)
Naira Slumps, Exchanges At Over ₦1,500 Against Dollar / Money Supply Jumps To N49 Trillion / Top 10 Weakest Currency In Africa (See List) (2) (3) (4)
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by naijacentric(m): 5:13pm On Jul 31, 2018 |
Opinionated:why is dere still hunger in d land? 1 Like |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by frugal(m): 5:15pm On Jul 31, 2018 |
OBAGADAFFI:Before it gets to this, dollars would have fallen drastically. 1 Like |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by Buffalowings3(m): 5:19pm On Jul 31, 2018 |
Las las Na 100naira when dey spoil am 1 Like |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by atobs4real(m): 5:19pm On Jul 31, 2018 |
Good one. At least things like electronics will get cheaper instead of this dollar wahaala. Americans can't do without China but will only give specification. 1 Like |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by atobs4real(m): 5:22pm On Jul 31, 2018 |
Please let us know the old exchange rate between Nigeria and China 1 Like |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by atobs4real(m): 5:23pm On Jul 31, 2018 |
frugal:Thanks. I pray so. That's what I feel too. 1 Like |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by Horus(m): 5:24pm On Jul 31, 2018 |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by Nobody: 5:24pm On Jul 31, 2018 |
OBAGADAFFI:before this week runz out it will get to 300 naira to a yuan. Is it not nigeria again? 1 Like
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Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by Nobody: 5:25pm On Jul 31, 2018 |
aolawale025: Sorry, your naira is not a convertible currency and not a major currency, the CBN will settle the Chinese in dollar equivalent, does not make any difference. 4 Likes 1 Share |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by Nobody: 5:25pm On Jul 31, 2018 |
BigSarah:Yes |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by Nobody: 5:26pm On Jul 31, 2018 |
OBAGADAFFI:It will but the price of dollar will crash 1 Like |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by atobs4real(m): 5:29pm On Jul 31, 2018 |
BigSarah:Yas why noy 1 Like |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by Zdoh(m): 5:29pm On Jul 31, 2018 |
It is well chwck my signature for contact to exchange your ecurrency instantly to Naira |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by OyiboOyibo(m): 5:34pm On Jul 31, 2018 |
super stories to deceive the masses 2 Likes |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by Neutrality: 5:44pm On Jul 31, 2018 |
flyca:Try appreciate someone's efforts 4 a while 7 Likes 1 Share |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by erico2k2(m): 5:46pm On Jul 31, 2018 |
Neutrality:what was the effort?? 1 Like |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by flyca: 5:46pm On Jul 31, 2018 |
Neutrality:You are crazy! So this is what you can type after all my explanation? Effort? Effort? How much effort did he put to push naira up from 33 to 57 in a space of 3 months? Get lost! 1 Like |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by nextstep(m): 5:46pm On Jul 31, 2018 |
Opinionated: For what? ... why is this an achievement? To increase the ease of importation? How is that an achievement? I'll quote flyca, who said it best: flyca: 2 Likes |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by prinsam30: 5:48pm On Jul 31, 2018 |
flyca: exactly what I'm thinking, I still don't understand this exchange 3 Likes |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by rusher14: 5:55pm On Jul 31, 2018 |
Jonathan's project. |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by rusher14: 5:56pm On Jul 31, 2018 |
flyca: Maybe you haven't learnt anything in your studies over there. 5 Likes |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by malakasea(m): 6:06pm On Jul 31, 2018 |
OBAGADAFFI:Expect good and you will see good,by the time you expect bad you will see shurly see bad! |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by Lordave: 6:08pm On Jul 31, 2018 |
rusher14:Shut up there! How does this even affect the dollar? Is CBN swapping the Yuan with Naira or with Dollar? Is CBN paying China in Naira or dollar equivalent? This is a total bullshït designed to increase importations from China as a “Thank You” for all the misappropriated loans this government has taken from China. 3 Likes |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by Barzinime(m): 6:14pm On Jul 31, 2018 |
You should stop disgracing yourself on here.. If you were so wise, they should have made you minister of finance na...descendants of hate Lordave: 2 Likes 1 Share |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by boxypane(m): 6:17pm On Jul 31, 2018 |
We need more and better economic policies. 1 ¥=N20 or so in 2015. |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by Icon79(m): 6:23pm On Jul 31, 2018 |
A brain-dead economic policy, as always, by Buhari. Or shall we say Buhari's voodoo economics. According to the report, "the Central Bank of Nigeria signed a bilateral currency swap agreement with the People’s Bank of China (PBoC) worth about $2.5 billion". So how is that gonna be enough? The black market operators and bureau de-changers would soon purchase all the Yuan and hoard them and we would return back to status quo. There's ONLY ONE way to improve the value of your currency: that is by increasing your foreign reserves. Or in a layman's terms: exporting more goods than you import. Anything else is a joke! O pari BigSarah: 4 Likes |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by rusher14: 6:33pm On Jul 31, 2018 |
Lordave: You are a complete ignoramus. Nigeria's largest trade partner is China. In the past, should you need to make Chinese purchases you would have bought the dollar to buy the Yuan. Now, a direct purchase of the yuan means less pressure on the dollar which means closer parity of related currencies. Now go and hawk your gala. 2 Likes |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by malakasea(m): 6:40pm On Jul 31, 2018 |
naijacentric:There are those who are behind it,the same people are also behind those present killing in the nation.My brother let us not allow those people to brainwash our tinking two days ago an agency in the UK have just pointed out those responsible to those killing.Belive me brother this man has the country on his mind he is working for our good,eg look at the capitals projects his is awarding and commissioning,lastly you talk about hunger,most of our people have gon back to farm,befor then this man have gave out billions of naira in the form of bell-out to state governors for the country not experiences such pains but those people squnderd and misuse those fund because of the blody impunity the enjoy.Brother just investigate carefully and arrive at the true,we are in a nation were the rich get richer and poor get poorer everyday. 2 Likes 1 Share |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by Almaiga: 6:42pm On Jul 31, 2018 |
Buhari is working. Sai Baba. 1 Like
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Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by brightleave(m): 6:51pm On Jul 31, 2018 |
Solomonudofia:Na Jonathan start am |
Re: Naira Exchanges At N49-N51 Per Yuan At First Auction Of Chinese Currency In Nig by Gordonz07(m): 6:51pm On Jul 31, 2018 |
Hope we won't make the Yuan stronger soon Before it will be 1000naira to 1 Yuan. |
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