lancee:



Thanks , i used naira card on foreign ATM it last week , was 191 naira to dollar

Not tried this week

Meringe:

Using my atm card in Turkey ,what will the atm dispense? Dollar or Turkish currency?

gmaribel:
And the Naira keeps dropping

Meringe:

Using my atm card in Turkey ,what will the atm dispense? Dollar or Turkish currency?

Meringe:

Using my atm card in Turkey ,what will the atm dispense? Dollar or Turkish currency?

carpenter:
I can also confirm that I was in 2 different GTbanks and they claimed they didn't have dollars.

Sincerely, it is frustrating since it is money saved with them.

Am not a happy customer but I have decided to keep it cool for now.

sholatech:

unlike your naira account, the bank is not obliged to get you USD cash in your acct anytime you need it. The Cbn rule is 'subject to availability'.

carpenter:


That's interesting...didn't know that.

I guess I will have to take a decision eventually...change to another bank within or outside the country. Although, they were nice about it ...just that i wasn't in the mood as i needed the money badly.

Dandy1:
dollar is 198 naira today,19/2/2015

coderXO:
Anybody been able to get USD from the bank? 2 days straight I've not been able to withdraw with claims "they don't have."

GTB is the bank in question.

arbitrage:


Is it for the bank to sell to you or you mean the one you kept in your domiciliary account? Is it acceptable for you to save dollar into your Dom and then the bank gives excuse of unavailability? I thought they must look for by all means since it is your saved money you are withdrawing and not purchasing with naira by CBN form A or trying to get BTA/PTA.

angelinvestor:
I have not been able to withdraw dollars from my GTB dorm account since December 2014. They keep telling me they don't have dollars; thus forcing me to sell to them for 181/$1 while the black market sales would have fetched me 210/$1. This is pure daylight robbery.

Fhemmmy:


Chairman, i am sure the black market will soon even go up now cos i read today that official CBN rate is now 197N/1$ . . .so sad.

angelinvestor:
Boss, i heard the news today but the problem is: How do we benefit from this increment when the bank has refused to release our dollars?? If we change at the official bank rate of $1/197, we will still be shortchanged like N10 because the black market will be trading at nothing less than $1/213 depending on demand and supply. This bank wan spoil business for me o.

angelinvestor:
Boss, i heard the news today but the problem is: How do we benefit from this increment when the bank has refused to release our dollars?? If we change at the official bank rate of $1/197, we will still be shortchanged like N10 because the black market will be trading at nothing less than $1/213 depending on demand and supply. This bank wan spoil business for me o.

angelinvestor:
Boss, i heard the news today but the problem is: How do we benefit from this increment when the bank has refused to release our dollars?? If we change at the official bank rate of $1/197, we will still be shortchanged like N10 because the black market will be trading at nothing less than $1/213 depending on demand and supply. This bank wan spoil business for me o.

geniusbami:
U know my suggestion? If U want to avoid the bank, deposit into your Live Forex Account and don't trade with it. Just before the end of May it is envisaged that a Dollar might exchange for up to ₦280. By the time U want to withdraw U'll have it straight into ur Naira account at the prevailing (higher) rate. I did that when the exchange rate was ₦204/$. Today now a $ is ₦212 at the parallel market.

geniusbami:
U know my suggestion? If U want to avoid the bank, deposit into your Live Forex Account and don't trade with it. Just before the end of May it is envisaged that a Dollar might exchange for up to ₦280. By the time U want to withdraw U'll have it straight into ur Naira account at the prevailing (higher) rate. I did that when the exchange rate was ₦204/$. Today now a $ is ₦212 at the parallel market.

IyawoToBe:


And how did you arrive at that forecast?

coderXO:
CBN does not know what they are doing. To make Naira strong, the need to call their reserves and make $$$ readily available within the economy.
They are doing the opposite, they cancelled $$$ auctions instead.
Good help us all.
Disaster looms.

Belewu:


I guess the option of draining our reserves to defend the Nairasounds more sensible to you? Do you know the damage to our credit rating, ability to service our debts and even protect this country if needed?
We do not need $$$ readily available in the economy. Wedo not spend $$ in Nigeria. Whatthe government needs to do is assist our local industries to reduce our reliance on imported products

Belewu:


I guess the option of draining our reserves to defend the Nairasounds more sensible to you? Do you know the damage to our credit rating, ability to service our debts and even protect this country if needed?
We do not need $$$ readily available in the economy. Wedo not spend $$ in Nigeria. Whatthe government needs to do is assist our local industries to reduce our reliance on imported products

youngalex:
If you want to sell dollars in your dorm. Account is simple,get a bdc operator negotiate with him,transfer your dollar to his dorm account let him deposit the naira equivalent to your current account at the prevailing exchange rate,thos guys in the bank are making big money by trading off your dollars with BDC operators