zombieHUNTER:
God abeg oo

yesterday i saw bundles of fresh 1000k notes..

help the naira

Ddworld:


What an idiot. Trust me. USD will become #1000 before the year ends. Can't you ask why people go to BDC? Why not the bank? The little people with dollar, you are frustrating them. You will be shocked when there is no more USD in circulation. You will beg to buy #2,000.

Wait and see

BleedTears:

That he is a security personnel doesn't mean he has zero knowledge of other matters.

Someone who understands the basics of economics and on his position on financial crime can easily analyze the situation on ground regarding naira to dollars exchange rate. You don't need to go to Harvard to understand it.

ibrahimabba7:

https://dailytrust.com/naira-redesign-dollar-may-crash-to-n200-efcc-chairman

hapsattaddawus:
Dollar crash, has nothing, absolutely nothing to do with naira redesign.
It has to do with the US policy to check the stock pile of dollars in Africa. Especially Nigeria and South Africa
Stop deceiving yourself.

abdulwasiubar:
The fact that a platform was given to a security expert to discuss economics is beyond my comprehension. If wishes were horses, the CBN governor will be the first to hop on �

obedience4:
Jezzz, even a ss1 economists student knows that's the dollar crashing against the naira has nothing to do with redesign..
The USA effected a policy change to curtain the amounts of dollars in Africa.
This efcc boss who knows nothing about economics is spilling rubbish

hapsattaddawus:
Dollar crash, has nothing, absolutely nothing to do with naira redesign.
It has to do with the US policy to check the stock pile of dollars in Africa. Especially Nigeria and South Africa
Stop deceiving yourself.

Ddworld:


What an idiot. Trust me. USD will become #1000 before the year ends. Can't you ask why people go to BDC? Why not the bank? The little people with dollar, you are frustrating them. You will be shocked when there is no more USD in circulation. You will beg to buy #2,000.

Wait and see

Eriokanmi:
After reading some people's comments , I just dey laff. They don't seem to know the fact that the CBN knew what it was doing all along. They deliberately mopped up forex from banks , stopped disbursement of fx to bdcs expecially usd, reduced the SMEs wholesale and SMEs retail disbursement windows.

Now, they'd reverse their policies and dollars would lose value against naira considerably. He who has ears,.let him hear. EFCC is also working in conjunction with the CBN so, the guy could be right but I doubt the 200 naira he quoted and i guess he knew it, which was why he said may. 465 or 500 is likely cos we were at that level early this year before the artificial scarcity was introduced by the cbn..

Alexbio:
Sure currency redesign is part of devaluation of currency value esp. during inflation in a country. This is one of the best mechanisms the Apex bank use to encourage local investors in order to make foreign patronage expensive. Although, I don't see dollar falling to this extent as mentioned by the OP. because it can't never happen by way of the statistics at hand except miracle. I'm an Economist by the way

LagosInter:


Do you think dollar will still rise?

If yes, why pls?

SmartyPants:


As if you read my mind. Oga should focus on doing his security work of which he is doing a good job. Leave economics for economists sir.

Kobonaire234:
The guy is being too optimistic.

Want naira at N200, or less to one measly dollar? Yes, that's right...earn more dollars.

Naira redesign is an unorthodox way of strengthening the naira and dealing with inflation. But the fact that I am calling it unorthodox shows that it isn't the best measure....and by the time the redesign surprise is over...we would be back to square one.

Like Ghana that knocked off two zeros from its cedis. On the surface, looks good, in reality...lipstick on a pig. Ghana like Nigeria is not earning enough dollars...and thus here we are.

PoliteActivist:


You spoke too soon
Dollar has gone back to above 800 again

PoliteActivist:


It has already. Back above 800

LagosInter:


Do you think dollar will still rise?

If yes, why pls?

BennyDGreat:


Some will end up in neighbouring countries

hapsattaddawus:
Dollar crash, has nothing, absolutely nothing to do with naira redesign.
It has to do with the US policy to check the stock pile of dollars in Africa. Especially Nigeria and South Africa
Stop deceiving yourself.

Freethinker87:
Just look at the kind of brains we have at the helm of affairs in this country.

ibrahimabba7:

https://dailytrust.com/naira-redesign-dollar-may-crash-to-n200-efcc-chairman

BluntCrazeMan:
Please is there a way I can get hold of this CBN law?
Is there any link to download it?

I'm happy that redesigning has a stipulated timeline..
Eight-Years to Ten-Years-Maximum is very good.