The Naira Note Is Now In More Demand Than The Dollar: Any Implications On Forex? - Politics - Nairaland
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| The Naira Note Is Now In More Demand Than The Dollar: Any Implications On Forex? by copyrites: 11:04am On Jan 29, 2023 |
Will the artificial scarcity of the Naira make any difference in the value of the Naira in the short- and long-run? Is the current demand for Naira different from the demand for Naira notes? Seun Mynd44 |
| Re: The Naira Note Is Now In More Demand Than The Dollar: Any Implications On Forex? by bejamina: 11:05am On Jan 29, 2023 |
No. Only if Dollar is more in circulation |
| Re: The Naira Note Is Now In More Demand Than The Dollar: Any Implications On Forex? by copyrites: 11:09am On Jan 29, 2023 |
bejamina: Those who stashed up dollars in Nigeria may also be struggling right now to exchange for the new Naira note at a loss. When Emefiele announced the currency redesign. Many Nigerians quickly converted their Naira to Dollars. Ahead of the elections, some of these people may be in dire need of the already scarce Naira. |
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