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Nairaland Forum / Nairaland / General / Business / Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window (33480 Views)
Naira Appreciates To ₦1,280/$ At Parallel Market / Naira Drops Slightly To ₦763.17/$ On Investors & Exporters' FX Window / Forex Transactions On Investors & Exporters Window Hit $7.62bn (2) (3) (4)
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Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by chloride6: 7:57pm On Jun 20, 2023 |
That’s the closing rate na. |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by stampo: 7:57pm On Jun 20, 2023 |
What is wrong with you ? So you will just accept 120/Dollar like that ? It should fall to #56/Dollar.. Then we can say he has done well .. 1 Like |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by CLRF: 7:58pm On Jun 20, 2023 |
LordAdam16: Please avoid using the above bold, Nairaland is just an accidentally created platform, not intellectual created 5 Likes |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by Nobody: 8:00pm On Jun 20, 2023 |
ZUKKYY: I don't understand the celebration about this negative news. This is just unnecessary psychology. 4 Likes |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by eteebanky1: 8:01pm On Jun 20, 2023 |
neduboo: Black market no longer exist |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by Procashtips(m): 8:04pm On Jun 20, 2023 |
Seun: They have the right to sell at their own price. You people thinj floating the naira was a good thing? You guys don't produce nada, yet floated your currency. Inflation is coming 2 Likes |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by cooljude(m): 8:04pm On Jun 20, 2023 |
Seun: Should I be celebrating with this news? All this propaganda will fade very soon. If our export does not improve, our currency will continue to fall. 1 Like |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by obi4eze(m): 8:05pm On Jun 20, 2023 |
This is funny. |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by Nobody: 8:07pm On Jun 20, 2023 |
The Government always forget they're the major earner of foreign exchange not the people, if you must float your currency, then you need the people to be the major earner of foreign exchange, which means you need to invest heavily in creating the enabling environment, right now everything is skyrocketed , power has plummet where I stay to less than 5hours a day, so wtf are you floating, it becomes cheaper to import than to produce, that means you export Jobs out too, I think if you fix power and security, you are 25% done in getting us out of the blues. 1 Like |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by ZUKKYY(m): 8:07pm On Jun 20, 2023 |
Daguga:first pushing it to FP is unnecessary to me.let them bring it down to $150 befor i appreciate 1 Like |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by clockwisereport: 8:07pm On Jun 20, 2023 |
iCauseTrouble: You are wicked. See as you just take the guy to the cleaners 1 Like |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by Nobody: 8:09pm On Jun 20, 2023 |
ZUKKYY: It sounds like nairaland is trying to promote the Government's pretence. 1 Like |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by fk001(m): 8:14pm On Jun 20, 2023 |
Accessed: I agree with you. Especially your last paragraph and because SW has the largest share of the News platform he won't meet with much criticism like his predecessors instead the News outlets will sugarcoat and press him to divert people attention 1 Like |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by ZUKKYY(m): 8:15pm On Jun 20, 2023 |
Daguga:seun is trying to promote the Government. Because say na West 2 Likes |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by VeeVeeMyLuv(m): 8:15pm On Jun 20, 2023 |
E don happen o.... 😭😭😱😱😱😱😭😭😭😩😩😩 Oh my God Naira has been officially devalued. Oh no.... My people brace up yourselves for maximum impact. 3 Likes |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by shinealight(m): 8:22pm On Jun 20, 2023 |
Runaway: It doesn’t happen just because you wish it. You work for it by producing more of what you consume and producing more commodities for export, not just crude oil. |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by Timmi: 8:26pm On Jun 20, 2023 |
LordAdam16: It is obvious you don't understand the economics of the foreign exchange. When the official rate was in the 440s, the government was subsidizing it. Hence those few rich folks that have access to the CBN are buying it on the back of common folks because the government absolves the difference. By floating the currency, the government removes the subsidy allow the reserve to accrue. I hope you and your so called likes understood it now and that's assuming you are genuinely interested in knowing. 2 Likes |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by VeeVeeMyLuv(m): 8:26pm On Jun 20, 2023 |
Manny21: U are too funny This comment is underrated |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by almarthins(m): 8:27pm On Jun 20, 2023 |
Seun: Okay, may be before this one go leave office dollar go enter 2k naira. Who knows? Nigeria rulers we hail thee! 1 Like |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by Emmanuel909090: 8:27pm On Jun 20, 2023 |
Seun: Naira Depreciates not appreciates. Naira is loosing value. 4 Likes |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by Pious101: 8:28pm On Jun 20, 2023 |
iCauseTrouble:Abeg where u for dey sell? |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by Leebeedo(m): 8:28pm On Jun 20, 2023 |
I talk am say illiterate plenty for this forum. Judging from the image you posted, $=680 on the 19th and then the same $=765 on the 20th and you are jubilating that the naira appreciated 1 Like |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by Leebeedo(m): 8:29pm On Jun 20, 2023 |
I talk am say illiterate plenty for this forum. Judging from the image you posted, $=680.20 on the 19th and then the same $=756.81 on the 20th and you are jubilating that naira appreciated. Continue you hear 1 Like |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by VeeVeeMyLuv(m): 8:29pm On Jun 20, 2023 |
Emmanuel909090:pardon his manners He is a Computer scientist not an Economist 4 Likes |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by article1: 8:31pm On Jun 20, 2023 |
iCauseTrouble:Mumu, keep deceiving yourself. You think your copy and paste dollar notes pictures will convince me from believing that you're a wretched nigga. As for my dad you refer to, I won't join 8ssue with you on that cos I'm not trained to insult elders. |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by abuhusna1: 8:36pm On Jun 20, 2023 |
ZUKKYY:It was 750 but some cabal were buying it cheap from Central bank 450 and sell to the public for instant profit but now both the rich and the poor buy same price are you not happy about it |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by Daviddoma(m): 8:37pm On Jun 20, 2023 |
Seun:Until they return the stolen mandate B4 I can take anything serious from them.minds games 1 Like |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by Exceed15: 8:37pm On Jun 20, 2023 |
NL is gradually is turning to Phoenix site. 1 Like |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by YoungLionken(m): 8:39pm On Jun 20, 2023 |
article1: Don't generalize your limitation son. You don't have doesn't mean same for others. Work and pray against poverty, it's worse than HIV... 2 Likes |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by SKIBiNSKI(m): 8:42pm On Jun 20, 2023 |
Elijayy:Believe? i believe i can flly too. 1 Like |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by ojtech8291: 8:43pm On Jun 20, 2023 |
Even Tinubu will be mad at this news, Walahi...😂😂 |
Re: Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window by nextstep(m): 8:50pm On Jun 20, 2023 |
LordAdam16: Yes it has changed, but that rate was artificial, in the sense that only a very small segment of Nigerians could realistically access dollar at 460. The 756 you're seeing is the real - market supported rate - what it should have been all along, and indeed was closer to what most Nigerians were getting. The rate that Naira becomes will be a weighted average of the old (subsidized) rate and the parallel rate (weighted by the number of people who could access either). JPM seems to think 600, I'm thinking it would get worse, even going as high as 800, as multinationals with money currently trapped pull out their gains. Painful in the short term, yes, but the reason the naira is devalued is because we want to buy more than we produce as a country. Same thing with fuel. We were all paying the higher rate for petrol (it just didn't come out of our pocket, but we were paying it in the lack of service and infrastructure). Now the hope is now that we won't be subsidizing neighbours or smugglers, we will see the gains of paying more out-of-pocket. |
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