Soon it will drop at 450 even in the market

OutOnBail:
How P2P go de determine our FX rate? These are the real speculators that needs to be taken off!

Who do you think are the invisible faces behind the P2P?

DomPerignon:



Concentrate on your useless Biafra .

When we chase you away we will not have parasitic importers who demand for FX to import cheap crap at the expense of local producers .

na question hin ask na y insult

Traded for 825 naira this morning at the BDC village, Tudun Wada, Wuse.

It's currently #850 now.

TemplarLandry:
Still not good.

no its good

XtraFortunes:
Bulaba and propaganda na 5 and 6

Dollar N742?

Aboki dey say something different

una wey dey shout aboki. una sure say una no dey lie. when last una carry physical dollar go change for aboki vice versa... una go just dey lie, wetin u one use dollar do?. if u dey online business na online u go dey change dollar which is at dat price.
.


dis naija eh tor

iampeterben:
825 to a dollar as at this afternoon. Lies...

una wey dey shout aboki. una sure say una no dey lie. when last una carry physical dollar go change for aboki vice versa... una go just dey lie, wetin u one use dollar do?. if u dey online business na online u go dey change dollar which is at dat price.
.


dis naija eh tor

Angelfrost:


He asked very salient questions which every young Nigerian should be bashing and throwing at those in power...!

If all hands are not on deck to change the direction of the economy from high import dependence to Massive export and production, then the Naira will be buried permanently!

Then why Tinubu rolls out policies to discourage importation, you guys will be the ones screaming "anti Ibo".

cjudy:

As at today, dollar is exchange at 851 keep playing

una wey dey shout aboki. una sure say una no dey lie. when last una carry physical dollar go change for aboki vice versa... una go just dey lie, wetin u one use dollar do?. if u dey online business na online u go dey change dollar which is at dat price.
.


dis naija eh tor

Ok you're right!

TERMlNATOR:
no its good

SpecialAdviser:
I only trust the exchange rate from Aboki in the street. Forget all these bruhahaha.


Tinubu ti kpa Nigerians
Meanwhile below is a thread indicating CFA is raping NAIRA back and front


https://www.nairaland.com/7763813/breaking-cfa-overtakes-naira

una wey dey shout aboki. una sure say una no dey lie. when last una carry physical dollar go change for aboki vice versa... una go just dey lie, wetin u one use dollar do?. if u dey online business na online u go dey change dollar which is at dat price.
.


dis naija eh tor

This one na see finish post.

Just imagine the nonsense dem dey celebrate.

I don't know but a lot of ppl quote P2P which leads to speculation. Naira shouldn't be that high

Buddha3:


Who do you think are the invisible faces behind the P2P?

TemplarLandry:
Ok you're right!

u never see anything. U go soon run out of energy u use to dedicate ur wack songs.

Khyrvxjzy:



una wey dey shout aboki. una sure say una no dey lie. when last una carry physical dollar go change for aboki vice versa... una go just dey lie, wetin u one use dollar do?. if u dey online business na online u go dey change dollar which is at dat price.
.


dis naija eh tor

Oga keep quiet below is P2P rate today. Don’t say what you don’t know. Go to any Aboki today and ask them of rate. Go and pay school today in USA or Canada to see the rate they will give you.
No worry it will Favour you and your family

DomPerignon:



Concentrate on your useless Biafra .

When we chase you away we will not have parasitic importers who demand for FX to import cheap crap at the expense of local producers .

What have you been able to achieve with your useless Nigeria?.

You foolishly floated a currency that was been rightfully defended because of its inherent weakness, and falsely promised Nigerians the rate would crash.

Now, seeing the effects of your rash and thoughtless actions, you've not only evaded taking responsibility, but have also pushed the blames on unknown group of people.
Let us see how a dru.g crim!nal will save a crumbling country

cjudy:

Oga keep quiet below is P2P rate today. Don’t say what you don’t know. Go to any Aboki today and ask them of rate. Go and pay school today in USA or Canada to see the rate they will give you.
No worry it will Favour you and your family

amen

why u dey talk aboki again u b rick ross wey need physical cash



so dat report na lie... nawa for una oooo

i no get pikin for usa so i no need pay dollar

DomPerignon:
FG should begin recalling most of the currency in circulation printed from thin air by Emefile through this Forex window.

This how the FG can utilize the Forex to remove excess liquidity from circulation and drive down inflation.

The only people betting against the naira are Buhari looters who , without Emefile's protection, are now moving their loot through the Forex window .

No genuine business will bid so high for Forex in such a challenging economy. What do they want to import that they are desperate to bid so high for Forex?

In a few months, if the FG compels the CBN to withdraw all excess liquidity from funds raised through the FX open window bidding, the naira will regain to about 350-400 to a dollar.

Do you have investors to bring in dollar? Do you export anything to foreign countries. When the British rejected some of the items shipped over there why did the federal government not take corrections and make it up to standard.

We are very quick to blame someone else buh reality is starring at our while we do nothing about it. Those guys know what to do buh because they are working for there own personal interest they can never take the right steps.

I feel so sorry for the citizens cos our leaders are very lazy. The only time they work hard is when they seeking ur vote. Yet we choose a vegetal to rule us at this crucial time of general crisis in the world.

So let us all dance and clap for Joy that an exchange rate that Buhari met at N160....

...has come down all the way to N742

We don't need anything again.

Let APC kontinuuuuuu

Mtschewww!

cjudy:

As at today, dollar is exchange at 851 keep playing

No mind them, dollar that has been hovering between N150 and N155 today is what someone is saying is selling at N742. These people no fear God o!

blamingthedevil:

https://nairametrics.com/2023/07/19/exchange-rate-post-biggest-ever-gain-closing-at-n742-1-on-ie-window/

i just type dollar to naira na 791 e show bro

At what value when your shitting folking currency is not even in the top 20 of Africa countries currencies

ClearFlair:
Vanity numbers. Failure is very hard to hide

ChybuzzDD:


What have you been able to achieve with your useless Nigeria?.

You foolishly floated a currency that was been rightfully defended because of its inherent weakness, and falsely promised Nigerians the rate would crash.

Now, seeing the effects of your rash and thoughtless actions, you've not only evaded taking responsibility, but have also pushed the blames on unknown group of people.
Let us see how a dru.g crim!nal will save a crumbling country

We will see how your Biafra currency will turn to the new Dollar of Africa .

ClearFlair:
Vanity numbers. Failure is very hard to hide

Its funny how all the apologist rush to post "big" gains but keep silent in big losses. Nairametrics is obviously on the payroll of the Information Management team of this junta.

Is that a cause to rejoice?

Hope it would continue like that.

DomPerignon:
FG should begin recalling most of the currency in circulation printed from thin air by Emefile through this Forex window.

This how the FG can utilize the Forex to remove excess liquidity from circulation and drive down inflation.

The only people betting against the naira are Buhari looters who , without Emefile's protection, are now moving their loot through the Forex window .

No genuine business will bid so high for Forex in such a challenging economy. What do they want to import that they are desperate to bid so high for Forex?

In a few months, if the FG compels the CBN to withdraw all excess liquidity from funds raised through the FX open window bidding, the naira will regain to about 350-400 to a dollar.

Are you serious or are you one of those government e-wariors paid N30k a month to write nonsense?
Forex users will pay whatever the market offers . The Naira has very little economic backbone to rest upon. The main reason your government decided to let it float is to allow it to find its bottom, its true equilibrium value. I speculate that bottom to be N1500 in short term.
On a longer term, the stability of government economic policies would determine when it sinks further or regains some strength to the N1100 - N1200 levels.

How is this a good news?
Same man that said that "they don't know how to do it"