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Nairaland Forum / Nairaland / General / Business / CBN Says It Is Not Trying To “Unify Exchange Rates“ (16741 Views)
Exchange Rates In Official And Parallel Markets Converge / CBN Says It Is Not Trying To “ Unify Exchange Rates “ / CBN To Unify Exchange Rates, Pegs Naira At 379/$ (2) (3) (4)
CBN Says It Is Not Trying To “Unify Exchange Rates“ by Kingsmeal: 9:39am On Jul 26, 2023 |
The Acting Governor of the Central Bank of Nigeria, Mr. Folashodun Shonubi announced an increase in the benchmark interest rate (MPR) by 25 basis points to 18.75% from its initial 18.5%. https://nairametrics.com/2023/07/25/cbn-says-it-is-not-trying-to-unify-exchange-rates/ 4 Likes
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Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by Kingsmeal: 9:39am On Jul 26, 2023 |
So Naira was simply devalued. Shame. Modified: APC always has a way of making its supporters look so stupid. Imagine celebrating the sham few weeks ago only to get crushed. 78 Likes 7 Shares |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by Kingsmeal: 9:41am On Jul 26, 2023 |
nlfpmod |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by jumper524(m): 10:12am On Jul 26, 2023 |
Kingsmeal:dey there dey let media dey use sensationalism dey twist your brain. The CBN clearly scrapped the subsidised exchange rate and allow market forces to determine the real rate. Nothing like devaluation here, economic improvement would determine the positive or negative flow of those rate. Already we've patched up a major bleeding source which is subsidy. Time would tell the impact, but its never instant. 66 Likes 6 Shares |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by Kingsmeal: 10:28am On Jul 26, 2023 |
jumper524: Continue yapping You go explain tire 101 Likes 9 Shares |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by RapistOnBail: 12:35pm On Jul 26, 2023 |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by Made2Last: 12:36pm On Jul 26, 2023 |
I subscribe to your line of thought jumper524: 14 Likes 3 Shares |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by Sunisonflex39(m): 12:36pm On Jul 26, 2023 |
Wait o..8 am not understanding..no be rate them harmonize few weeks Ago 5 Likes |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by Honourable1901(m): 12:37pm On Jul 26, 2023 |
1 |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by revived2: 12:37pm On Jul 26, 2023 |
The whole exchange rate is fked 2 Likes 1 Share |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by Almiron: 12:37pm On Jul 26, 2023 |
I guess they are testing microphone then. Let the poor breathe, stop the choke 11 Likes 1 Share
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Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by Curious345: 12:37pm On Jul 26, 2023 |
Is this another policy somersault? I dreamt that Tinubu will return fuel subsidy 3 Likes |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by IketownNigeria: 12:37pm On Jul 26, 2023 |
Lmao mumu continues 4 Likes |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by Nbote(m): 12:38pm On Jul 26, 2023 |
Hahahahahahahaha.. So they actually devalued the naira and fooled Nigerians into believing they were unifying and harmonizing the rates 15 Likes 2 Shares |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by alphaconde(m): 12:38pm On Jul 26, 2023 |
E b like the country don already confuse TINUBU. We are suppose to run this country as Abrahamovic did chelsea Poor performance no excuse gets sacked. Even if we do elections twice a year. I foresee TINUBU just grappling for 8 years without results. 11 Likes 1 Share |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by BarrElChapo(m): 12:38pm On Jul 26, 2023 |
🤔 |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by FireUpNow(m): 12:38pm On Jul 26, 2023 |
Kingsmeal:So you nor know before say dem devalue the naira with the useless big english of floating and unification of exchange rate. Welcome to reality. Babablublu is here so enjoy all manners of federal tricks and scams. Chop this 🌽🌽🌽🌽 to calm down 19 Likes 2 Shares |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by MykellOni(m): 12:38pm On Jul 26, 2023 |
Attendance: Present ✔️ Lol! Lies upon lies, deceit upon deceits., This country matter ehn... One day, I know say something go sha happen 3 Likes 1 Share |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by YouAreFinished: 12:39pm On Jul 26, 2023 |
We we devehlop nna meh reserves! 2 Likes 1 Share
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Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by princepeter566: 12:39pm On Jul 26, 2023 |
For those that voted for tinubu. If there's re-election today, will you still vote for him Are u guys proud of him Is the situation favoring you and your family Hope u guys are buying fuel at 200/L at all APC fuel stations nationwide I just say make I ask 11 Likes |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by jaxxy(m): 12:40pm On Jul 26, 2023 |
Clueless people 4 Likes |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by NaijaCover(m): 12:40pm On Jul 26, 2023 |
Hmmmmmm |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by Bfly: 12:41pm On Jul 26, 2023 |
This people will never explain how it is impacting individuals lives 1 Like |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by naijaboy756: 12:41pm On Jul 26, 2023 |
GIVE APC 20 YEARS THEY WILL STILL BE GIVING EXCUSES Bunch of packaged eediots 10 Likes 2 Shares |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by Nairastake: 12:41pm On Jul 26, 2023 |
jumper524: I've heard another one... So we have naira subsidy just like fuel? Nothing I won't here for this forum. Pobem 6 Likes 2 Shares |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by FreeStuffsNG: 12:41pm On Jul 26, 2023 |
“We are not trying to unify the rate, we are encouraging the market to be efficient and that takes time, some of the volatility you are seeing is the market finding its level and reality of pent-up demand as current supply not sufficient, as we ease the demand we see a more efficient market that runs, This is brilliant! You can not say you are floating and then say you want to unify. To unify means you have set a price that the rates must converge but if you use monetary policies to disincentivise inefficiencies then the market can always correct and adjust itself with little intervention on the supply side from the CBN. Check my signature for free stuffs! 3 Likes 2 Shares |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by fastseo: 12:42pm On Jul 26, 2023 |
you can't unify anything unless you have supply to pump into the market ... or its not in your power to do as we are not running a command economy or totalitarian regime. If you want to unify then you must talk about availability or supply first without that then forget it jumper524: hope you are ready for price increment in the coming months? 1 Like 1 Share |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by Weedhustler: 12:43pm On Jul 26, 2023 |
Always looking for ways to frustrated Nigerians...make ds japa tins do plum sharply...I don tire biko! 3 Likes 2 Shares |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by Poske95(m): 12:43pm On Jul 26, 2023 |
In a country of majority unschooled and living bin poverty, do you expect less ...? Emefiele who is still the CBN Governor by the Constitution was rubber duckied ....wat about a simple BSc holder ......?! Haha..... Una never Soji...make una dey listen to Ushenna....!!!! 1 Like |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by KingLennon(m): 12:45pm On Jul 26, 2023 |
It's 2 months and the country is like this, how will it look in 4 years? All our leaders lack common sense and they fact that the youths who should be sensible but are also foolish is beyond amazement 1 Like |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by JAMO84: 12:45pm On Jul 26, 2023 |
If you read the headline alone, you've just been scammed. |
Re: CBN Says It Is Not Trying To “Unify Exchange Rates“ by bigdammyj: 12:46pm On Jul 26, 2023 |
Noted. |
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