Atlwireles's Posts
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ba7man:Are you talking of yourself |
Government shutdown in Nigeria on March 28th, most of you are used to suffering, just enjoy your new normal. ![]() |
PDP rigged the election, that's why nobody showed up. ![]() |
onatisi:You still have it ![]() |
CARACAS, Venezuela (AP) — A staggering plunge in the free market value of Venezuelan currency sent people scrambling to sell off their depreciating bolivars Friday. The widely followed website DolarToday, which tracks exchanges along the Colombian border, reported that the South American country's currency lost a quarter of its value over the last eight days. The site's app has become so ubiquitous that everyone in smartphone-obsessed Caracas seemed to find out about the crash through 400 to the dollar at the same instant, as DolarToday sent out a series of alerts announcing the new numbers under the headline "hyperinflation!" Venezuelan currency was trading at 415 bolivars per dollar Friday, according to the site. That's down from 300 bolivars per dollar on May 14. It stood at 173 when the year started. While many black market dealers paused transactions until the rate stabilizes, some Venezuelans said they had changed money at the 400 bolivar rate Friday. It was not immediately clear what prompted the sudden drop, though a Barclay Capital Inc. report issued Friday described the underlying cause as government expansion of the money supply. "We do not see any signal of change from the authorities but these risks should make them reconsider their policies," it said. Barclays projected the Bolivar could dip as low as 600 to the dollar this year. The administration of President Nicolas Maduro keeps tight control over the legal exchange of bolivars, using a byzantine three-tier system. It is meant to subsidize crucial imports, but has led to widespread corruption and speculation. The strongest rate is 6.3 bolivars per dollar. The weakest official rate, which was billed as an alternative to the black market when it was rolled out earlier their year, has inched up to 200 bolivars per dollar. The fact many are willing to pay double that price for black-market dollars indicates the supply is limited. The Maduro administration has been hoarding dollars as it grapples with falling oil prices. That has contributed to shortages and other economic distortions. DolarToday is openly hostile to the socialist government and carries news stories attacking it. But the site insists its exchange rate reports are based on actual trades at exchange houses on the Colombian side of the border and are not manipulated to undercut the government. In April, Maduro repeated his assertion that the site's shadowy managers, whose identities are not public, are collaborating with the speculators and opposition leaders he blames for the country's problems. He accused them of purposely sowing chaos and promised to have them arrested. "We're going to put those people at DolarToday who are waging an economic war against Venezuela behind bars, sooner rather than later" he said. http://news.yahoo.com/currency-tumbles-venezuelans-look-offload-bolivars |
mmsen: if you say so. |
mmsen: Who are these progressives? Please don't kid yourself. |
Mogidi:Na small small, one step at a time. Nobody ever thought we would be here today. |
Mogidi:Nigeria killed herself, we are just trying to port before this ship sinks. Is not by power is not by might, but by his spirit. |
The future of the Niger delta is very bright. To God be the glory. |
onatisi:The southwest PDP has been in the opposition for years, please what is new? |
chuna1985: U keep blaming the government, but u forget we run a system of government that sponsors corruption federalism is the only thing that can save Nigeria. Zero Planning for the future n lack of knowledge is Nigeria's greatest problem. 99% of humans are corrupt, running a system that fuels corruption activates it. |
onatisi: this is one point majority of nigerians have failed to realize. Ppl just wanted gej out by all means ,if there was a strong third party with a sellable candidate both buhari and gej would have lost, but it was a matter of choosing between buhari and gej and since ppl wanted gej out they opted for buhari.but the good thing now is another strong 3rd opposition party is coming upWhich people ![]() |
chuna1985: |
Truckpusher: You don't need to respond to those fools and cowards that changes moniker like women changes pants. When I come across them I simply curse them. |
Forwetinnah:Reality is now setting in for this people. Nigerians are about to enjoy the change they voted into power. ![]() |
PointB: My understanding during the campaign was that APC knew everything about the current government and know exactly where to start. If that's the case, what's all the cry about? How come we are being told they don't know where to start? Looks to me like APC/Buhari don't know what they are in for; they don't know what they are doing! And it just 7 days away to start of their 'season'! hmmn |
Delusion grandeur of the APC is on display again. I keep asking why are these almajiris, so desperate to retain Rivers State? |
zendy:How old are you again? some of you need to learn to shut up. Say only things you know to be true. |
This is just the beginning. ![]() |
BiafranPrince:I hope you are not new to this forum. 99% of people claiming to be SS just for the sole purpose of insulting other tribes, SS tribes included are impostors. Read their comments, if you care and please move on. It takes a while to know them, because of the speed with which they manufacture new monikers and generate internet profiles and links. I wonder what drives these individuals into such desperate measures. |
Mogidi: let's pray they find something. |
dearpreye:This statement is not correct. I'm an old bendelite, best days of my life in all aspects. United and strong like a rock. |
Mogidi:That's my prayer. Find huge reserves in Borno, Sokoto, Kano, Kaduna, etc maybe then one Nigeria will be of no value to them. Delta state does not need oil to be one of greatest place on planet earth. |
Mogidi:They are not deluded, they see their demand as righteous. I remember the statements made in 2003 before the 13% was paid. |
noblezone:You think they are happy today, no!!!!! Dakuku is waiting for a ministerial appointment . Amachei is now the friend/politician nobody can trust. Even the ones calling his name and shouting his praises on this forum, see him as a man you must keep at arms length. Such is life |
Mogidi:The ball is in Buhari's court. |
Mogidi:Wike is prepared for whatever they have in stock. Only a mad man will attempt to touch the current derivation formula, but again, Nigeria is a country of mad men. They will only make things much more easier. ![]() |
Dakuku was MIA on the PIB, he was suppose to be the committee chairman shepherding the bill through the house. We all saw how hard he worked on behalf of his region ![]() |
Waiting for ASUU to join their fellow brothers. APC they are your people and supporters, deal with them. Left to people like us all unions would be restricted to states alone and no strike without a public ballot approving their stup id blackmailing tool.. Na una dey cry Labour union rights, you people will feel the heat now. |
All is fair in political war. APC gave us the play book, we intend on following it to the letter. |
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. Amachei is now the friend/politician nobody can trust. Even the ones calling his name and shouting his praises on this forum, see him as a man you must keep at arms length. Such is life