₦airaland Forum

Bretton Woods and IMF and World Bank are institutions aimed at maintaining Western power over the whole world....

I don't even know why emefiele is listening to them....

But we are in a sinking ship, is it not better to float our money

How won’t naira fall when apart from the excessive debts that have been accrued, the little one that’s remaining they are stealing everything without any form of pity

yanabasee:
As a CBN governor, he declared for presidency and yet to resign... Apparently, he will have to steal enough money for campaign.. Since he's in charge of the naira....

Hmmm... shebi them stylishly carry the matter go appeal court? Its still in itself not yet an established law it is under contention.

9ja matter don tire me jaree.


Still a win win for them(Serving Ministers), holding on to the portfolio n free declaration to run for an office

na waoo

bibianna:
As if he knows what he's doing!

You too funny ... I don laugh tire here

OlawaleBammie:
I dont understand single tins from this story oh

They wan make one dollar sell for #1000

ojesymsym:
Is stopping FX supply to banks and BDC not an indirect floating?

There are for example, free float and managed float. Their is no economic term called ‘indirect float’.

Local or foreign rice solution, please do what is right for our peculiar situation.

frowland:
There are for example, free float and managed float. Their is no economic term called ‘indirect float’.

But it can be created

no CBN governor like soludo the rest are bunch of clowns

Pootle:
no CBN governor like soludo the rest are bunch of clowns

Did soludo float the naira?

Your policies that have not been working for 7 good years, to which different cerebral groups have counselled and advised you on, yet you are adamant...what new thing are you expecting Mr Emiefiele Nigerians can't wait for your tenure to be over.

Since you've placed some commodities on exclusive list and closed the boarder, what has changed Do we have enough rice and other things now Are we going to have them before your tenure ends

Mr Emiefiele, please just finish your tenure and go in peace..Thank you

bad news for the naira
it will go to N1000 to a dollar before July

what he is not telling us is that they will devalue the naira

so if u have naira
u better convert to dollars

As long as the true CBN governor, president Mohammad Buhari is opposed to market determined exchange rates, the economy will continue to suffer, the artificial dollar scarcity will not abate, and the massive spread between the official exchange rate and that of the parallel will be unending.

Due to the massive spread between the official and parallel, there's lots of round-tripping. This can simply be gleaned from what the banks charge for online foreign payment through Naira denominated debit cards.

And it's not already?

kingemaker:
How do you "float" a sinking currency?

U pump in a little air!

yanabasee:
As a CBN governor, he declared for presidency and yet to resign... Apparently, he will have to steal enough money for campaign.. Since he's in charge of the naira....

Your likes are destined to make such comment. Wait oooo, so, all the school when your parent invested on you, this is the best of your critical thinking. So sorry man for being like this

illicit:
But we are in a sinking ship, is it not better to float our money

Better to float ke!!!?? Do you want $1 to be 20k naira? Even countries with strong economies still put mechanisms in place to guard their currencies!!!

yanabasee:
As a CBN governor, he declared for presidency and yet to resign... Apparently, he will have to steal enough money for campaign.. Since he's in charge of the naira....

You see Nigerians don’t check a lots of things anymore, he should have been resigned since

yanabasee:
As a CBN governor, he declared for presidency and yet to resign... Apparently, he will have to steal enough money for campaign.. Since he's in charge of the naira....

Emefiele has never declared for Nigerian presidency.

Coldie:
How won’t naira fall when apart from the excessive debts that have been accrued, the little one that’s remaining they are stealing everything without any form of pity

Debts have little impact on the value of naira..
Our main problem is we are a consuming nation not producing..
And also the 2014/2015 oil shock as wel

soberdrunk:
Better to float ke!!!?? Do you want $1 to be 20k naira? Even countries with strong economies still put mechanisms in place to guard their currencies!!!

Trust me...most people who commented don't even know what the CBN governor mean..they just comment out of sentiments..

The CBN governor is right

OlawaleBammie:
I dont understand single tins from this story oh

The central bank governor is saying that the country cannot afford to let naira float freely in the open market without some form of intervention.

IMF and World Bank wants the central bank to stop all forms of intervention, example, supplying dollar into the market to reduce the dollar scarcity that would have otherwise caused a decrease in the value of naira.

But CBN governor is saying that Nigeria cannot afford to do that because it will have serious consequences in the economy.

Naira could exchange for 2000 naira per dollar if CBN should allow it to float with the market forces (the forces of demand and supply).

The Naira would have fared better if this bald fool had floated it

This is the bald headed idiót who is campaigning for President.

Someone that cannot manage the apex bank wants to come and finish Nigeria patapata.

bibianna:
As if he knows what he's doing!

As in ehn!? People will actually take his "grammar" for brilliance and surefootedness.

Dailyparrot:
The central bank governor is saying that the country cannot afford to let naira float freely in the open market without some form of intervention.

IMF and World Bank wants the central bank to stop all forms of intervention, example, supplying dollar into the market to reduce the dollar scarcity that would have otherwise caused a decrease in the value of naira.

But CBN governor is saying that Nigeria cannot afford to do that because it will have serious consequences in the economy.

Naira could exchange for 2000 naira per dollar if CBN should allow it to float with the market forces (the forces of demand and supply).

It won't. And nobody can actually stop Emefiele from "supplying dollars" all he wants. The floating he needs to do is abolish the "CBN rate". That will close the difference between the "black market" and the official rate (570:415 to, say, 520). This will end round-tripping and every dollar "supplied" by the CBN will actually help stabilize the market. Under the current system, a few fat cats benefit while SMEs and the common man suffer.

But he won't let go of the current system, which is how they "eat". That's why some people want to make him president.

Some idiot nor understand wetin this guy talk

Thnks governor
You are doing fine