₦airaland Forum

Daviddson:
Very intelligent analysis, but the OP's statement that old dollar bills were being banned across West Africa, is a lie. Dollar bills minted 100 years ago are still valid tenders anywhere!

Noted.

Acidosis:
Wait you believed that fake news about old dollar notes??

The writers of that fake news achieved their exact goals, which is to make people flood the market with their old tenders.

A blogger sat at the corner of his house in Ojuelegba, wrote an article and quoted Reuters as the source without a link and people believed him? Nothing on Channels, AIT, Reuters, Arise, Punch, Blomberg, BusinessDay, Vanguard, CNN, Etc. gave that impression. The news is so fake that no credible media house bothered about debunking.

If that fake news is why we are seeing a decline in exchange rate, then the sponsors of that article truly deserve a "short-term" award .

Exactly at the bolded, news alone be it fake or authentic has a way of affecting the economy.

Didn't you watch Money Heist?

I knew the news is fake but prevention is better than cure. I had to quickly exchange dollars I was keeping till December

Daviddson:
Very intelligent analysis, but the OP's statement that old dollar bills were being banned across West Africa, is a lie. Dollar bills minted 100 years ago are still valid tenders anywhere!

But their value is lower compared to the newer notes.

Tombrown3:
Exactly at the bolded, news alone be it fake or authentic has a way of affecting the economy.

Didn't you watch Money Heist?

That's right. But the knowledge of the truth will lead to more troubles. Only a productive economy can give us a lasting and sustainable FX rate. There is no short cut to a sustainable FX rate.


What we see playing out now is merely a ponzi scheme, i.e., money exchanging hands within the country: individual hoarders ---> street markets---> individuals -> street markets ---> individuals.

The official exchange rate is the only means to know when naira is really gaining or losing value.

You want a strong naira...earn more dollars. Simples.

AfahaAbia:
But their value is lower compared to the newer notes.

False.

Story for the gods.

Panic selling is a disease. Better hold your dollars and hold it well... Whether cash dollars, dom account dollars, foreign account dollars or crypto/stablecoin dollars. You can't go wrong.

Dollar rate should be N108

Once dangote refinery starts production, it will be so

Nigeriafirstlad:
Old dollar bills will no longer be accepted in West Africa Banks.
Politicians are bringing out their stockpile dollar bills.

Dollar to sink 500Naira tomorrow.

Amen oh

Acidosis:
Wait you believed that fake news about old dollar notes??

The writers of that fake news achieved their exact goals, which is to make people flood the market with their old tenders.

A blogger sat at the corner of his house in Ojuelegba, wrote an article and quoted Reuters as the source without a link and people believed him? Nothing on Channels, AIT, Reuters, Arise, Punch, Blomberg, BusinessDay, Vanguard, CNN, Etc. gave that impression. The news is so fake that no credible media house bothered about debunking.

If that fake news is why we are seeing a decline in exchange rate, then the sponsors of that article truly deserve a "short-term" award.

It’s a fake news that is working wonders. Maybe someone in CBN came up with the idea.

Once dollars floods the streets and little Naira is available, the dollar will crash against Naira at black market.

Kudos to America

Please how do you check the Bitcoin rate

Abokis are cashing out. If you know you know.