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Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane (20287 Views)

Naira Under-valued In Official, Parallel Forex Markets – Bismarck Rewane / Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation / Bismarck Rewane Claims Naira Overvalued By 200%, Begs CBN To Set Currency Free (2) (3) (4)

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Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by Pickmycall: 3:50pm On Jun 16, 2023
Una don start
Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by lexy2014: 3:51pm On Jun 16, 2023
Parachoko:
So far there's no scarcity of the $, everything will be fine

I doubt the $ will even go beyond #800 at the black market before it start falling

On the long run, Aboki $ might even become cheaper than Banks $

Make everybody go relax

Asiwaju is in Control

How much will banks charge now for international transfer as against the previous charges?
Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by Shigishege2: 3:52pm On Jun 16, 2023
ceejayluv:

I'm full blooded Igbo, I will never deny my heritage.

Enjoy your inflated Forex transactions for the next eight years.
you for deny if no be say I hold you for hand before you run

2 Likes 1 Share

Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by ceejayluv(m): 3:52pm On Jun 16, 2023
Parachoko:
So far there's no scarcity of the $, everything will be fine

I doubt the $ will even go beyond #800 at the black market before it start falling

On the long run, Aboki $ might even become cheaper than Banks $

Make everybody go relax

Asiwaju is in Control

We've got a voodoo economist here, guys.....
Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by lomprico(m): 3:53pm On Jun 16, 2023
From 490 to 600-650 to a dollar and idiots are saying 'its good, fine, nice one, tinubu is working, etc'
When black market arrange their own it will be between 900-1000 to one dollar. Make una continue to the praise nonsense, na everybody go collet.

3 Likes

Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by ceejayluv(m): 3:54pm On Jun 16, 2023
Shigishege2:
you for deny if no be say I hold you for hand before you run
Go and buy your specially discounted fuel and dollars for BATshits.
Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by MorataFC: 4:02pm On Jun 16, 2023
helinues:
Bismarch has been consistent with his analysis about Nigeria economy .
That man is extremely good.
Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by hisexcellency34: 4:02pm On Jun 16, 2023
I think this man is crazy with his fried hair

1 Like

Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by Passionet: 4:04pm On Jun 16, 2023
Parachoko:


So far there's no scarcity of the $, everything will be fine

I doubt the $ will even go beyond #800 before it start falling

On the long run, Aboki $ might even become cheaper than Banks $

Fellow Nigerians, Let's suffer today and enjoy tomorrow

Asiwaju is in Control

Naira is already at between 600 - 620 right now.

Just got paid 607 to 1 USD through payoneer

3 Likes

Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by Dhury: 4:04pm On Jun 16, 2023
It's 900per.kg here in orlu everyday except Monday sit 🪑 at home 🏠.

1 Like

Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by saysoo: 4:17pm On Jun 16, 2023
You know one thing about analyist, they always come back to share more light after 8years.
Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by saysoo: 4:20pm On Jun 16, 2023
One thing about driving a car with mouth is that you will never have accident.

2 Likes

Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by plaetton: 4:23pm On Jun 16, 2023
nlfpmod:


https://nairametrics.com/2023/06/16/naira-fair-value-should-settle-between-n640-n680-bismarch-rewane/

Complete BS.

We do not produce enough of anything that we consume. Despite the fact the we are naturally endowed with cheap petroleum , we do not produce enough gasoline for even domestic consumption. We still import refined petroleum products. That says a lot about our productive capacity.
Then, upon what economic basis can we, can anyone talk about the supposed fair value for the Naira.
Unfortunately ,the Naira will inevitably gradually slide lower and lower for near eternity.
Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by WorldRichest: 4:26pm On Jun 16, 2023
helinues:
Bismarch has been consistent with his analysis about Nigeria economy .

He was in one of Buhari's Economic teams, I didn't hear that he resigned when his advice was not taken, same with Yemi Osinbajo

1 Like

Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by onuman: 4:26pm On Jun 16, 2023
Appreciation should be Naira returning to its 2015 level before APC.
Don't fill the pages with propaganda of Naira appreciating for a kobo everytime. Apc propaganda for Tinubu.
Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by plaetton: 4:30pm On Jun 16, 2023
Parachoko:


So far there's no scarcity of the $, everything will be fine

I doubt the $ will even go beyond #800 before it start falling

On the long run, Aboki $ might even become cheaper than Banks $

Fellow Nigerians, Let's suffer today and enjoy tomorrow

Asiwaju is in Control

Dream on , dream on.

I'm not sure how old you are , but but we have attempted this rate unification several times before, and it has failed each time. There is nothing different about this latest attempt that would ensure its success.
Our productive capacity is still very well below par. Our exports are below par. Ease of doing business is below par. Agricultural production is already hampered by terrorism.
Upon what basis can we hope to sustain a good value for the currency ?

3 Likes

Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by Eagle360(m): 4:31pm On Jun 16, 2023
The state government should deliver or face God wrath and people anger.

Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by NEIGHBOUR(m): 4:31pm On Jun 16, 2023
helinues:
Bismarch has been consistent with his analysis about Nigeria economy .

I'm still surprised that govt has not utilised the potential of this man. He is mightily qualified to be a Minister for finance or the central bank governor.
He is a big asset to the economy.
Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by Parachoko: 4:39pm On Jun 16, 2023
plaetton:


Dream on , dream on.

I'm not sure how old you are , but but we have attempted this rate unification several times before, and it has failed each time. There is nothing different about this latest attempt that would ensure its success.
Our productive capacity is still very well below par. Our exports are below par. Ease of doing business is below par. Agricultural production is already hampered by terrorism.
Upon what basis can we hope to sustain a good value for the currency ?
You're wailing unnecessarily

As at now, the naira is doing fine

The likes of Payoneer is presently selling dollar for 607 to 1 USD

Stay on Nairaland make u dey wail unnecessarily
Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by FireUpNow(m): 4:41pm On Jun 16, 2023
All these na big english. Let them remember that an egg sells for #100. Will the poor man on the street get the true value?
Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by GboyegaD(m): 4:41pm On Jun 16, 2023
Exchange rate is a function of Balance of Payment thus, it is difficult to say this is a fair amount. Government should implement policies that will yield a more favorable BOP in our favor.
Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by plaetton: 4:43pm On Jun 16, 2023
Parachoko:
You're wailing unnecessarily

As at now, the naira is doing fine

The likes of Payoneer is presently selling dollar for 607 to 1 USD

Stay on Nairaland make u dey talk nonsense for here

I guess you're not capable of properly defending your opinion without reverting to name calling.
Compulsive name-calling is usually a sign of mental vacuity.

1 Like

Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by lexy2014: 4:45pm On Jun 16, 2023
Parachoko:

Fellow Nigerians, Let's suffer today and enjoy tomorrow

Asiwaju is in Control

How is Tinubu in control?

In 2015, nigerians were told to suffer and enjoy tomorrow. This is 2023. Has tomorrow not yet arrived?

What is the benefit of all the previous sufferings?

1 Like

Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by Parachoko: 4:46pm On Jun 16, 2023
plaetton:


I guess you're not capable of properly defending your opinion without reverting to name calling.
Compulsive name-calling is usually a sign of mental vacuity.
You're wailing unnecessarily, the evidence on ground shows the Naira is doing fine

You can believe and keep on living in the past, is the problem of your life, Nigeria is Marching On Under Asiwaju Bola Ahmed Tinubu

Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by Didijiji: 4:49pm On Jun 16, 2023
Shigishege2:
can ur Pandora make it even 300/$?

Modified:
Before you deny being obidients or eeboe we already know who you are because anyone who castigate or complain about this government without REASONING is obidient/eboe.
mumu
Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by Parachoko: 4:52pm On Jun 16, 2023
lexy2014:


How is Tinubu in control?

In 2015, nigerians were to to suffer and enjoy tomorrow. This is 2023. Has tomorrow not yet arrived?

What is the benefit of all the previous sufferings?
I never told you to vote Buhari neither did I voted or campaigned for him

You voted for Pandora who told Nigerians to suffer because of a Policy that was not well planned. Even though the policy was not working, Pandora didn't care, he just want us to keep on suffering unnecessarily.

Payoneer is paying 607 to 1 USD if you no wan go Banks wey dey sell am below 600

Nigerians are suffering today, but we will surely enjoy tomorrow

Nigeria is Marching Forward under the Fantastic Leadership Of Asiwaju Bola Ahmed Tinubu
Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by lexy2014: 4:58pm On Jun 16, 2023
Parachoko:
I never told you to vote Buhari neither did I voted or campaigned for him

You voted for Pandora who told Nigerians to suffer because of a Policy that was not well planned. Even though the policy was not working, Pandora didn't care, he just want us to keep on suffering unnecessarily.

Payoneer is paying 607 to 1 USD if you no wan go Banks wey dey sell am below 600

Nigerians are suffering today, but we will surely enjoy tomorrow

Nigeria is Marching Forward under the Fantastic Leadership Of Asiwaju Bola Ahmed Tinubu


Offpoint. That's not what I asked you.

How is Tinubu in control?

In 2015, nigerians were told to suffer and enjoy tomorrow. This is 2023. Has tomorrow not yet arrived?

What is the benefit of all the previous sufferings?

How much will banks charge now for international transfer as against the previous charges?
Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by Theboss001: 5:02pm On Jun 16, 2023
Ambitious21:
We are waiting

That's official rates oooh.
So how much will mai suya sell?
Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by Theboss001: 5:06pm On Jun 16, 2023
Passionet:


Naira is already at between 600 - 620 right now.

Just got paid 607 to 1 USD through payoneer

Why you go dey allow payoneer cut cut your money like that?
Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by Theboss001: 5:09pm On Jun 16, 2023
plaetton:


Dream on , dream on.

I'm not sure how old you are , but but we have attempted this rate unification several times before, and it has failed each time. There is nothing different about this latest attempt that would ensure its success.
Our productive capacity is still very well below par. Our exports are below par. Ease of doing business is below par. Agricultural production is already hampered by terrorism.
Upon what basis can we hope to sustain a good value for the currency ?

That's why I wonder what these clowns are cheering About?
We haven't started producing/exporting more.
So how will the naira now magically appreciate

2 Likes 1 Share

Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by goldmatrix(m): 5:21pm On Jun 16, 2023
So much talk with nothing to show comon man. Comon man need food shelter and clothing.. Maybe constant power supply finish..

1 Like

Re: Naira Fair Value Should Settle Between ₦‎640-₦‎680/$ – Bismarch Rewane by plaetton: 5:24pm On Jun 16, 2023
Parachoko:
You're wailing unnecessarily, the evidence on ground shows the Naira is doing fine

You can believe and keep on living in the past, is the problem of your life, Nigeria is Marching On Under Asiwaju Bola Ahmed Tinubu

Little guy,
You can sing praises to your God Tinubu as much as you want.
That is not the issue here.
The issue here is about fundamental economics. And by any fundamental economic forces, the Naira, now that it is freely floating, will gradually float to N1200 to N1500 per USD.
How soon in the next 3 to 6 months that would happen is something that I would not speculate .

4 Likes 1 Share

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