₦airaland Forum

A friend just sent me some dollar @ the rate of 758. I thought they said dollar is now 1000.

Black Market price is currently sitting at ₦1,008.00k.

Let him send you in Bitcoin, it's over 1000k

Emekaphilip360:
A friend just sent me some dollar @ the rate of 758. I thought they said dollar is now 1000.

He sent it through the official channel. The black market rate is $/#1010

I thought the exchange rate was unified?

Why are you still talking about black market?

Emekaphilip360:
A friend just sent me some dollar @ the rate of 758. I thought they said dollar is now 1000.

That's official rate.The govt needs to flood the banks with dollar for the next three weeks to bring the black market rate to parity with official rate or ban the black market entirely make aboki go look for another work do.

Emekaphilip360:
A friend just sent me some dollar @ the rate of 758. I thought they said dollar is now 1000.

Dollar is almost 1200 in the market. Tgey cheated you.

manutdrichie:
I thought the exchange rate was unified?

Why are you still talking about black market?

Where did you see Forex for unification

Jorussia:
That's official rate.The govt needs to flood the banks with dollar for the next three weeks to bring the black market rate to parity with official rate or ban the black market entirely make aboki go look for another work do.

😂😂😂😂😂Aboki go look for another work..😂😂😂😂🤣🤣🤣 you dey joke koma.. instead of them go close bureau d'change CBN go fall

manutdrichie:
I thought the exchange rate was unified?

Why are you still talking about black market?

I was about asking same myself

I thought the rate has already been unified. Which one is "black market" rate again?

Let's stick to one rate for goodness sake.

pineed:
I was about asking same myself

I thought the rate has already been unified. Which one is "black market" rate again?

Let's stick to one rate for goodness sake.

We have I&E window and official parallel market. The issue is that banks have refused to sell dollars to people that buy things internationally with their debit cards. So those people are left to buy from aboki, also all dollars used in trading crypto come from the aboki people too

It will still go down to like #725 to dollar in the official market (bank rate).

Those screaming #1000 are the ones happy with black market (unofficial rates).. The higher the exchange rate in black market, the more money they get not minding the adverse effects on our economy.

With new CBN policies, any transaction inflow or outflow in foreign denominations will be regulated.. the days of dollar speculators holding the country spell bound will soon be over

flokii:
It will still go down to like #725 to dollar in the official market (bank rate).

Those screaming #1000 are the ones happy with black market (unofficial rates).. The higher the exchange rate in black market, the more money they get not minding the adverse effects on our economy.

With new CBN policies, any transaction inflow or outflow in foreign denominations will be regulated.. the days of dollar speculators holding the country spell bound will soon be over

lol. I laugh at your ignorance.
Does cbn have dollar to give if I approach them and every other person does? No is the answer because they are struggling. The higher the black market rates, the more fx and dollar find themselves there. Until the BM is chocked and excess supply of dollar against demand manifests, it remains.

Jorussia:
That's official rate.The govt needs to flood the banks with dollar for the next three weeks to bring the black market rate to parity with official rate or ban the black market entirely make aboki go look for another work do.

You can't ban the black market. The black market is basically the informal sale and purchase of forex.

If you stunt it, this simply drives the price of forex up. The issue isn't the black market. The problem is liquidity.

grandstar:
The issue isn't the black market. The problem is liquidity.

Too much grammar. Shortage of dollar in CBN's side.

NzogbuNzogbu:
Let him send you in Bitcoin, it's over 1000k

Are you cursed with crime ni?