₦airaland Forum

Until then, this post is irrelevant

Lmfao


Overated asoebi people


By now next year people will be apologising to Emefiele

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ivandragon:
We can analyse using all the financial and economic jingos we have.

Project using whatever analysis we want, but the problem of the FX is not going away because the people who are positioned to 'fix' the problem are the major beneficiaries of the problem.

The simple fact remains that they are the ones hoarding the dollar and also taking it abroad to invest for their personal gains.

They are the ones creating both the dollar and naira scarcity in nigeria today.

They change their already printed notes to dollar, making the dollar extremely scarce.

MCentral:
https://i0.wp.com/moneycentral.com.ng/wp-content/uploads/2023/06/Dollars-1.jpg?w=720&ssl=1

Nigeria is planning to introduce new foreign exchange rules — including a crackdown on illegal currency trading — that it hopes will result in the naira appreciating to its fair value by year-end, 2023.

The government sees a “fair price” for the dollar at 650 to 750 naira, Taiwo Oyedele, chair of the presidential committee on fiscal policy and tax reforms, said in an interview with Bloomberg.

In the parallel market, the naira traded at 1,165 per dollar on Monday.

The government plans to clear a backlog of dollar demand estimated at about $6.7 billion, bolster the naira forward market, and set transparent rules for the operations of the official market, Oyedele said.

It also aims to expand the official market to include all legitimate transactions, while snuffing out the illicit “black market” for foreign currency, he said.

“We think all of that will happen before December, and maybe in a matter of a couple of weeks we will begin to see the results, such that before the end of the calendar year, naira should find its true value, not the one that is being done currently in the parallel market,” Oyedele said.

https://moneycentral.com.ng/exclusive/article/naira-to-reach-fair-value-of-750-by-year-end-2023-oyedele/

We are waiting for the 750 per Dollar ooooo

I stand with the JAGABAN Borgu the City Boy Extraordinaire

I predicted 1300 and I was right ..when we tell you most of these clowns know nothing we know what we are saying

MCentral:
https://i0.wp.com/moneycentral.com.ng/wp-content/uploads/2023/06/Dollars-1.jpg?w=720&ssl=1

Nigeria is planning to introduce new foreign exchange rules — including a crackdown on illegal currency trading — that it hopes will result in the naira appreciating to its fair value by year-end, 2023.

The government sees a “fair price” for the dollar at 650 to 750 naira, Taiwo Oyedele, chair of the presidential committee on fiscal policy and tax reforms, said in an interview with Bloomberg.

In the parallel market, the naira traded at 1,165 per dollar on Monday.

The government plans to clear a backlog of dollar demand estimated at about $6.7 billion, bolster the naira forward market, and set transparent rules for the operations of the official market, Oyedele said.

It also aims to expand the official market to include all legitimate transactions, while snuffing out the illicit “black market” for foreign currency, he said.

“We think all of that will happen before December, and maybe in a matter of a couple of weeks we will begin to see the results, such that before the end of the calendar year, naira should find its true value, not the one that is being done currently in the parallel market,” Oyedele said.

https://moneycentral.com.ng/exclusive/article/naira-to-reach-fair-value-of-750-by-year-end-2023-oyedele/

Mumudele

If I say agbado you say ronu...

Agbado

Bump

Oyedele, where are you?

We are now in October 2024 .The naira is trading (against the USD) at more than twice your projected 'fair value'. That is an excess of over 100% depreciation more than you forecast in 2023.

What say ye?

jonsn:
Maybe at the banks only.
But how does the government truly ensure adequate supply? Because, without adequate supply, wishes will be horses.

There is adequate supply the government is just manipulating the price ,it is artificial, now that they have seen their foolery maybe they want to do some thing about it
Their ogbon sodiq no work

Just put 1 in front of 750

mightyhaze:
Just put 1 in front of 750

Na on God we dey oOoOO

lamba