₦airaland Forum

Let me know if this will continue so I can quickly change my 50 dollars life savings in my dollar account before my dollars become useless 😏😏☹️

u better do now b4 it crash patapata.EMILOKLKAN IS WORKING

With the way things are going, the USD seems to be doomed.

With US debt, tariffs and fiscal deficit, it seems doom is certain. A big global shift happening and only few noticing it.

MaziObinnaokija:
u better do now b4 it crash patapata.EMILOKLKAN IS WORKING

cardoso want to useless my dollars patapata ☹️ hmm

topic created for agbero union members stay clear if you are not

CoronaVirusPro:
With the way things are going, the USD seems to be doomed.

With US debt, tariffs and fiscal deficit, it seems doom is certain. A big global shift happening and only few noticing it.

hmm you are talking. So what do you suggest I do with my dollars ? I am enjoying your input. Brilliant

ogolemati:
topic created for agbero union members stay clear if you are not

Ogolemati you and this your animal 🤣🤣

Dollar is not crashing instead Naira is gaining against the dollar

Okoroawusa:
Dollar is not crashing instead Naira is gaining against the dollar

I just checked it now it's crashing

Okoroawusa:
Dollar is not crashing instead Naira is gaining against the dollar

Oh ok I see what you mean. Is it progressive and permanent?

CoronaVirusPro:
With the way things are going, the USD seems to be doomed.

With US debt, tariffs and fiscal deficit, it seems doom is certain. A big global shift happening and only few noticing it.

Go change your small N30k payment to Rubble and it will turn to rubbles.

I noticed this too. I am not even sure if this is good news or not🥲🥲 most of my employers are outside Nigeria🥲

If you think it's Tinubu
U are likely to vote Buhari if he wakes from death to contest next election

Apogee14:
Ogolemati you and this your animal 🤣🤣

una union agbero mod no gree me reply you will

Apogee14:
Let me know if this will continue so I can quickly change my 50 dollars life savings in my dollar account before my dollars become useless 😏😏☹️

Propaganda from this current government will not save the economy. How much was dollar before the APC came onboard? So no, is the Naira that is crashing!

The current crop of leaders at government levels all have questionable characters, we have a flawed judiciary and lawless NASS. We keep playing, soon the chicken will come home to roost!

Lmao.

Because we are now exporting more than exporting. The pressure on dollar demand is reducing

SouthSouth1914:
Propaganda from this current government will not save the economy. How much was dollar before the APC came onboard? So no, is the Naira that is crashing!

The current crop of leaders at government levels all have questionable characters, we have a flawed judiciary and lawless NASS. We keep playing, soon the chicken will come home to roost!

There is nothing like propaganda except if you don't know basic economy. Since subsidy was removed from dollar, we can see the stability with dollar to naira rate as the difference with the rate within a year was less than N30 compared to when the difference was fluctuating

Apogee14:
hmm you are talking. So what do you suggest I do with my dollars ? I am enjoying your input. Brilliant

Sell it as dollar rate would likely crash further. You can see Nigeria FX reserves increasing meaning there is less pressure on dollar demand

Naira is not gaining jack against the dollar! CBN is doing exactly what the previous government did, defending the naira with little excess they are making. This is a cosmetic move that won’t last.

Banning our debit card from International transaction helped

Memberclub:
Banning our debit card from International transaction helped

It wasn't banning on debit card but banning mostly on charging foreign currency. Most websites now convert the bills in Naira

“As they gather in mischief, so shall they scatter in disgrace.”

Memberclub:
Banning our debit card from International transaction helped

Same has been enabled for international transactions

December loading... save your dollars during ember month..

Its very simple if you keep up with world trends as related to the us dollar you will know that The USA might face a financial crisis "next week" if the President and Congress fail to agree on raising the debt ceiling because the government would run out of cash to pay its obligations.
Simply because america has been running on reserve and as such the country has run out of money to keep the economy going in circle
This would not be because the country is inherently bankrupt, but because it would be forced into a technical default on its debts, an event that would have catastrophic and immediate consequences for the US and global economy.
The president will be meeting with the house of Representatives next week to see if the house will approve an extra spending limit and if the house approves the bill for spending the dollar will regain its strength immediately but if the house rejects the dollar will continue to plunge even down and down. But from multiple experience the house has always approved for extra spending so they might just go ahead and approve it and more borrowing power will be giving and more money will be circulating into America's economy and the dollar will gain its rise. The standoff is a high-stakes game of political chicken over the nation's creditworthiness. So if I was you if you have spare money as to invest just have it at arms length and follow the news by nextweek Tuesday not sure the exact time but as soon as the house approves of trumps request immediately put all your free money to buy all the $$$ you can and see it rise like garri soaked inside water.
As of today tomorrow and maybe Monday the $$$ will fall a bit more. So invest wisely.

ogolemati:
topic created for agbero union members stay clear if you are not

helinues:
Because we are now exporting more than exporting. The pressure on dollar demand is reducing

What are we exporting? It’s not everything you must chuck mouth in. Just sit some things out.

Kimo21:
What are we exporting? It’s not everything you must chuck mouth in. Just sit some things out.

We are exporting more crude, more refined petroleum products, fertilizer, manufactured goods, agric products etc

Kimo21:
What are we exporting? It’s not everything you must chuck mouth in. Just sit some things out.

Unfortunately for you, you are just outdated a out the import and export statistics in Nigeria. Go and check the latest released statistics before arguing blindly