₦airaland Forum

This was how Much the Nigeria naira traded against the dollar in the past.


https://x.com/NigeriaStories/status/1983847896123412717

Was it trading freely like in an open market or it was being regulated to achieve the most desirable values per time?

This is a case of data analysis out of context if your aim is to criticize floating.

CodeTemplarr:
Was it trading freely like in an open market or it was being regulated to achieve the most desirable values per time?
.

Does it matter whether it was trading freely or not when I can get my goods cheaper?

Even now you claim it's trading freely, is it obtainable freely in the banks as advertised by your government?

Wuruwuru people

vanbonattel:
Does it matter whether it was trading freely or not when I can get my goods cheaper?

Even now you claim it's trading freely, is it obtainable freely in the banks as advertised by your government?

Wuruwuru people

The exchange rate is not an advert of foreign currency availability. As a merchant, you can run an ad for clearance sales. It doesnt mean you are guaranteeing endless supplies.

See how worthless the naira has increasingly became over the years especially under the last 2 otondos who have bastardized it the more. Then the APC said; "Is 1$ = #216 ok?" Today, they want sane people to accept 1$ = #1400 as ok too right?

Forward ever, backward never

In the current Aso Rock it is backwards ever, forwards never

helinues:
Forward ever, backward never

Racoon:
See how worthless the naira has increasingly became over the years especially under the last 2 otondos who have bastardized it the more. Then the APC said; "Is 1$ = #216 ok?" Today, they want sane people to Accept 1$ = #1400?

Pdp met naira to dollars at 22 naira and within one year of democracy took it to 85 naira , but to you apc is the problem 😉

benardtotti:
Pdp met naira to dollars at 22 naira and within one year of democracy took it to 85 naira , but to you apc is the problem 😉

It was the military admin then at the time in 1999 that took it to N85!