I noticed on the other thread that most Nigerians believe only BDCs sell the dollar at high rates. They think banks sell at N199 because of those things they display in their halls.
Most banks sell above N230 and will go higher going into the week!
If you didn't know, now you know.


Lalasticlala let the people know.

I want to believe you but do you have proofs?

I have always believed banks sell at the rate displayed in the hall.

Djicemob:
I want to believe you but do you have proofs?

I have always believed banks sell at the rate displayed in the hall.

I do back chartey up on this. Online use of my card online is always in the 230/240 region and that was before this week. The banks have been shooting up their rates because the BDCs do not run at the CBN rates and since most individual purchasers use them they as well feel 'why not'.

Forex works with the economics law of demand and supply. Since the higher demand is on the BDCs, they can keep upping the price as long as they are the men of the Dark Market. illegitimate transactors find them as a source of ready launderable cash as they do not want their monies to pass through the banking system where it would be recorded. Once the CBN can control the Black Market by making it illegal once and for all and force all forex transactions into the banking system all the illegal transactions would fall and less demand for the dollars would give way to lower rates.

Banks have a lot to lose if they mess up

Pls op, does banks sell dollar notes cash? If yes, which can you recommend?

Djicemob:
I want to believe you but do you have proofs?

I have always believed banks sell at the rate displayed in the hall.

Just call your bank customer care to ask for their rate for today.

As in eh, this dollar stuffs not funny at all. Did a transaction with my Stanbic Mastercard Yesterday & I was charged #235 per dollar. As at last week Wednesday when i used it, it was #220. The way it sky rocketed baffles me

Lordtrillion:
As in eh, this dollar stuffs not funny at all. Did a transaction with my Stanbic Mastercard Yesterday & I was charged #235 per dollar. As at last week Wednesday when i used it, it was #220. The way it sky rocketed baffles me

And that's one of the lowest.

Chartey:
I noticed on the other thread that most Nigerians believe only BDCs sell the dollar at high rates. They think banks sell at N199 because of those things they display in their halls.
Most banks sell above N230 and will go higher going into the week!
If you didn't know, now you know.


Lalasticlala let the people know.

Sir bank don't sell cash... so what are you looking for?