What If I Walked Into Barclays UK With N500000? - Business - Nairaland
Nairaland Forum › Nairaland General › Business › What If I Walked Into Barclays UK With N500000? (727 Views)
| What If I Walked Into Barclays UK With N500000? by aloeman15(op): 11:00am On Feb 20, 2016 |
No dollar abi? Ok now. But banks in the abroad no dey unda cbn. So what if i cari half milla cash naira enta uk bank. I com say "change am to dolla"? Wetn go hapn? Una cari go. Cc- obiagelli, 989900, firefire, lalasticlala, mynd44, LRNZH |
| Re: What If I Walked Into Barclays UK With N500000? by LRNZH(m): 11:04am On Feb 20, 2016 |
aloeman15:Foreign banks and money exchange houses don't accept Naira as far as I am aware. Simply because Naira is not a 'hard currency'. Maybe there are special cases and someone can enlighten us on this. |
| Re: What If I Walked Into Barclays UK With N500000? by puskin(mod): 11:05am On Feb 20, 2016 |
Carry am go nah. You will tell me when banks in UK started accepting currencies other than GBP or EURO. |
| Re: What If I Walked Into Barclays UK With N500000? by dennisworld1(m): 11:14am On Feb 20, 2016 |
our currency has no value over seas. |
| Re: What If I Walked Into Barclays UK With N500000? by 989900: 11:24am On Feb 20, 2016 |
You will be arrested at MMA. 1. It is illegal to carry that much Naira outside the country. 2. Naira is not an internationally acceptable currency, no international financial instituition will accept it from you -- maybe your friends. |
| Re: What If I Walked Into Barclays UK With N500000? by LRNZH(m): 11:29am On Feb 20, 2016 |
989900:On No. 1, is it really illegal? I assumed you only have to declare the sums of cash you are carrying. Of course N500,000 is not much but let us say a traveller carrying a ridiculous amount of say N500 M in cash. |
| Re: What If I Walked Into Barclays UK With N500000? by aloeman15(op): 11:30am On Feb 20, 2016 |
You people are such killjoys.
See topic wey una for take laf small, drop small yabs... E don bad rish lyk dat? |
| Re: What If I Walked Into Barclays UK With N500000? by 989900: 11:33am On Feb 20, 2016 |
LRNZH:It is illegal. You can do that though in foreign currency (up to $5k or $10k or equivalent forex). |
| Re: What If I Walked Into Barclays UK With N500000? by suyamasta(m): 11:44am On Feb 20, 2016 |
very good point op, there seems to be a disconnect with regards to convertibility of currencies in the global financial system |
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