stagger:


Jazes, I have a lot of respect for you on this forum. So to see you post this comment simply shows you did not understand the point being passed across. I was not comparing the Japanese, Swiss and Nigerian economies. Japan and Switzerland are export oriented, Nigeria is import oriented.

Devaluation, which is an artificial reduction in a currency's value, works for export oriented economies. It is bad for import-based economies like Nigeria.

The point of my post which I now feel I should spell out clearly before you say something more stupid than your last sentence, was to show how manipulation of exchange rate by a central bank without a shift in the underlying fundamentals will end up not working. In other words, I am saying Nigeria should change its economic fundamentals and not leave the CBN to use our precious foreign reserves to keep defending the Naira's value. How long will that last?

Pass across your message. But don't be rude or throw insults.

EgunMogaji:


Most eloquently stated.

stagger:


Jazes, I have a lot of respect for you on this forum. So to see you post this comment simply shows you did not understand the point being passed across. I was not comparing the Japanese, Swiss and Nigerian economies. Japan and Switzerland are export oriented, Nigeria is import oriented.

Devaluation, which is an artificial reduction in a currency's value, works for export oriented economies. It is bad for import-based economies like Nigeria.

The point of my post which I now feel I should spell out clearly before you say something more stupid than your last sentence, was to show how manipulation of exchange rate by a central bank without a shift in the underlying fundamentals will end up not working. In other words, I am saying Nigeria should change its economic fundamentals and not leave the CBN to use our precious foreign reserves to keep defending the Naira's value. How long will that last?

Pass across your message. But don't be rude or throw insults.

kaycodes:
I have 330 USD for sale.. Make an offer let's deal if you are in PH.

agarawu23:
baba, you dey reach here? Come sell dollar for me o

EgunMogaji:


I dey fear fear small small o my "Ogbologbo Land Owner" Brother

Not sure what I'll find on the ground on the 21st

doyinisaac:
How much did you exchange a dollar today is the title of the thread but the opposite is what we are mostly seeing on this thread...if we do not see argument about naija economy we will hear something else...we should stop derailing this thread...

mavinc4u:


My dear, I tell you. They have even graduated to plotting of graph, very soon it would be drawing of carton.

mavinc4u:

My dear, I tell you. They have even graduated to plotting of graph, very soon it would be drawing of carton.

SirJeffry:
Me too. I have an ongoing project at home and need to finish it ASAP. Just like the guy above me, I can wire it to china, here in US or any other country so far one has a legitimate bank account there. Amount for now is 50KUSD@N285. Can do half and half but not LESS than USD20K at once. Interested?, just PM. No games please.

liwan:
Alright. I'll start by giving a little info about me as I will not do business with what I have rather I will sale at the market rate or maybe cheaper.
My name is austine I live in Canada.
I have 10,000 usd @285.
If you want it in China USA canada or any country of your choice I can help send it to you via moneygram.
I have my office in Lagos as the buyer will meet with my brother at my office.
And we will go through document verification before transacting.
Interested buyer should contact me.
I will not leave my phone number but you can pm me if you want.
Have a nice day peeps.
Happy surviving.

kaycodes:
I have 330 USD for sale.. Make an offer let's deal if you are in PH.

liwan:
Alright. I'll start by giving a little info about me as I will not do business with what I have rather I will sale at the market rate or maybe cheaper.
My name is austine I live in Canada.
I have 10,000 usd @285.
If you want it in China USA canada or any country of your choice I can help send it to you via moneygram.
I have my office in Lagos as the buyer will meet with my brother at my office.
And we will go through document verification before transacting.
Interested buyer should contact me.
I will not leave my phone number but you can pm me if you want.
Have a nice day peeps.
Happy surviving.

SirJeffry:
Me too. I have an ongoing project at home and need to finish it ASAP. Just like the guy above me, I can wire it to china, here in US or any other country so far one has a legitimate bank account there. Amount for now is 50KUSD@N285. Can do half and half but not LESS than USD20K at once. Interested?, just PM. No games please.

SirJeffry:
Me too. I have an ongoing project at home and need to finish it ASAP. Just like the guy above me, I can wire it to china, here in US or any other country so far one has a legitimate bank account there. Amount for now is 50KUSD@N285. Can do half and half but not LESS than USD20K at once. Interested?, just PM. No games please.

SirJeffry:
I'm already in touch with a PM man as I'm not comfortable with people who easily give out phone number on deals.

If it doesn't go through, I'll "re-offer" again. Tnx

Sanchase:
Do not bring your fraudulent activities here, if you have no contribution to make just stay clear. Time is money for a lot of people here.

Sanchase:
Do not bring your fraudulent activities here, if you have no contribution to make just stay clear. Time is money for a lot of people here.

SirJeffry:
Sorry Sir. I have taken my fraudulent activity to someone else. I don't deal with men who can't follow simple instruction. I said PM not display one's phone number on a faceless forum like a tout.

Sanchase:
Fraudster who want to transfer $50, 000, i'm sure it is you who has been sending me email about a beneficiary of $200, 000,000.

Better luck next time.

stagger:


Bros, that my currency chart on the USDJPY is what will play out on the Naira in the next one week. I have locked all my dollars up until the next speculative attack which is already unfolding 24 hours after Ifeanyi Ubah went around boasting that he has improved the USD-Naira exchange rate. I earn dollars regularly and such information is what I use to know when to sell off my dollars or when to keep them.

Any seasoned player in the currency markets knows that what drives price movements is a combo of fear, rumours, perception and outright greed! Look at that chart well and learn o! Then you will not be swayed by all the people clapping for Ifeanyi Ubah.

philipbiotech:
Please what is today's dollar_ naira rate this morning..