Naira Crashes To N285/$1 At Interbank Market - Business (2)

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Naira Crashes To N285/$1 At Interbank Market - Business (2) - Nairaland

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Re: Naira Crashes To N285/$1 At Interbank Market by nsiazu: 2:02pm On May 31, 2016

Re: Naira Crashes To N285/$1 At Interbank Market by amtaken(f): 2:03pm On May 31, 2016

I wonder why APC didn't adopt this sentence during the election.

EbukaLive:
It MUST get WORSE before it can get BETTER. If it doesn't get WORSE it cannot get BETTER. Nigerians should be patient with my President...

2 Likes

Re: Naira Crashes To N285/$1 At Interbank Market by ikombe: 2:03pm On May 31, 2016

E go soon beta grin

Make i no go hear say e reach 355 tomorrow oh undecided

Re: Naira Crashes To N285/$1 At Interbank Market by vizkiz: 2:06pm On May 31, 2016

anonimi:

There is change already.
Question is- what manner of change?

www.nairaland.com/attachments/2186225_change_jpeg_jpeg94b34b227702fbe5c47290c95691a634

#sighs...this country is killing me

2 Likes

Re: Naira Crashes To N285/$1 At Interbank Market by Gkemz: 2:07pm On May 31, 2016

Whether naira is devalued or not it won't have a reasonable impact on the economy when the inflation rate is increasing at an alarming rate. Prices of commodities skyrocketing everyday. Last week i drove to market to purchase what i purchased last year, i realised that the price has increased by 100%. Not as if salary has increased. Just within one year in office our economy has suffered so much setbacks and our incompetent ministers are there gallivanting while our ineffective president has been touring nations with our wealth.

4 Likes

Re: Naira Crashes To N285/$1 At Interbank Market by erico2k2(m): 2:08pm On May 31, 2016

rusher14:
Exporters are laughing all the way to the bank.

Only of you get paid in $

3 Likes

Re: Naira Crashes To N285/$1 At Interbank Market by TheGoodJoe(m): 2:08pm On May 31, 2016

amtaken:
I wonder why APC didn't adopt this sentence during the election.

Why did PDP not adopt...

WE WILL CHOP YA MONEY

as its Slogan.

1 Like

Re: Naira Crashes To N285/$1 At Interbank Market by EbukaLive(m): 2:09pm On May 31, 2016

amtaken:
I wonder why APC didn't adopt this sentence during the election.

Because you don't undersell yourself. It is impossible. When you are looking for a job, searching for a life partner or looking for a one night stand. It is when you enter that you try to manage the realities... Moreover, this economic reality is due to our monoeconomy...

Re: Naira Crashes To N285/$1 At Interbank Market by Pyno30: 2:25pm On May 31, 2016

dav8id:

so, what the is whole story mean? dollar rate go down against naira or what?

Where you trying to type English?

1 Like

Re: Naira Crashes To N285/$1 At Interbank Market by ypeace: 2:27pm On May 31, 2016

rusher14:
Exporters are laughing all the way to the bank.

Please what does Nigeria export ( apart from petroleum) and where are they exporting to?

1 Like

Re: Naira Crashes To N285/$1 At Interbank Market by anonimi: 2:35pm On May 31, 2016

Lilimax:
All things are possible to him that believes
#absolutefaithinmyMaker

Is Buhari your maker?
Did you not read where the Bible said faith without WORKS is death

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Re: Naira Crashes To N285/$1 At Interbank Market by wordychap: 2:40pm On May 31, 2016

bizgenius1:
[b]

The new policy also means that banks and Bureau De Change (BDC) operators will have to source forex autonomously and sell according to market dynamics.

With this expect d banks to deny having dollars to sell at N287 and BDC sell at d present price of N380(still rising)

2 Likes

Re: Naira Crashes To N285/$1 At Interbank Market by signz: 2:50pm On May 31, 2016

Please guys i am not an economist. Does it mean our currency has been floated?

Re: Naira Crashes To N285/$1 At Interbank Market by davide470(m): 2:54pm On May 31, 2016

Lilimax:
More like it!

What's your view?

Re: Naira Crashes To N285/$1 At Interbank Market by tsdarkside(m): 3:16pm On May 31, 2016

wait....i dont get it..is this now the official rate or black-market rate...??

black market rate was more higher than this before #300 and something.............. undecided

1 Like

Re: Naira Crashes To N285/$1 At Interbank Market by Onlymewakacum(m): 3:30pm On May 31, 2016

amtaken:
I wonder why APC didn't adopt this sentence during the election.

We shall continue the countdown till 2019

Re: Naira Crashes To N285/$1 At Interbank Market by Jacko1(m): 3:35pm On May 31, 2016

This naira crashing or appreciating. Can confuse person

Crash against dollar is a gud thing right

Re: Naira Crashes To N285/$1 At Interbank Market by erico2k2(m): 3:42pm On May 31, 2016

tsdarkside:

wait....i dont get it..is this now the official rate or black-market rate...??

black market rate was more higher than this before #300 and something..............

Official black mkt rate grin

1 Like

Re: Naira Crashes To N285/$1 At Interbank Market by erico2k2(m): 3:43pm On May 31, 2016

Jacko1:
This naira crashing or appreciating. Can confuse person

Crash against dollar is a gud thing right

Nop means the Naira lost value

Re: Naira Crashes To N285/$1 At Interbank Market by erico2k2(m): 3:44pm On May 31, 2016

Onlymewakacum:

We shall continue the countdown till 2019

By then it might be N1000

Re: Naira Crashes To N285/$1 At Interbank Market by tsdarkside(m): 3:54pm On May 31, 2016

erico2k2:

Official black mkt rate

isnt that good news??....

Re: Naira Crashes To N285/$1 At Interbank Market by tsdarkside(m): 3:58pm On May 31, 2016

we nigerians are crazy...two types of rates....only a thief operates like nigeria...today like this,tommorow different.....crazy...

i dont know any other nation of the world that as two different exchange rates....crazy.......i only know,buy from the bank-sell to the bank..sometimes the buy/sell rates is not much different.........ähhhhhhhh

?....

why are we allowing this??....

Re: Naira Crashes To N285/$1 At Interbank Market by stevecantrell: 4:06pm On May 31, 2016

DrSuleiman100:
Is it not getting better

Or what does that mean??

MacroEconomics was never one of my strengths in school.....i hope the experts will come explain the full implications of this.

Re: Naira Crashes To N285/$1 At Interbank Market by grandstar(m): 4:06pm On May 31, 2016

It's obvious the CBN has lost its independence.

The CBN needs Buhari;s go ahead to get things done grin

2 Likes

Re: Naira Crashes To N285/$1 At Interbank Market by OHIsIManuEL(m): 4:22pm On May 31, 2016

buzquet:
Nigeria will be back for real. Everything has it up and down time. Nigeria will be great again

i hope we will be alive to see it undecided

Re: Naira Crashes To N285/$1 At Interbank Market by Yabaleft: 4:25pm On May 31, 2016

Can economic and financial experts explain this mumbo jumbo in terms of changing forex please?
Does this mean it's better to change dollars to naira now?

Re: Naira Crashes To N285/$1 At Interbank Market by amtaken(f): 4:47pm On May 31, 2016

There was no 'monoeconomy' when they were making all the promises?

SMH.

EbukaLive:

Because you don't undersell yourself. It is impossible. When you are looking for a job, searching for a life partner or looking for a one night stand. It is when you enter that you try to manage the realities... Moreover, this economic reality is due to our monoeconomy...

Re: Naira Crashes To N285/$1 At Interbank Market by amtaken(f): 4:49pm On May 31, 2016

This is not a nursery school. Hope your owners know that.

TheGoodJoe:

Why did PDP not adopt...

WE WILL CHOP YA MONEY

as its Slogan.

2 Likes

Re: Naira Crashes To N285/$1 At Interbank Market by erico2k2(m): 4:54pm On May 31, 2016

tsdarkside:

isnt that good news??....

Well not realy
But it means Nigerians will see how deceptive the CBN and FG had been

Re: Naira Crashes To N285/$1 At Interbank Market by erico2k2(m): 4:57pm On May 31, 2016

tsdarkside:

we nigerians are crazy...two types of rates....only a thief operates like nigeria...today like this,tommorow different.....crazy...

i dont know any other nation of the world that as two different exchange rates....crazy.......i only know,buy from the bank-sell to the bank..sometimes the buy/sell rates is not much different.........ähhhhhhhh?....

why are we allowing this??....

Nah they FG + CBN are confused

2 Likes

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