What's Up With The China Currency Swap Deal? - Business - Nairaland
Nairaland Forum › Nairaland General › Business › What's Up With The China Currency Swap Deal? (699 Views)
| What's Up With The China Currency Swap Deal? by excanny(op): 1:07pm On Sep 11, 2016 |
It was meant to prevent rising commodity prices. Prices of consumer goods continue rising exponentially as dollar increases against the naira. What happened? |
| Re: What's Up With The China Currency Swap Deal? by SUPERPACK: 1:11pm On Sep 11, 2016 |
excanny:the chinese yuan is also falling to the dollars, and is even more unstable than naira in value, hence it will have no effect if we turn to it. www.siasat.com/news/chinese-yuan-weakens-friday-1015929/ |
| Re: What's Up With The China Currency Swap Deal? by eyeview: 1:31pm On Sep 11, 2016 |
Most of you are yet to realize that we are running a 'trial and error' govt. No clear economic policy direction |
| Re: What's Up With The China Currency Swap Deal? by excanny(op): 1:43pm On Sep 11, 2016 |
SUPERPACK:Article says it was a controlled weakening of 2%, not a continuous fall. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by two per cent from the central parity rate each trading day, Xinhua news agency reported. |
| Re: What's Up With The China Currency Swap Deal? by Kylekent59: 1:49pm On Sep 11, 2016 |
When u try and it fails it becomes trial and error method. Oga go sleep APC na scam |
| Re: What's Up With The China Currency Swap Deal? by excanny(op): 1:52pm On Sep 11, 2016 |
As at 11/9/16, 1 US dollar = 6.6966 Chinese yuan. |
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