The Magic Is Working, Dollar Crashed To 400! - Business

The Magic Is Working, Dollar Crashed To 400! - Business - Nairaland

Nairaland Forum › Nairaland General › Business › The Magic Is Working, Dollar Crashed To 400! (1097 Views)

The Magic Is Working, Dollar Crashed To 400! by Boyoorisha(op): 2:18pm On Mar 22, 2017

The Central Bank Intervention is performing wonders as Naira gained heavily withing days! It is going to crash further in coming days

Re: The Magic Is Working, Dollar Crashed To 400! by ealtutu: 2:21pm On Mar 22, 2017

Let's see whether it will be sustained in this great country called naija .

Re: The Magic Is Working, Dollar Crashed To 400! by Boyoorisha(op): 2:24pm On Mar 22, 2017

ealtutu:
Let's see whether it will be sustained in this great country called naija .

All else being equal, it should. The country's foreign reserve has hit 31 billion USD, the price of crude is on the increase and so is the output. The CBN can afford to pump more Dollars into circulation

1 Like

Re: The Magic Is Working, Dollar Crashed To 400! by Damibiz(m): 2:27pm On Mar 22, 2017

I believe in This country called Nigeria

2 Likes

Re: The Magic Is Working, Dollar Crashed To 400! by madridguy(m): 2:31pm On Mar 22, 2017

Alihamdulilahi.

Re: The Magic Is Working, Dollar Crashed To 400! by Nobody: 2:35pm On Mar 22, 2017

Op, here in Singer market the price of carton of mosquito coil has reduced by 700.

I just de surprise.

2 Likes

Re: The Magic Is Working, Dollar Crashed To 400! by masterpiece86: 2:38pm On Mar 22, 2017

Their is hope at the end of the tunnel.
#Ipobs and #Wailers won't like this.....

Re: The Magic Is Working, Dollar Crashed To 400! by DocHMD: 2:44pm On Mar 22, 2017

Collecting dollars from your reserve and throwing it at the exchange rate to shore up the naira remains an articificial solution to the deep problem.

For how long will you keep throwing dollars at the problem, 2 years? 5 years?, 10 years?

All things being equal nothing will stop the naira from becoming 800/1$ by 2019. We may prefer to deodorize the situation and deceive ourselves but this is just reality.

Re: The Magic Is Working, Dollar Crashed To 400! by 989900: 2:55pm On Mar 22, 2017

DocHMD:
[s]Collecting dollars from your reserve and throwing it at the exchange rate to shore up the naira remains an articificial solution to the deep problem.

For how long will you keep throwing dollars at the problem, 2 years? 5 years?, 10 years?

All things being equal nothing will stop the naira from becoming 800/1$ by 2019. We may prefer to deodorize the situation and deceive ourselves but this is just reality.[/s]

Re: The Magic Is Working, Dollar Crashed To 400! by Boyoorisha(op): 3:19pm On Mar 22, 2017

DocHMD:
Collecting dollars from your reserve and throwing it at the exchange rate to shore up the naira remains an articificial solution to the deep problem.

For how long will you keep throwing dollars at the problem, 2 years? 5 years?, 10 years?

All things being equal nothing will stop the naira from becoming 800/1$ by 2019. We may prefer to deodorize the situation and deceive ourselves but this is just reality.

It has been like that for ages.

Re: The Magic Is Working, Dollar Crashed To 400! by Boyoorisha(op): 3:35pm On Mar 22, 2017

Now I pity those greedy car dealers grin

Re: The Magic Is Working, Dollar Crashed To 400! by HAH: 4:06pm On Mar 22, 2017*

DocHMD:
Collecting dollars from your reserve and throwing it at the exchange rate to shore up the naira remains an articificial solution to the deep problem.

For how long will you keep throwing dollars at the problem, 2 years? 5 years?, 10 years?

All things being equal nothing will stop the naira from becoming 800/1$ by 2019. We may prefer to deodorize the situation and deceive ourselves but this is just reality.

By God's grace your prophecy will not materialize infact dollar will be at least N250.

As long as we sell crude at above $50 and there is peace in Niger delta dollar will keep crashing. Hoarders will cry, saboteurs will have high bp

1 Reply

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