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Nairaland Forum / Nairaland / General / Business / CBN Signals End To Official Rate Regime For Naira (29146 Views)
Get USD at official rate of CBN. Read T/C / FG Mulls Unified Naira Exchange Rate Regime / Central Bank Starts Uniform Exchange Rate For Naira, Now ₦380 To $1 (2) (3) (4)
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Re: CBN Signals End To Official Rate Regime For Naira by grandstar(m): 7:11am On Jun 13, 2019 |
This is good news. I suspect Buhari may now be more market friendly now that he's in his last term as president 2 Likes |
Re: CBN Signals End To Official Rate Regime For Naira by Nbote(m): 7:13am On Jun 13, 2019 |
nwanneni: Baba I don inbox U ooo.. Abeg gist me how |
Re: CBN Signals End To Official Rate Regime For Naira by funsho75(m): 7:14am On Jun 13, 2019 |
Re: CBN Signals End To Official Rate Regime For Naira by SonsOfLiverpool(m): 7:14am On Jun 13, 2019 |
This is bad oh |
Re: CBN Signals End To Official Rate Regime For Naira by Nobody: 7:15am On Jun 13, 2019 |
Nbote:na export na.When my money dey return to the country e go large scatter |
Re: CBN Signals End To Official Rate Regime For Naira by NwaJozi: 7:15am On Jun 13, 2019 |
I hope they know they are doing |
Re: CBN Signals End To Official Rate Regime For Naira by Nobody: 7:15am On Jun 13, 2019 |
This actually means they want to flood the economy with dollars again. |
Re: CBN Signals End To Official Rate Regime For Naira by Nobody: 7:16am On Jun 13, 2019 |
aaronson:how |
Re: CBN Signals End To Official Rate Regime For Naira by dingbang(m): 7:18am On Jun 13, 2019 |
Going to buy dollars |
Re: CBN Signals End To Official Rate Regime For Naira by Nobody: 7:19am On Jun 13, 2019 |
After i sold my dollars. Una dey mad |
Re: CBN Signals End To Official Rate Regime For Naira by contigiency(m): 7:19am On Jun 13, 2019 |
dadavivo: I wanted to concur with you but I had to do a small research and found out that Jonathan too could not return a lot of things including the exchange rate, prices of commodities, foreign reserve etc to the level the previous regime before him handed over to him. And that no president since 1999 left anything better or even the same when they took over except foreign reserve which Obasanjo took to 65 billion dollars but got squandered by Yara dua and Jonathan's governments. Buhari is now building the reserve now as it has gotten to 45 billion dollars as against the 28 billion dollars Jonathan left it. 7 Likes |
Re: CBN Signals End To Official Rate Regime For Naira by Nobody: 7:20am On Jun 13, 2019 |
nwanneni:how can naira find it's value when they lift it's pegged rate on some sectors? This will only depreciate the naira and appreciate the use of dollar more hence flooding the economy with dollars. 1 Like |
Re: CBN Signals End To Official Rate Regime For Naira by Nobody: 7:21am On Jun 13, 2019 |
Joromi12:start buying them back, i see crisis looming. Now i believe CBN is the cause of our problems not the economy. 1 Like |
Re: CBN Signals End To Official Rate Regime For Naira by Nobody: 7:23am On Jun 13, 2019 |
Sinach0191:increasing the earning power of naira. Lets say we export oil 10m. We buy products 12m. Per year. The value drops. Now lets begin to export more things and buy less foreign products. To make it 15m to 10m. The value rises 6 Likes |
Re: CBN Signals End To Official Rate Regime For Naira by adanny01(m): 7:24am On Jun 13, 2019 |
dadavivo: If your post is in good fate, do the same comparison of 2010-2015 as well as the crude oil price in both periods since our economy is oil dependant. Also, dont forget the FX reserve which is the back bone of this import dependant country. When you do that, lets come back and talk. 1 Like |
Re: CBN Signals End To Official Rate Regime For Naira by Nobody: 7:25am On Jun 13, 2019 |
bigstan11787:dummy it can't! That's why they playing games with it for the elites to rake in money via cbn and bureau de change, then when dollar saturates the economy and causes inflation, we kick out dollar again, Naira will appreciate again by then they would have made money off dollar sales. Can you now understand the game? |
Re: CBN Signals End To Official Rate Regime For Naira by bigpicture001: 7:27am On Jun 13, 2019 |
Sinach0191: Simply increase your forex supply to surpass forex demand....forex means foreign currency 2 Likes |
Re: CBN Signals End To Official Rate Regime For Naira by bigpicture001: 7:28am On Jun 13, 2019 |
aaronson: All u said are ur personal propaganda....u didn't answer the question 2 Likes |
Re: CBN Signals End To Official Rate Regime For Naira by Sinach0191(m): 7:28am On Jun 13, 2019 |
Joromi12: Nice I don't think this government will listen |
Re: CBN Signals End To Official Rate Regime For Naira by yinkeys(m): 7:29am On Jun 13, 2019 |
I just won't be surprised if the cabal have bureau de change business across the country. 2 Likes |
Re: CBN Signals End To Official Rate Regime For Naira by lastempero: 7:30am On Jun 13, 2019 |
At the other side we wait for it to reach 500 naira,we must hammer this yr |
Re: CBN Signals End To Official Rate Regime For Naira by mankand(m): 7:31am On Jun 13, 2019 |
Reality just dawn on Nigeria between 2019-2023. Brace up, Las Las sense go come the head of 16, 671,430 who voted for him again |
Re: CBN Signals End To Official Rate Regime For Naira by Nobody: 7:32am On Jun 13, 2019 |
bigpicture001:he kept on spitting crap.i thought I was the only one who noticed. 1 Like |
Re: CBN Signals End To Official Rate Regime For Naira by tiwiex(m): 7:32am On Jun 13, 2019 |
contigiency: He also increased our debt by over 20b dollars which makes the foreign reserve argument pointless. 4 Likes 1 Share |
Re: CBN Signals End To Official Rate Regime For Naira by Nobody: 7:32am On Jun 13, 2019 |
Sinach0191:Ok here is what you don't understand, it's appreciating now but FG is about to make it compete with the US dollar in our own economy, that is the meaning of that news you just read. When USD competes with naira, USD always wins but before you know it people who can only access these dollars cheaply from CBN would have made billions, so can you understand how the game is being played. One time sanusi said, he can make billions with just his laptop from the comfort of his sitting room manipulating forex, this is what he meant. 2 Likes |
Re: CBN Signals End To Official Rate Regime For Naira by Nobody: 7:35am On Jun 13, 2019 |
aaronson:of course we know there would be lots of round tripping amongst a selected few. But is that the reason for the incoming float ?I guess not. |
Re: CBN Signals End To Official Rate Regime For Naira by Sinach0191(m): 7:35am On Jun 13, 2019 |
aaronson: I understand the game |
Re: CBN Signals End To Official Rate Regime For Naira by bigpicture001: 7:36am On Jun 13, 2019 |
This can be achieved with good results ONLY with consultation with dangote....he holds the ONLY key to nairn stability. not the president! |
Re: CBN Signals End To Official Rate Regime For Naira by Nobody: 7:37am On Jun 13, 2019 |
bigpicture001:what is that key ?the refinery right ? |
Re: CBN Signals End To Official Rate Regime For Naira by Billy0naire(m): 7:37am On Jun 13, 2019 |
This is the best time to join the Yahoo Yahoo Boys Incorporated (YYBI). I know the Yahoo Boys will smile when reading this news. Now I envy them, cos the naira is about to hit 500 naira per dollar in a few months. And they just make money while wearing only boxers in their rooms. Buhari is tired of experiments. Now is the time to know the true state of our economy. The FDIs will increase, and the economy will be better for it, but our consumer goods will face certain inflation. But we will get used to it, because it is the best thing to do. Float the currency, and force people to consume locally made products. 6 Likes |
Re: CBN Signals End To Official Rate Regime For Naira by Sinach0191(m): 7:37am On Jun 13, 2019 |
bigpicture001: Why can't they do it na |
Re: CBN Signals End To Official Rate Regime For Naira by Nobody: 7:37am On Jun 13, 2019 |
nwanneni:I also was the "i guess not" like you until some one let me in on it, this person does thier dirty work for them. |
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