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Nairaland Forum / Nairaland / General / Business / CBN Signals End To Official Rate Regime For Naira (29147 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 Ugosample(m): 5:44pm On Jun 13, 2019 |
bigpicture001: interesting analysis you and nwanneni got there only if there were more folks like us on this forum instead of talking tribalism 1 Like |
Re: CBN Signals End To Official Rate Regime For Naira by Ugosample(m): 5:48pm On Jun 13, 2019 |
OfficialAPCNig: You have to 1 Like |
Re: CBN Signals End To Official Rate Regime For Naira by Ugosample(m): 5:50pm On Jun 13, 2019 |
Billy0naire: interesting perspectives you got there |
Re: CBN Signals End To Official Rate Regime For Naira by Ugosample(m): 5:53pm On Jun 13, 2019 |
AgamaProf: it's not really about the exports per se But productivity Boosting productivity in Nigeria will boost the currency and the economy many people live lavish lives in Nigeria but add zero productivity to the economy The two key functions of money is Store of value Measure of value But if there is no value to measure or no value to store, the currency is useless and THAT is precisely the predicaments of Nigeria not really the imports per se |
Re: CBN Signals End To Official Rate Regime For Naira by Nobody: 6:04pm On Jun 13, 2019 |
Ugosample:bro you know most of these tribalists are just Homebase people.dem no dey waka lol |
Re: CBN Signals End To Official Rate Regime For Naira by bigpicture001: 8:55pm On Jun 13, 2019 |
Ugosample: Thanks man...am also attracted and comments on economic news 1 Like |
Re: CBN Signals End To Official Rate Regime For Naira by Nobody: 11:20pm On Jun 13, 2019 |
Joromi12: Go buy am back. |
Re: CBN Signals End To Official Rate Regime For Naira by Nobody: 1:10am On Jun 14, 2019 |
Ugosample: What is productivity?.....it's basically GDP. If GDP increases, import will reduce. It's still export. We will attract more fpi and fdi. We need to export more to attract forex. GDP=less import=more export. In any analysis, it is often advised that one should avoid using both GDP and export because they might co-move or have a positive correlation. Export is based on GDP. |
Re: CBN Signals End To Official Rate Regime For Naira by Ugosample(m): 7:53am On Jun 14, 2019 |
AgamaProf: there are countries with high productivity but negative net exports hope you know that.... 1 Like |
Re: CBN Signals End To Official Rate Regime For Naira by agabusta: 9:01am On Jun 14, 2019 |
dadavivo: Why couldnt Jonathan return the prices of everything the way they were before he left? Or did he meet dollar at 230 naira in 2010? |
Re: CBN Signals End To Official Rate Regime For Naira by Nobody: 9:51am On Jun 14, 2019 |
[quote author=Ugosample post=79314522] there are countries with high productivity but negative net exports hope you know that.... Yeah I know....but why do you think they devalue Naira if it's all about productivity alone. Devaluation will increase the amount of Naira it will take to import. So devaluation is to encourage local production and discourage import. When you increase production to optimal level, then prices will fall. But the point am trying to drive at is that, what we are discussing is exchange rate issue and if that is the case, then we are faced with global trade. Then we begin to ask, at what rate does the Naira exchange for the dollar?...this is pure balance of payment issue not merely production. So, basically, what I was trying to say is that the GDP is a major driver of everyother macroeconomic variables, it drives inflation, exchange rate even the market index. So at the level where production is centred at meeting only local production, GDP drives inflation. That is, price of goods will fall. But at the level where production is aimed at export, that is a point beyond local production, GDP drives exchange rate. |
Re: CBN Signals End To Official Rate Regime For Naira by Nobody: 2:02pm On Jun 15, 2019 |
InvertedHammer:I sent u a PM sir. Please check 1 Like 1 Share |
Re: CBN Signals End To Official Rate Regime For Naira by Alejobs: 3:07pm On Jun 16, 2019 |
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