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Nairaland Forum / Nairaland / General / Business / Nigeria Has 11 Different Exchange Rates To The US Dollar (900 Views)
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Nigeria Has 11 Different Exchange Rates To The US Dollar by sosy25: 1:26pm On Mar 05, 2017 |
I was reading a story in Vanguard newspaper about how the forex policy of the Central Bank of Nigeria (CBN) affects Nigerian students in diaspora. Then I got to where 11 different rates of the naira to the US Dollar were listed; "The different Naira/Dollars exchange rates in Nigeria as at February 21, 2017 are as follows; 1. Pilgrims rate N197/$ 2. PPPRA Model rate N285/$ 3. Budget 2017 rate 305/$ 4. Interbank rate N315/$ 5. International bank rate N319/$ 6. Travelex rate N345/$ 7. Special funds airlines N355/$ 8. Western Union rate N375/$ 9. School fees/BTA N378/$ 10. Bureaux de change N380/$ 11. Black market N520/$ I don't think there is any country in this world that has so many exchange rates to the US Dollar. Source - http://www.vanguardngr.com/2017/03/cbn-new-forex-policy-affects-students-diaspora/ |
Re: Nigeria Has 11 Different Exchange Rates To The US Dollar by Cihegie(m): 1:27pm On Mar 05, 2017 |
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Re: Nigeria Has 11 Different Exchange Rates To The US Dollar by psucc(m): 1:42pm On Mar 05, 2017 |
When CHANGE is in control, nothing remains the same. |
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