Cholls:
My brother is your country that productive that will to reduction of the Dollar

My guy what gives dollar the power it has is a simple economic principle of demand and supply. Nigeria is very productive but imagine people don't store their money in dollars for sometime ie no demand for dollars much? It will come down and yes what the man said is possible

hapsattaddawus:
Dollar crash, has nothing, absolutely nothing to do with naira redesign.
It has to do with the US policy to check the stock pile of dollars in Africa. Especially Nigeria and South Africa
Stop deceiving yourself.

You deserve a chilled bear for this. These people think they are smart

In this Nigeria, just know that it's going to 2000

Sure currency redesign is part of devaluation of currency value esp. during inflation in a country. This is one of the best mechanisms the Apex bank use to encourage local investors in order to make foreign patronage expensive. Although, I don't see dollar falling to this extent as mentioned by the OP. because it can't never happen by way of the statistics at hand except miracle. I'm an Economist by the way

The value of any currency is not determined by wishful thinking.

Somebody should wake Aboki up from his slumber.

1 DOLLAR TO 200 NAIRA, STOP DREAMING SIR

ibrahimabba7:

https://dailytrust.com/naira-redesign-dollar-may-crash-to-n200-efcc-chairman

What an idiot. Trust me. USD will become #1000 before the year ends. Can't you ask why people go to BDC? Why not the bank? The little people with dollar, you are frustrating them. You will be shocked when there is no more USD in circulation. You will beg to buy #2,000.

Wait and see

Zimzy:
Economics theory of the quarter system. Lets wait to get the prove

It's ''Quota' actually.

If this happens, it will last three months maximum.

hapsattaddawus:
Dollar crash, has nothing, absolutely nothing to do with naira redesign.
It has to do with the US policy to check the stock pile of dollars in Africa. Especially Nigeria and South Africa
Stop deceiving yourself.

Off Mike abeg... Don't kill the joy of APC urchins!

BleedTears:

That he is a security personnel doesn't mean he has zero knowledge of other matters.

Someone who understands the basics of economics and on his position on financial crime can easily analyze the situation on ground regarding naira to dollars exchange rate. You don't need to go to Harvard to understand it.

In his own case, he has zero knowledge

What does he know about monetary
economics or financial policies❔❓

Everyone is just going guesswork.❗️❗️

If aboki like make him wear suit; aboki na aboki.

Carthman:
Omo see how this man just talk about dollar fall like say he get rope to draw am come down

Na African magic and juju he wan use.make we dey watch am..

Before he said it naira to dollar this morning was 789 but after that statement now dollar be 800+

Point of correction, dollar is not falling or crashing, rather it is naira that is gaining value.

Dollar remain where it has always been for a long time now.

ibrahimabba7:

https://dailytrust.com/naira-redesign-dollar-may-crash-to-n200-efcc-chairman

This is why Nigeria can never get better, imagine EFCC boss answering questions that CBN governor is supposed to be answering, what concerns EFCC and exchange rates? Public office holders will be doing someone else job instead of focusing on theirs, dollars still sells for 760 in black market so what’s this one saying?

Dumb Clueless officials running the affairs of the GIANT of Africa.I still dont understand how redesigning the naira will affects its value viz a vis dollar exchange rate

Naira redesign could have worsened the situation if not for the US new global policy on dollar. Those with dollar notes older than 2021 are trying to get rid of them and so the high supply in the market. Our inflation rate is presently at 21%. There is absolutely nothing being done internally to make the naira appreciate.

[quote author=ibrahimabba7 post=118439433]
https://dailytrust.com/naira-redesign-dollar-may-crash-to-n200-efcc-chairman[/quote


Dollar crash has nothing to do with Nigeria Economy... We Nigerians are gullible and even if the dollar crash, price of things wont go down, they can't and won't reduce price of commodities...

They will keep chanting Scarcity or something

If dollar come down, those market ppl will still want to hack prices

Who carry mic give dis mumu?

hapsattaddawus:
Dollar crash, has nothing, absolutely nothing to do with naira redesign.
It has to do with the US policy to check the stock pile of dollars in Africa. Especially Nigeria and South Africa
Stop deceiving yourself.

Haba Oga!, I doubt if we are even amongst the top 5 largest launderers of Dollars in the world. I agree with you that dollar crash has absolutely nothing to do with the redesign of the naira. However, insinuating that it is targeted at checking the stock pile of the currency in SA and Nigeria is an overkill

Carthman:
Omo see how this man just talk about dollar fall like say he get rope to draw am come down

bros na them still make am high so they still no how to drag it down.

hapsattaddawus:
Dollar crash, has nothing, absolutely nothing to do with naira redesign.
It has to do with the US policy to check the stock pile of dollars in Africa. Especially Nigeria and South Africa
Stop deceiving yourself.

Don't mind them. Recent report says that naira has depreciated again.

It is even supposed to be the other way round.

Those who are hoarding the naira in their homes and are reluctant to take them to the bank will want to exchange them to dollars. And the rush for dollars will further devalue the naira.

ibrahimabba7:

https://dailytrust.com/naira-redesign-dollar-may-crash-to-n200-efcc-chairman

@ Deutsche Welle (DW) What is the business of Deutsche (German) media with Hausa? These colonialists are determined to never leave Africa alone - they should focus their media organizations on their own country na.

bigtt76:
Those hoarding the Naira have an option to change them to dollars (which would spike the demand and increase the rate) but what happens to the BDC guys who are also hoarding the dollars? They can't take all that stash to the bank cos of the CBN regulations on deposits ...so these two set of guys are now in a fix. The BDC guys or those with old dollars now want to flush them out but also weary of how to deposit the funds in the bank.

Some will end up in neighbouring countries

That would be good because I would be able to buy any gadgets that I want.

It would be bad because the money I would be making from my website through AdSense will not longer make sense.

Either way, we pray for a better Nigeria!

Dis one no even know wetin e dey talk

Lol

richeeyo:

See this foolish one
Even Americans couldn't check stock piles of El chapo, its next door naigbour

Dollar crash has absolutely nothing to do with naira redesign.

Did court not send this boy to kuje prison.