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Nairaland Forum / Nairaland / General / Politics / Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa (58745 Views)
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Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by Nobody: 2:28pm On Nov 16, 2022 |
Cholls: 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 |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by Bridget95(f): 2:29pm On Nov 16, 2022 |
hapsattaddawus:You deserve a chilled bear for this. These people think they are smart |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by Tooreda: 2:30pm On Nov 16, 2022 |
In this Nigeria, just know that it's going to 2000 |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by Alexbio: 2:33pm On Nov 16, 2022 |
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 |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by ppogba: 2:36pm On Nov 16, 2022 |
The value of any currency is not determined by wishful thinking. Somebody should wake Aboki up from his slumber. 1 Like |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by Sunnypan: 2:36pm On Nov 16, 2022 |
1 DOLLAR TO 200 NAIRA, STOP DREAMING SIR 1 Like |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by Nobody: 2:36pm On Nov 16, 2022 |
ibrahimabba7: 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 |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by DrSadikMagaji(m): 2:37pm On Nov 16, 2022 |
Zimzy: It's ''Quota' actually. |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by meobizy(f): 2:40pm On Nov 16, 2022 |
If this happens, it will last three months maximum. |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by Angelfrost(m): 2:40pm On Nov 16, 2022 |
hapsattaddawus: Off Mike abeg... Don't kill the joy of APC urchins! ![]() |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by Nobody: 2:40pm On Nov 16, 2022 |
BleedTears: In his own case, he has zero knowledge |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by adecz: 2:43pm On Nov 16, 2022 |
What does he know about monetary economics or financial policies❔❓ Everyone is just going guesswork.❗️❗️ |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by betshopagent(m): 2:44pm On Nov 16, 2022 |
If aboki like make him wear suit; aboki na aboki. ![]() 1 Like |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by Desusi: 2:45pm On Nov 16, 2022 |
Carthman:Na African magic and juju he wan use.make we dey watch am.. |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by bishop07: 2:46pm On Nov 16, 2022 |
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Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by Gabbriell: 2:47pm On Nov 16, 2022 |
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. 1 Like |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by Bigchristo: 2:47pm On Nov 16, 2022 |
ibrahimabba7: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? |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by MoneyMitch: 2:47pm On Nov 16, 2022 |
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 1 Like |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by MJib: 2:50pm On Nov 16, 2022 |
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. |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by yetty247(f): 2:51pm On Nov 16, 2022 |
[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 2 Likes |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by gladdensir(m): 2:51pm On Nov 16, 2022 |
Who carry mic give dis mumu? |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by LegalWolf: 2:52pm On Nov 16, 2022 |
hapsattaddawus: 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 |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by johnnychuks(m): 2:52pm On Nov 16, 2022 |
Carthman:bros na them still make am high so they still no how to drag it down. |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by Ken4Christ: 2:53pm On Nov 16, 2022 |
hapsattaddawus: 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. |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by BigBashiru: 2:54pm On Nov 16, 2022 |
ibrahimabba7: @ 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. |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by BennyDGreat: 2:55pm On Nov 16, 2022 |
bigtt76: Some will end up in neighbouring countries |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by worthybet(m): 2:57pm On Nov 16, 2022 |
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! |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by ufuosman(m): 2:58pm On Nov 16, 2022 |
Dis one no even know wetin e dey talk |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by Kayyus09(m): 2:58pm On Nov 16, 2022 |
Lol |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by stano2(m): 2:59pm On Nov 16, 2022 |
richeeyo:Dollar crash has absolutely nothing to do with naira redesign. |
Re: Naira Redesign: Dollar May Crash To N200 – Abdulrasheed Bawa by bizzibodi(m): 3:01pm On Nov 16, 2022 |
Did court not send this boy to kuje prison. |
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